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User Guide: Crypto Alerts Bot

User Guide: Crypto Alerts Bot

crypto alerts bot user manual

INTRODUCTION -

Crypto Alerts Bot provided by Find Reversals is a specially curated alerts bot which scans 80 perpetual assets listed on binance futures round the clock . We chose these pairs and, most importantly, not the spot market pairs because these pairs are given importance by the market makers because of which such pairs always provide high volume, liquidity and volatility.

Many traders mistake the alerts provided by our bot as “signals.” We however believe the term “signal bot” is inappropriate with the hardwork and intention we’ve put behind to curate it. In this case study, we’ll explain how you can utilize these alerts to analyze the asset of your choice.

 

BRIEF -

  • Assets are scanned every 15 minute & the asset which is able to satisfy our certain conditions is notified in the Telegram Alerts Channel.
  • There are 2 version of the bot.
    – Version 1 scans the market on special conditions of technical analysis specially momentum.
    – Version 2 scans the market on special conditions of technical analysis specially volatility.
  • There are 5 levels of each version.

UNDERSTANDING LEVELS OF BOT -

Level 1 : 

  • High Risk.
  • Indicates the asset is about to enter the reversal zone.
  • Direct trade on this alert level can be taken if the asset is trending and on high rise and has not seen a retest of support level for some time.
  • This level should be passed if the asset is having weak momentum.
  • This level should be passed if the market is having weak momentum.

Level 2 :

  • Medium / High Risk.
  • Indicates the asset has finally made it the reversal zone.
  • Direct trade on this alert level can be taken if the asset is trending OR after getting a confirmation our premium indicators or any indicators that may confirm entry.
  • This level should be passed if the asset is having weak momentum or it is facing a slow bleed condition.
  • This level should be passed if the market is having weak momentum.

Level 3 :

  • Medium Risk.
  • Indicates the asset is about to find support in the reversal zone.
  • Direct trade on this alert level can be taken if the asset is trending OR after getting a confirmation our premium indicators or any indicators that may confirm entry.
  • This level should be passed if the asset is having weak momentum or it is facing a slow bleed condition.
  • This level should be passed if the market is having weak momentum.

Level 4 :

  • Medium / Low Risk.
  • Indicates the asset is at support in the reversal zone.
  • Direct trade on this alert level can be taken if the asset is trending OR after getting a confirmation our premium indicators or any indicators that may confirm entry.
  • This level should be passed if the asset is having weak momentum or it is facing a slow bleed condition.
  • This level should be passed if the market is having weak momentum.
Level 5 :
  • Low Risk.
  • Indicates the asset may finally take a price reversal now.
  • Direct trade on this alert level can be taken after getting a confirmation our premium indicators or any indicators that may confirm entry.
  • This level should be passed if the asset is having weak momentum or it is facing a slow bleed condition.
  • This level should be passed if the market is having weak momentum.

Slow Bleed Market Condition -

As mentioned above, all of the levels should be passed if the asset is facing a slow bleed condition. But what is a slow bleed market type, let’s learn it with an example.
Imagine crushing an empty water bottle (vertically) from top to bottom with a crusher. Will the water bottle on itself be able to get back and stand erect? Answer is no!
A slow bleed market type refers to what traders call “whales exiting” or “exchange dumping.” In layman’s language it occurs when there is a continuous sell pressure on an asset which takes away all the volatility and the asset faces more small red candles (on smaller timeframes) with no buy volume. In such a case, the market makers are designed to promptly sell / short rather than to buy.
Hence, a concerned trader should always pass such market type with or without trading with our bots and indicators.
Once the slow bleed condition ends, wait for the bot to notify with new alerts and trade using those.

Highlighting Slow Bleed market condition
Highlighting slow bleed market condition

STEPS TO FOLLOW TO USE THE BOT -

  1. Check for alert(s) in the telegram channel.
  2. Select the most trending asset, if there is more than one alert in channel.
  3. Check if the market type is volatile or slow bleed.
  4. Skip the asset if market is facing a slow bleed situation and wait for a new alert on the same asset after a couple hours. You may enter it if it has shifted to being volatile.
  5. For volatile asset: Use our proprietary indicator provided by Find Reversals and other indicators as guided to verify your entry.
  6. Target price the asset for a specific % or as guided by our indicators.

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