Thought I'd create this thread to group the market summaries I've been posting on various threads around the forum.
I'll post once or twice daily here about trade ideas, market sentiment, what the top traders are doing, and price indexes. Information is pulled from various exchanges such as Bitfinex and OkCoin and bitcoin services such as bitcoinmarkets and whaleclub.
If you have suggestions for other types of relevant data to include in the market summary, and if it's indexable online or has an API, post below and I can probably include it.
Where the data is from and how the numbers are calculated:
Most of the data comes from
Whaleclub.co because they have open queryable trade data.
Weighted USD Price Index pulls the latest price from 9 Bitcoin-USD exchanges: Coinbase, Huobi USD, Gemini, Bitfinex, Bitstamp, BTC-e, OKCoin USD, Kraken USD, and ItBit. It then computes for each exchange:
vol_price(exchange) = price * 24h-volume
Then averages the sum of all the `vol_price`s by the total USD volume across the exchanges.
CNY Price Index pulls the latest price from 3 Bitcoin-CNY exchanges: Huobi, OKCoin, and BTCChina. It then averages those 3 prices without taking into consideration volume, because most of the volume is noise in China.
Latest Trade Ideas from Top Traders is pulled by indexing both the whaleclub.co ideas feed and the @whaleclubco Twitter feed. It pulls the latest ideas from a predetermined list of top idea posters in the past 24 hours. A maximum of 7 ideas are displayed here.
Market Sentiment pulls long/short and sentiment information from various sources: the BitcoinMarkets Flair game, OKCoin's Elite trader listing, OKCoin's future position ratio data, Bitfinex long/short ratio in the past 24 hours, and whaleclub.co active longs/shorts. The sentiment displayed for the flair game is actually a delta (because a lot of the flair data is stale): it computes an average of how many flairs changed in the past 24 hours or over the latest 20 flair changes.
Top Trader Active Positions (7-day) is pulled from whaleclub.co. It takes all the active positions opened in the past 7 days then computes the weighted average long and short entry price (weighted by the size of the position) as well as the total size of longs and shorts opened.
Top Trader Closed Positions (24-hour) is also pulled from whaleclub.co. It takes the closed positions of the past 24 hours and tells you what price they were closed at and their direction.
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All data is mined or pulled with API - I have no affiliation with the services mentioned above and I don't post any affiliate links.If you want other types of relevant data in the market summary and if it's indexable online or has an API, I can probably include it. Just let me know.
