Onchain Analysis for a newbie
⏬️
And How you can get started even if you’ve never analyzed anything Onchain before.
🧵
⏬️
And How you can get started even if you’ve never analyzed anything Onchain before.
🧵
This thread promises to be educative, simple and direct.
But before we proceed, ensure you bookmark this thread so you can always come back to it.
Done that? Let’s proceed.
But before we proceed, ensure you bookmark this thread so you can always come back to it.
Done that? Let’s proceed.
Firstly, there are two categories of Onchain Analysis:
• Detecting scam
• Maximizing profit
• Detecting scam
• Maximizing profit
In this thread, we will only be looking at How to use Onchain Analysis to maximize your profit.
However, If you want to know How to detect scam using Onchain Analysis, you should check out my previous thread on it
x.com
However, If you want to know How to detect scam using Onchain Analysis, you should check out my previous thread on it
x.com
Now, before we dive in to this, NOTE THAT, Onchain Analysis is incomplete without a tool.
And that is why I will be introducing you to my favorite tool @alphatracexyz
And that is why I will be introducing you to my favorite tool @alphatracexyz
- Why is @alphatracexyz Different?
#AlphaTrace is different from other tools because you can:
• Monitor Smart Money
• Detect scam
• Analyze Wallet
• Check the actions of other people in the market
#AlphaTrace is different from other tools because you can:
• Monitor Smart Money
• Detect scam
• Analyze Wallet
• Check the actions of other people in the market
• Monitoring Smart Money:
It is not a news that there are people who are smarter and even have big liquidity than you.
Most time, these people are early and even make more informed decision than you do.
Imagine monitoring these people and do what they do?
It is not a news that there are people who are smarter and even have big liquidity than you.
Most time, these people are early and even make more informed decision than you do.
Imagine monitoring these people and do what they do?
HOW CAN YOU MONITOR THEM?
You can use the “Smart Money Feed” on #alphaTrace to do this.
Just heed over to alphatrace.com
Select the “Smart Trader Feed” option
Then you see what these people are buying and selling.
PS: This is How I stumbled on #Grok that gave me 15x.
You can use the “Smart Money Feed” on #alphaTrace to do this.
Just heed over to alphatrace.com
Select the “Smart Trader Feed” option
Then you see what these people are buying and selling.
PS: This is How I stumbled on #Grok that gave me 15x.
- The next Feature on @alphatracexyz is “Wallet Analysis”
This feature helps you in tracking and analyzing wallet activities, what the wallet is buying, selling and their volume.
This feature helps you in tracking and analyzing wallet activities, what the wallet is buying, selling and their volume.
NOW, How do you get worthy wallets to track? I get this question a lot.
I mean the biggest nightmare of every trader is tracking someone who’s not profitable.
Same way you can 100x your portfolio with wallet tracking is the same way you can send it to Zero if done wrong.
I mean the biggest nightmare of every trader is tracking someone who’s not profitable.
Same way you can 100x your portfolio with wallet tracking is the same way you can send it to Zero if done wrong.
The “Explore” Feature on @alphatracexyz help in curating top wallets to track.
Now this is how I make use of the Explore Feature
I check out wallets with top transactions across different tools.
I look in to each wallets, check out their history and see if they are profitable.
Now this is how I make use of the Explore Feature
I check out wallets with top transactions across different tools.
I look in to each wallets, check out their history and see if they are profitable.
PS: If they have 75% and above win rate, I add them to the list of the wallets I track.
Also note that, this strategy might be time consuming as you’ll need to filter wallets to get the best one(s).
Also note that, this strategy might be time consuming as you’ll need to filter wallets to get the best one(s).
Conclusively, #AlphaTrace is still one of the best Onchain tools I’ve tried out.
They give accurate data and they are very seamless to use.
They give accurate data and they are very seamless to use.
If I find out any new information on them, I’ll share but for now, ensure you check out their features and How you can use it to make more money.
BTW, If you found this thread helpful, like, retweet the first post and follow @kunleofweb3 x @alphatracexyz for similar contents.
BTW, If you found this thread helpful, like, retweet the first post and follow @kunleofweb3 x @alphatracexyz for similar contents.
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