There are thousands of altcoins in crypto, and honestly, it’s frustrating to select a few out of the lot and not regret when every altcoin except yours rallies.Before we get into it, here\u2019s a warning\/note:Note: None of the metrics are meant to be used as a standalone indicator. Combining these on-chain metrics with technical analysis yields the best resultA not-so-overwhelming versionCreate a screener to track the altcoins that you like or find interesting and track the price until you find a high probability setup and then trade it.A detailed versionI use Santiment\u2019s screener to add the top altcoins I like and track metrics that help me sort the tokens to a handful that I can trade.Here are the metrics I use:1. Market Value to Realized Value (MVRV)This metric is fairly simple, it tracks the PNL (profit\/loss) of investors that purchased an altcoin, depending on the time frame you provide.For example, the 30-day MVRV for BTC tracks the PNL of buyers that purchased BTC in the past month.This is an oscillator, so it has a \u201czero line\u201d and the MVRV line varies relative to this baseline.A sudden spike in 30-day MVRV (say 50%) suggests that 50% of the investors that purchased BTC over the past month are profitable. When this happens, readers can expect a drop since the investors can book profit, pushing the price of BTC lower.Previous peaks can be used to determine a local top.BTC 30-day MVRV chart(Red circles = local tops, Black circles = local bottoms)On the contrary, a drop below the \u201czero line\u201d suggests that there is widespread selling, and investors that purchased BTC over the past month are in loss.Typically, market makers or whales tend to purchase when the market is panicking. (A similar trend is observed in the Forex markets where banks and institutions purchase\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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