Crypto pump scanners
How to detect pumping coins on time
Hi Friends,
you ever wondered how come some traders on Twitter always seem to know which coins are currently pumping or about to pump, then jumping from coin to coin right before the dump starts? Seems like magic. There are thousands of alts out there, impossible to watch all of them. So how is this possible?
I don’t think it’s a secret, but not sure many know about this. The answer is “Volume monitors”
The principle is easy, Volume precedes Price. If there is buying volume, most likely the price will go up. Practically the whole concept of breakout trading is based on high volume.
If you can detect the moment when suddenly the “whales“, (the buyers) appear and you buy along with them - you have high chances you will ride the move up and profit from it.
Luckily you don’t have to monitor every chart yourself, there are tools for that.
I’ll share two of my favourite ones, they are also available for free. Imagine that.
Binance Volume monitor
Link: https://agile-cliffs-23967.herokuapp.com/binance
This tool created by https://twitter.com/CryptoZyzz (follow him) scans all Binance coins, even ETH and displays the volume changes minute by minute.
You can read on the site a short description and also some videos done by other traders.
the basic orientation is when you see a coin appearing multiple times with high Net Vol BTC plus a red coloured mention - you can be sure that coin is pumping.
If the coin is mentioned only once in a while or in yellow - could mean nothing or just that the pump is quite in the early beginning.
This is how ENJ looks like
You can see today’s green candles and the volume.
Compare this with KAVA, also quite active today.
So what to do with this information?
What I usually do is:
check that the coin is not at the absolute local top. like KAVA here. I don’t buy tops no matter what. it’s totally fine if I miss this pump. there are many more.
prefer coins that are still before a major resistance level - like ENJ or just on the breakout (on the MA200 line)
Wait for a low time frame correction - red candle on the 1h chart (I use .50 fib line)
Enter with layered buys.
If you decide to watch coins alerted on this page but without too much volume - that could work as well, you just risk that the signal is not accurate or the pump will take a while to unfold.
Important: sometimes the pump starts with a pre-pump, basically a first try, afterwards the price dumps again for a while. This could be annoying if you buy and get underwater. The best here is to use stop loss and move on without remorse. Enough other coins out there.
ExchangeDog
This is a similar idea, but this one is a bot on Twitter, alerting on the relevant buys and sells (and transfers)
That’s all the information you receive, so it’s on you what you do with it.
usually I use it in combination with the first one, If I get the same coin alerts on both tools - it’s a great sign.
I recommend to play with the tool for a while, see the coin alerts then watch the chart and monitor the next hours to see what the price is doing.
Your choice when to buy or when to sell, as always. This tool offers no guarantees, but it’s definitely an edge to detect high volume coins on time, allowing you to take appropriate action.
by the way, these tools alert as well on huge selling activities, which are very important as well. If you see something like -50K BTC sells, time to worry.
I tested this tool mostly in altseasons - usually when coins go up for a longer period of time. I don’t know what happens in bear markets, probably harder to get good entries.
I hope this helps. Don’t hesitate to reach out, like share or to leave a comment on my twitter page
https://twitter.com/DonCryptoDraper
Best,
Don