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Topic: Onchain analysis method (Read 172 times)

member
Activity: 253
Merit: 93
Humble Bitcoin Stacktivist
November 01, 2023, 08:38:24 AM
#13
Great list or resources. I am not a trader or looking to make profit with my bitcoin stack but I have found that the tool Look Into Bitcoin is incredibly useful for looking up a lot of on-chain data for free. They also have some paid features but I am not sure how helpful they will be for normal everyday trading types.

Best of luck.
full member
Activity: 504
Merit: 144
October 31, 2023, 10:57:10 PM
#12
Onchain analysis does not target normal traders, but rather whales. Changes are always in the long term, which can be used well with news and leaks, so most of those who buy paid packages are experienced traders, especially since it may constitute a change in altcoin market.

- I don't entirely agree with your viewpoint that onchain analysis only caters to whales. I do acknowledge that monitoring whale activities is significant as it can help anticipate future trends. Nevertheless, the transactions and behaviors of regular traders also offer valuable insights.
- For instance, examining the performance of wallets holding less than 1 BTC can provide valuable statistics, helping us gauge the current market phase. It's like putting together a puzzle; if any piece, regardless of its size, is missing, the entire picture remains incomplete.
hero member
Activity: 630
Merit: 510
October 30, 2023, 01:52:38 AM
#11
1. Altcoin Season Index - Tracks altcoin performance relative to Bitcoin, indicating when altcoins might outperform BTC.

2. Crypto Fear and Greed Index - Measures market sentiment in cryptocurrency, indicating whether it's driven by fear or greed.



altcoin-season-index seems like a good indicator that at least gives you an overview with one chart, I will try it out in my future trading.
Crypto Fear and Greed Index is one of the weak indicators of the results because it represents a reflection of three variables: market volume/volatility/emotional index like Social Media and Surveys. Emotions are an inaccurate measure, and I do not think that these services have a deep analysis of a large number of user bases, so they are a direct reflection of volume. / Volatility, which we can obtain using relative strength indicators, without the influence of a third party.

Chain analysis is very expensive and its outputs are useful to traders, although in many cases the results are highly misleading as some of Glassnode's predictions were far from accurate.

You really need to define what list you want to create.
-  I want to make it clear that onchain analysis is just an additional tool in my trading approach; it's not a magic solution. Even if you pay for expensive onchain services, they provide more reliable data and analyses, but they won't give you the definitive answer on when to buy or sell. Ultimately, you still need to conduct your own analysis and make decisions based on that data.
Onchain analysis does not target normal traders, but rather whales. Changes are always in the long term, which can be used well with news and leaks, so most of those who buy paid packages are experienced traders, especially since it may constitute a change in altcoin market.
full member
Activity: 504
Merit: 144
October 28, 2023, 09:44:59 PM
#10
In your list there is https://cryptoquant.com, which is Onchain analysis. However, it is a paid service. I do not think that you will find services like this for free, or at least not all of its features are free.
Sure, cryptoquant.com offers more features for a fee, but even its free features have been quite helpful for me. That's why I suggested it. It's important to note that these are my personal experiences with these websites, and what works for me might not be the same for everyone.
Chain analysis is very expensive and its outputs are useful to traders, although in many cases the results are highly misleading as some of Glassnode's predictions were far from accurate.

You really need to define what list you want to create.
-  I want to make it clear that onchain analysis is just an additional tool in my trading approach; it's not a magic solution. Even if you pay for expensive onchain services, they provide more reliable data and analyses, but they won't give you the definitive answer on when to buy or sell. Ultimately, you still need to conduct your own analysis and make decisions based on that data.
- Don't get too hung up on right or wrong; what matters is how you use these tools. They might not be necessary for everyone, but they can be valuable for someone else.
These aren't "onchain" analysis, they are "market" information. On-chain suggests stuff that happen on the blockchain or in the particular cryptocurrency network such as number of transactions. That does not really help with trading though since the data acquired on-chain does not directly correlate to what is happening in the market.
So, where do you think these "market" information websites get their data for analysis? If it's not directly from the blockchain, where does it come from? How do they compile it?
There are also some third party tools that can help with technical analysis like the tradingview.com website.
Tradingview.com is purely about technical analysis so I didn't add it.
full member
Activity: 448
Merit: 225
October 28, 2023, 10:07:57 AM
#9
~snapped
I dont think this is also an analytic on chain. Its a website for information where details of tokens and coins are uploaded and can be seen that has been monitored. But if you wanna check thr onchain then much prefer to visit explorer sites for each tokens or whatever network they are using. Clearly youll see here every types of movement and on chain method. Like buy and sell, transactions and different sequence on smart contract.

I shared all website i use, I listed many websites which offer onchain charts and insights. some of them are not specific to onchain but can be used for analysis.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
October 28, 2023, 10:04:41 AM
#8
~snapped
I dont think this is also an analytic on chain. Its a website for information where details of tokens and coins are uploaded and can be seen that has been monitored. But if you wanna check thr onchain then much prefer to visit explorer sites for each tokens or whatever network they are using. Clearly youll see here every types of movement and on chain method. Like buy and sell, transactions and different sequence on smart contract.
full member
Activity: 448
Merit: 225
October 28, 2023, 06:26:13 AM
#7
I would like to share my personal list here:

1. Altcoin Season Index - Tracks altcoin performance relative to Bitcoin, indicating when altcoins might outperform BTC.

2. Crypto Fear and Greed Index - Measures market sentiment in cryptocurrency, indicating whether it's driven by fear or greed.

