BitDroid: Professional Live Crypto Signals for Bitcoin Traders?
Bitdroid is an algorithm designed for actively analyzing price action within cryptocurrencies. Price action simply means the analysis of the order book as well as trades placed in the market.
The algorithm generates layers of data structures as broken pieces that eventually serve as pockets of influences to address complexity and future project consequences. The algorithm then weighs the ultimate result against a particular threshold once it establishes a breached signal.
The crypto market has many subtleties and complexities; statistically finding an edge within it becomes naturally difficult. Bitdroid team believes that predictive models have to address the links vigorously. The platform equally believes that price alone is not by any means an indicative tool. Price is therefore just an output of a result, as complexity cannot be reverse-engineered from a single point.
Bitroid algorithm interacts with each other in the market trade through price and contributes disproportionally to price changes in that particular moment. That kind of interaction is what helps them predict the market.
The algorithm produces trade signals and long-term bias known as the core overview. The core overview maintains fair value systems that are internal to the algorithm’s core. Bitdroid finally analyzes and signalizes data for 12 of the mainstream cryptocurrencies.
How It Works
Bitdroid has a dedicated team that is committed to solving the complexity in the crypto market. The objective behind the creation of the algorithm was to initially see the possibility of teaching algorithm to read the order book like a skilled trader with a 10-year experience.
The system delivered the best results above the expectation of the creators. The platform’s long-term goal is to build up a community with a solid foundation. The team believes that this goal starts by giving their members real-time outputs of the Bitdroid algorithm.
Enter Before, Not After
The Bitdroid algorithm does not use the price to analyze the market. This is a great advantage because it creates an opportunity for early entry and allows the price to confirm itself instead of it confirming the price. Technical indicators often require a price to move before they turn. Combining multiple indicators cannot change that fundamental truth that all these are lagging indicators.
Bitdroid algorithm takes a different approach that enables it to figure out when smart money that enters the sideways moves. This happens because the algorithm is able to see thousands of changes in the order book within a short span of time. This gives the traders an opportunity to execute trades and help them to enter and exit at favorable times.
Trading Like A Professional
Bitdroid algorithm utilizes layered data sets, which traders can think of models and uses the number of sequences to plot distributions against a time element. The idea here is to make a supportive move appear substantially different from another type of move.
The algorithm’s supportive platform keeps all data timely matched to give traders an edge. Trade signals are high-frequency signals published at no charge and generated through multiple models that processes and analyze real-time price action like a skilled, experienced trader who reads the order book.