Why is Algorithmic Trading a rational approach, considering the Sentiment driven High Volatility of the crypto market ?
The crypto market is known for its Assets have the tendency to shoot up and plummet within minutes. For any trader who wishes to dominate the market, they need to have their eyes glued to the screens and spend hundreds of hours each week tracking various developments. Because crypto isn’t regulated, the industry has a tendency to grow sporadically. And these minute developments can influence the price action. The question each trader asks then is — “How can I make the most profits in this highly volatile crypto market?”
Well, the answer lies in Algorithmic trading !
What is Algorithmic Trading?
Algorithmic trading (often known as Algo Trading/Automated Trading) is a method of trading in the financial markets using pre-programmable bots. These bots execute orders basis the conditions that are pre-programmed into them. These conditions can be time, price, and/or volume of a specific asset.
Since the entire process is automated, algorithmic trading is said to be a much faster and more efficient way of executing orders. For fast-moving markets like crypto, algorithmic trading comes in really handy.
How are crypto trading bots useful?
Crypto trading bots are automated bots that can open and close positions on a trader’s behalf. All of the processes are carried out automatically and the traders have absolute control over how they want the bots to play in the market.
Since the traders can preconfigure everything, they have the chance to decide the essential trading pairs that they want the bot to look at. This gives them the freedom to manoeuvre their trades according to their pre-set conditions. Once they have chosen a basket of technical indicators, it becomes fairly easy for the bot to open positions accordingly.
Use Panther Quant for Actionable Crypto Sentiment Insights
Panther Quant is a revolutionary Algo-Trading platform (similar to a crypto trading bot ) in that it allows you to select the basket of technical indicators that you’d like the bots to focus on and open positions accordingly. However, what really makes it different is the ability to fetch real-time sentiment data of the crypto market and provide actionable insights on that. Traders can simply select the trading pairs that they’d like to focus on, post which it becomes fairly easy for the bot to open/close positions.
Additionally, traders have the option to be in full control of their trading strategies by simply utilizing the information already available to them and creating customized trading strategies.
How can sentiment analysis help?
The crypto market is driven by emotional investors who are looking to get the most bang for their buck. And the community loves shooting the price up and/or down the moment they hear anything positive or otherwise being said or implemented within the industry. Thus the market sentiment plays a massive role in influencing its direction.
At Panther Quant, we understand this at the most fundamental level. That is why we aim to analyze the crypto market sentiment regularly with our algorithmic trading bots. The platform can fetch both historical data and real-time crypto market sentiment. Apart from that, Panther Quant bots will also analyze, how strong is the fundamental values of the pairs chosen by the traders and based on these criticial information, derives at the most profitable pairs for the trader to trade on. Using that information, traders can create their own customized trading strategies. Our platform offers our users the ability to let the bot handle all their trades. They simply need to choose the top trading pairs of preference Or they can be in absolute control of their positions wherein they simply use the data to create and execute their trading strategies.
The highly volatile crypto market is in dire need of an innovative platform with the most cutting edge technology, which can open a pandora’s box for the crypto traders (both newbies and experienced) with plethora of insights for them to trade in the best cryptocurrencies and reap off more profit.
And, We promise to bring to you the most transformative experience in the crypto space in the form of Panther Quant !
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