Cryptocurrency Tip - Coin Monitoring Board (CMB) 2.0 Tutorial & Practical

You might've heard of the trending Coin Monitoring Board (CMB) software circulating the internet for a long time now which is indeed promising Cryptocurrency traders an accurate flow of earning if mastered well. As many still key into the software, NOTE these observations in sequence.

CMB 2. 0 has 2 very important features which you must know and understand before using to trade crypto. The CMB 2.0 connects you to the activities on the exchange of your choice by aiding your analysis of which COIN you are suppose to trade using the FR & PRR metric.

Get a reliable internet connection and join the class as you visit the CMB Website - beta.xchangerate.io

2. Check our last study where we mentioned the use of the green & red arrows.

3. Also Use your Sort buttons before choosing a coin to watch before choosing which you are trading.

Points To Note

GAP - Global Accepted Price

CPP - Current Perceived Price

How To Get Started

1. Have your API and Secret Key ready
2. Feel free to pick the currency of the country you want your BTC to convert into
3. The Beta version supports only Bittrex & Bitfinex exchanger for now
4. Create Account
5. Enter Your Account Name
6. Give it any name you Like
7. But I will recomend that you Add BIX for Bitrex as a Prefix or Surfix
8. Enter your API Key and Secret

Ensure you do these carefully. Do not make errors here

When you can see All the COINS on the exchange - Now we are ready

MAKE SURE YOU ARE ON TEST MODE

Let us treat the FRUGALITY RATIO

EXCHANGE TREND

MARKETCAP

LIQUIDITY

1HR IMPACT

EXCHANGE TREND - Seeks to check the difference between the last BUY & SELL on the exchange- If it is positive it gives a 25% Score

MARKETCAP - Seeks to capture the INFLOW or OUTFLOW of funds from the last MARKETCAP . If positive gives a 25% score and if negative 0

LIQUIDITY - Which gives you the BTC under BUY & SELL within the Last Trading Hour- If more than 0 give 25% score. It is VERY IMPORTANT to CHECK LIQUIDITY of a COIN to know How soon you can get Value on your COIN because this shows the DEMAND vs SUPPLY element on that exchange.

1HR IMPACT - seeks to measure the BTC addition to this coin between what value it was before the change and now. If it is positive it shows 25% if its negative it shows 0

The Total Score could show 25%, 50%, 75% and 100%

A score of 100% simply says that the coin has FULL LIVE ACTIVITY. The 100% does NOT however mean it is OKAY to buy the COIN. - Your Strategy is your own so you need to have strategy preferences based on your Trade Appetite.

As a Trader - You can choose to Trade often on minimum value or Trade Seldom (Not Too Often) based on high or very High metrics

We have proved over time and time again that the higher the METRICS the better the result is.

The SECOND ELEMENT we will be looking at is the PRICE RELATIVITY RATIO

But before I go, Let us look at the FR again, this time LIQUIDITY

Go to your CMB

For those not getting data you need a good internet connection where you are .

These Buttons I am about to show you carries the very potency of the CMB tool

Because they give you that ANALYTICAL POWER to compare DATA across all the COIN with just a click

It is called the POWER of COMPARATIVE. These buttons allows you to SORT both in ASCENDING and DECENDING order (green and red arrow)

So For LIQUIDITY - You can Sort to KNOW the COIN with the HIGHEST LIQUIDITY in the LAST ONE HOUR

Now Let us Click the Lower Button. GREAT

Remember we are all BETA testers so we should be able to accommodate some of these teething issues that comes with the volume.

READ NEXT - Cryptocurrency Tip - Coin Monitoring Board (CMB) 2.0 Tutorial & Practical [PART B]

Source

Mr Peter (CMB CEO)