Analyzing Bases & Statistics

In the previous messages, you learned about the following:

• The QFL Strategy
• Base & Resistance Levels
• Setting Up Your Crypto Base Scanner
• Changing Notifications Settings

So what else do you need to boost your chances for a more profitable trading?

You subscribe to Crypto Base Scanner because you need to:

• Make sense of the cryptocurrency exchange graphs
• Be notified for optimal entry levels in the market through the bases

But how do you know the perfect bases for your desired risk levels?

Remember that Crypto Base Scanner uses a unique algorithm to analyze markets and identify bases in real time. We remove the hard and tedious work from your shoulders!

We will send you an alert according to your preferred percentage drop from the base. To know if you will proceed with buying certain a certain cryptocurrency, you need to make an informed analysis.

On YOUR BASE SCANNER TAB on the LEFT SIDE portion of the Dashboard, activate the filters in order to see only the bases that interest you.

You can SELECT A PARTICULAR BASE from among the different markets on the Base Scanner Tab.

Know the meaning of the following lines on the graph:

BLACK HORIZONTAL LINES – These lines mark the bases that have not been cracked after they have been formed. They could also signify some bases that have been recently cracked above 3% drop levels from the base. Getting into the market from this base does not produce much profit.

GREEN HORIZONTAL LINES – These signify that such bases have been cracked by more than 3% below the base.

RED HORIZONTAL LINES – These lines refer to bases that have been cracked and with prices returning to the base level.

On the right-hand side of your dashboard, you will see a summary of information regarding the base that you have selected.

For RESPECTED BASES, you will see the following information:

Median Drop – the average price drop below the base

Bases Respected – shows the ratio of bases that have been respected

What does it mean for bases to have been respected?

RESPECTED BASES are those that have been cracked and whose prices have returned to the base.

Success Rate: shows the percentage of bases that have been respected over the past 30 days

Time Below Base Chart: this shows how long it took for bases to be respected

What about the percentage levels and charts? How do you know when to enter a particular market?

Don’t forget about this! Your goal is to buy during a panic sell!

Another thing: Your safest and most profitable point of entry is during a crack formation!

When analyzing cryptocurrency trading bases and statistics, consider the following:

1. Is the base level strong enough? If there is a greater buyer reaction, then that could signal a good base level.
2. Look at the market volume for specific cryptocurrencies. When more traders participate in the market for a specified period of time, then buy and sell orders could be filled at a lot faster rate.
3. Check the history of a particular cryptocurrency market. Do panic sales occur frequently?
4. Be mindful of rebound scales. Look for bases with large rebounds. Also, success rates could be higher when panic sales result to multiple rebounds or when bases go back to previous levels after panic sales.

These tips and tricks in analyzing bases and statistics would surely help you decide when to enter a specific market.