Hi everyone, i’m a crypto-trader and developer who uses several tools to help with my trading.
I’ve made this bot that signals when there is a difference between the short/long ratio of Whales/Retails on Binance. I still need to see if there is some kind of correlation with the price movement or if it could be used for trading.
The output is something like this for now:
ATOMUSDT 240M 27/05 @ 12:03
W □□□□□■■■■■|■■■■■□□□□□ 49/51%
D □□□□□□□□□■|□□□□□□□□□□ -14.7% [15%]
R □□□□□□■■■■|■■■■■■□□□□ 35/65%
Open interest $1.5m (+5.5%)
In this example the Whales(W) where short/long 49/51, instead retails where short/long with a percentage of 35/65 , which is a 14.7% difference . I don’t know it this could be useful or anything,
i’m still studying it.
It works on all USDT currencies of Binance and with 5m,1h,4h timeframe for now.
My idea is to create a FREE(not paid access or anything) telegram channel where this bot will output when there is some kind of big difference between whales/retails. could use it and send me feedback on how to improve it or if there is some kind of other statistics that could be useful.
I’m here just to gather some feedbacks on how to improve an already existing tool or to create other tools that the traders could find useful.
Let me know if you’re interested so i’ll create the channel! Cheers