Coinbase Started Three Data-Based Trading Signals for Users
One of the leading cryptocurrency exchange Coinbase announced that the exchange will release three data-based trading signal for all its users. The announcement is made by an official blog on 17 July.
It is very difficult to predicate the market movements whether you are newcomers to crypto or an experienced trader. The three data trading signals are accurate and up to date, available for all users exclusively on Coinbase.com.
The aim of these trading signals is to provide users with the latest data for a new trading strategy. The data is prepared by observing the habits of millions of Coinbase users.
The official blog further added:
“These insights are only available to customers signed in to Coinbase — and they are the first of their kind in crypto.”
These new signals will provide a deeper understanding of crypto assets and help users to build a strong cryptocurrency portfolio beyond price limits.
The three data trading signals contains:
Top Holder Activity
Top holder activity shows that what did the big bag holders (whales) that are in the top 10% by funds are doing now, whether they are buying or selling in the past 24 hours. The data is updated every 2 hours that will help users to decide on buying or selling or copying the trading strategy of whales.
Typical Hold Time & Popularity on Coinbase
The typical hold time signal is the median number of days an asset stays in a Coinbase customer’s account or vault before it’s sold or sent to another address or wallet.
Price Correlation
This shows how cryptocurrencies prices moved with respect to each other. The data is updated every 24 hours. A high value in correlation means that the cryptocurrencies move in the same direction together and 0 value means that the cryptocurrencies have no relation in price movements. A high negative correlation means those assets’ prices have tended to move in the opposite direction. Low or no correlation (around 0%) means the assets’ prices haven’t tended to be related.
