Bluedata

Data startup focused on free enterprise grade blockchain data for individual developers, algo traders, small hedge funds and investors.

[Bluedata @Bluedata_1]

Absolutely Incredible results from our spread data today🙌🏽

We explain the results below 👇

You can see below 2 photos.
1)zoomed out for context.
2)zoomed in for precision.

What you are seeing.
Candlesticks=BTC price 5Min.
Pink line=200 EMA of 2nd level spread data (NOT A PRICE EMA!)
White line= Cum. Avg. (The Average rolling spread level for BTC)

What’s occuring, and how to interpret it?

What you’re seeing is that the 200EMA (Spreads) rips through its average (white line). This Movement in the spreads occurred about 50 minutes prior to a violent 3% drop in BTC which occurred over the span of a few minutes liquidating many.

The indicator is telling you simply,
“HEY! Spreads just rapidly widened Watch out for a volatile move down soon!”
And what followed was exactly that.

You can see from the zoomed in screenshot the indicator gave roughly an hour heads up to the move occurring.
You can also see from the zoomed out view how it fluctuates during choppy/sideways/upward action. Remaining under its (Spread200EMA)average rejecting off it etc, not crossing until Volatility was really impending.

While we could sit here and act as if this “indicator” was some intricate configuration of in house data it’s not.

It’s actually incredibly simple. It’s just deep Order book spreads plotted as MAs that’s truly it…
It requires a bit of understanding market microstructure theory and analysis to be utilized but it’s not some complicated multi signal indicator. Nope, just raw spread data.

If You’re saying that can’t be! anything simple must already be overutilized, or market edges must be found in highly complex strategies… maybe just rethink that.
Simplicity is where golden eggs lay. As the saying goes, retail expects value to be found in complexity but whales know it’s found in simplicity.
Complexity isn’t hard to grasp, simplicity is. The seed is more mysterious, simple, and profound than the forest, which is why many get lost therein.

(Our “indicator” isn’t publicly available. When it’s ready it will be. Free of charge .We currently are offering the spread data for free on the website however. Test it out yourself!

#crypto #btc #eth #bluedata #tradingtips

[Bluedata @Bluedata_1]

Grinding… but it’s all gold over here.

This spread data really is powerful and we are busy at work putting it to use daily. Testing strategies and building infrastructure for you.

For those following along here’s our current short term roadmap:

Q3/Q4:
Getting the actual data out to you free of charge on the website 24/7 consistently. We’ve been editing the website and will have it running again soon. This way you have access to the raw data yourself free of charge. With it you can craft your own strategies with our data add it to trading strategies etc..
currently available in csv and JSON formats for devs

Q4:
The FUN one for user friendly access.
We should have the fully self hosted platform up and running for any users to access. As you may know TradingView doesn’t allow certain datasets into their platform so we’ve been crafting our own. The platform will have ready to use spread data for you to add as you would with simple indicators on your favorite charting sight (moving averages rsi etc.)
We are currently adding multiple assets,exchanges,spread layers etc..
we are also developing more strategies daily with the data for more “indicator” style configs. For you to use off the bat.
That’s just the start, there will be much more.

Stay posted for all this and leave us a comment if you have any requests as we are in the thick of development.

#crypto #tradingview #btc #ada #blockchain #indiedev

[Bluedata @Bluedata_1]

@cryptorecruitr GO TO BED DAN! So ADA can moon!

[Bluedata @Bluedata_1]

@MEXC_Official $USD

[Bluedata @Bluedata_1]

@CarlBMenger Is the image showing everyone measuring the value of their $BTC in $USD ? Shouldn’t it just be both BTC if BTC is going to replace fiat? 1 sat = 1 sat who cares about USD valuation unless true value always has and will remain in fiat.

[Bluedata @Bluedata_1]

@bitcoinarchive For fiat. Why else hold BTC

[Bluedata @Bluedata_1]

Utility price for most blue chip cryptos probably lies somewhere around their bear market cycle lows.

Every % on top is speculative price action. Whatever utility is occurring would naturally be priced in already. Anyone floating that the opposite is true and that utility price > speculation price is leading sheep to their slaughter. We are playing a game of speculation. No crying in the casino, don’t miss your chair when the music stops.

When market structure gets passed it’s likely that future upside will be dramatically muted and those complaining about bad actors will long for the days they had access to such a wild opportunity in such a volatile market.

