Altcoin Open Interest Scalping

If you are finding it difficult to identify possible price breakouts in altcoins then this video is a must-watch. I’ll show you a technical approach that combines two alpha factors: hourly open interest outliers + daily trading range based on 30-day standard deviation.

It’s pretty slick and I didn’t have to look far to find a runner today (PYTH) via this approach.

After filming the video I checked coingecko and learned that PYTH surged by 25% today after Binance announced the listing of Pyth Network’s PYTH token with the Seed Tag applied.

I wasn’t aware of that and it’s the open interest scanner that popped it onto my radar.

Fascinating!!

Link: https://youtu.be/21-mh8rF4CI

Enjoy – and if you liked the video please give it a thumbs up and maybe subscribe to the channel.

  • Mike
  • last month

About the Author

Hey there, I am one of the founding members of Red Pill Quants. I used to work as a systems engineer in Silicon Valley until I left the industry in 2008 to become a full time quant trader. It's been fun ever since.