3. CryptoQuant - Provides metrics and charts, especially on Bitcoin exchange flows, aiding market analysis.

4. CoinMarketCal - Cryptocurrency calendar displaying upcoming events and updates for various cryptocurrencies.

5. Glassnode - Offers on-chain market intelligence for various cryptocurrencies, providing key data metrics.

6. CoinDance - Provides cryptocurrency-related data and statistics, covering aspects such as trading volumes and market trends across exchanges.

7. CoinGlass - Offers insights and analytics for cryptocurrency markets through visualizations and tools.

8. CryptoPanic - Aggregator compiling cryptocurrency news and discussions from various sources, presenting market sentiment.

9. Messari - Data analytics platform providing research and insights on various cryptocurrencies for informed decision-making.

10. TradingView - A widely used platform for charting and analyzing financial markets, including cryptocurrencies, offering technical analysis tools.


hero member
Activity: 630
Merit: 510
October 27, 2023, 03:36:00 AM
#6
Thanks for your input. I've also heard of Glassnode.com, which is a good resource. However, it seems like that they require a subscription fee to access their services.
In your list there is https://cryptoquant.com, which is Onchain analysis. However, it is a paid service. I do not think that you will find services like this for free, or at least not all of its features are free. Chain analysis is very expensive and its outputs are useful to traders, although in many cases the results are highly misleading as some of Glassnode's predictions were far from accurate.

You really need to define what list you want to create.

As for Coingecko.com, it's quite similar to CoinmarketCap. I prefer Coinmarketcap because it's been around longer, and its interface displays more intuitive parameters such as trends, news, and the fear and greed index right on the homepage.

CoinmarketCap is owned by Binance and there will inevitably be data manipulation either to make binance a perfect exchange or to make other platforms look bad compared to binance.
mk4
legendary
Activity: 2870
Merit: 3873
📟 t3rminal.xyz
October 27, 2023, 02:05:16 AM
#5

Just a quick note to reader to not trade(short, in this case) solely based on token unlocks alone. This might've been viable then, but now that a lot of traders use it, shorting unlocks became an overcrowded trade — to the point that we actually see pumps on unlocks because of short-squeezes.
legendary
Activity: 3472
Merit: 10611
October 27, 2023, 12:20:35 AM
#4
These aren't "onchain" analysis, they are "market" information. On-chain suggests stuff that happen on the blockchain or in the particular cryptocurrency network such as number of transactions. That does not really help with trading though since the data acquired on-chain does not directly correlate to what is happening in the market.

As for trading/investing the best source is still your own analysis of the market which you can only get by visiting the charts and using the centralized exchanges to see the live data. Otherwise some of your links like CMC are only good for finding where each shitcoin is traded not for analysis.

There are also some third party tools that can help with technical analysis like the tradingview.com website.
full member
Activity: 504
Merit: 144
October 26, 2023, 11:07:20 PM
#3
On-chain analysis is predictive analysis using On-chain data that gives results to measure market and investment opportunities as provided by services such as Glassnode - On-chain market intelligence https://glassnode.com
Thanks for your input. I've also heard of Glassnode.com, which is a good resource. However, it seems like that they require a subscription fee to access their services.
The list is for price-tracking services or cryptocurrency data aggregator. They are tools for displaying data, and I do not know whether services like CoinMarketCap provide any data analysis services

add CoinGecko https://www.coingecko.com to that list.
As for Coingecko.com, it's quite similar to CoinmarketCap. I prefer Coinmarketcap because it's been around longer, and its interface displays more intuitive parameters such as trends, news, and the fear and greed index right on the homepage. Both CoinMarketCap and Coingecko offer specific information about individual coins and the overall market, allowing us to perform our own analysis. Regarding data analysis services, I haven't come across them yet.
https://www.theblock.co Isn't it a site for articles and news?
It does have a "Data" tab where you can access onchain analysis data. Additionally, it's a good source for the latest news about the cryptocurrency market.
hero member
Activity: 630
Merit: 510
October 26, 2023, 03:12:13 AM
#2
On-chain analysis is predictive analysis using On-chain data that gives results to measure market and investment opportunities as provided by services such as Glassnode - On-chain market intelligence https://glassnode.com

The list is for price-tracking services or cryptocurrency data aggregator. They are tools for displaying data, and I do not know whether services like CoinMarketCap provide any data analysis services

add CoinGecko https://www.coingecko.com to that list.
https://www.theblock.co Isn't it a site for articles and news?
https://cryptoquant.com and https://www.arkhamintelligence.com are Onchain analysis services.
full member
Activity: 504
Merit: 144
October 26, 2023, 02:23:02 AM
#1
- In recent years, along with the development of the crypto market, a new method of analysis has emerged and evolved, known as Onchain analysis. It can be highly effective if we seriously invest time in studying it. Currently, I'm using this method in combination with technical analysis for my daily trading and long-term investments, and I find it really helpful for my purposes.


- Below, I'll list the Onchain analysis websites I use and provide my personal opinions about them. I hope to receive some feedback and additional recommendations if you know of any other useful Onchain analysis websites or tools.

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