Once “real utility” is achieved speculation isn’t necessary as market participants become well informed on fair market value. Therefore most will be disappointed with what they think they desire most.
The reality is the tribal crypto warfare and lore will be a silly blip on a timeline of your children using the blockchain you invested in like backend office software.

#crypto #Blockchain #bluedata

[Bluedata @Bluedata_1]

If you have ever purchased or sold stocks or crypto you are engaging in market manipulation and are therefore a market manipulator. Sorry to tell you guys.

#crypto #btc #tradingtips #trending

[Bluedata @Bluedata_1]

@unusual_whales You know who’s buying bonds? Literally every person on blockchain dealing in major stables. That’s why the “crypto” president is here. Not to pump bags (he may) but to offload US debt onto a new customer base inadvertently through stable coins

[Bluedata @Bluedata_1]

@cryptorecruitr And hey, lastly, if you’re interested in what we’re doing with our spread data check us out :)! We’ve been grinding to get our resources out to people for free. We’d honestly admire your feedback, you may find it pretty novel and worthwhile if you gave it a look.

[Bluedata @Bluedata_1]

Understood. And we get also our comment is just one in a sea of vitriol bot accounts and overall nastiness, which yes, Please ignore your content is good but you’ve been giving way too much attention to probably fake accounts spamming.
Our response in no way was even addressing your integrity we really couldn’t even care and don’t have an opinion you seem great from our experience!
Nor our use of KOL trying to do that either. It’s understandable that our comment would carry that unintended baggage.
Our concern is the Fact, that many KOLS DO boogeymen wrong actors whether intentionally or not. And this leads to more retail misinformation from those who ostensibly care about retail becoming “informed” and succeeding. It’s gross when they sell retail that they’re helping just to make money from engagement. That’s all. Have a good one and keep up the solid work Dan we’ll certainly be following along! And here’s to an 8$ $ADA!

[Bluedata @Bluedata_1]

@benjamincowen @litecoin This is fun

[Bluedata @Bluedata_1]

Of course, and we wouldn’t deny that. But arguing the rule from the exception is generally a sign of being new to topics, and a losing position in any area. Which is why it’s fairly easy to spot naive opinions across any area. Anyone who thinks outlier data disproves the whole is probably not very well studied on the subject as those informed are usually already aware of that and have included it into larger conceptual understandings of said topic

[Bluedata @Bluedata_1]

@raviroyalcomeup @cryptorecruitr Nah it’s all good dan seems nice. Could handle criticism better though perhaps, but we all could most likely

[Bluedata @Bluedata_1]

You’re just wrong man! Honestly you’re very likable and we enjoy your ADA analysis. And agree with lots of your targets. As well, your risk model (we haven’t tried it out) seems promising and well made. So it’s not a dislike of you at all. Anyone (bots)using our replies to say otherwise is unrelated to us.

We simply think in this arena you are a bit uninformed and had a bad take which we disagreed with. To us that’s standard daily business, and how we grow and get better informed in these complicated markets. “Everyone knows, market makers countertrade retail” is just silly man…retail accounts for 10-15% of volume MMs account for around 60-65% it just is illogical on its face TBH. It’s like saying blackrock is trying to put the neighborhood lemonade stand out of business.

You seem easily triggered for some reason, hopefully you learn to accept feedback even if we end up disagreeing still that’s ok! But at least make an argument and don’t go right to attacking motivations and calling accounts smaller than you anons and “buddy” it’s pretentious, gross, and makes you come across as weak and the exact opposite of what your claiming to be.

[Bluedata @Bluedata_1]

Maybe so, wasn’t intending to be harsh. Honestly we agree with Dan and unlike most of the hate comments agree with a 8$ ish price target for $ADA. But yea the blaming everything on MMs is uninformed and not helpful for retail but gets clicks. Dan seems pretty emotional with serious criticism

[Bluedata @Bluedata_1]

@tradexta @cryptorecruitr They only manifest during long liquidations events. Movements up are always completely organic of course ..

[Bluedata @Bluedata_1]

@CardanoSardine Dan is fine, we’re sure he probably does good work! but the whole MM scapegoating whining narrative is pretty embarrassing for KOLS.

[Bluedata @Bluedata_1]

@Kustoshi @cryptorecruitr Yes of course

[Bluedata @Bluedata_1]

@AnneSanchez90 @cryptorecruitr @martypartymusic 👊🏽