🟢 Stage 1: Technical Basics (Blockchain Basics)
Before diving into deep data, you must know:
What is Blockchain: a distributed ledger to record all transactions.
The difference between Coins and Tokens:
Coin = a primary currency with its own blockchain (BTC, ETH, ADA...).
Token = a project on another network (UNI, LINK, SHIB...).
Networks (Layer 1 vs Layer 2):
Layer 1 = main network (Ethereum, Solana, Avalanche).
Layer 2 = Acceleration solutions (Arbitrum, Optimism).
Basic terms:
Gas Fee = fees.
Cold Wallet = secure cold wallet.
DeFi, Staking, NFT, Smart Contract.
📌 Resources: Cointelegraph Academy, Binance Academy.
🟢 Stage 2: Learn On-chain Analysis tools
This is where you enter the world of liquidity flow 👇
Fund Flow:
Sites: Glassnode, CryptoQuant, Nansen.
Monitor: Entry/Exit of BTC or ETH from exchanges → If exit = storage (Bullish), if entry = preparation for sale (Bearish).
Large wallets (Whales):
Whale movement (Whale Alerts on Twitter/Telegram).
Track active wallets.
Active Addresses:
Increase in number of addresses = real (strong) usage.
Decline = loss of interest.
Cold Wallets:
Increase in long-term storage = Bullish.
🟢 Stage 3: Global Economic Indicators. Crypto is sensitive to the economy 👇
Interest Rate Decisions (FED):
Interest rate reduction = liquidity enters → crypto rises.
Interest rate hike = liquidity exits → crypto declines.
Follow FOMC, CPI, Jobs Data news.
DXY (Dollar Index):
DXY ↑ = crypto ↓
DXY ↓ = crypto ↑
Traditional markets:
Nasdaq, S&P500 → have a direct correlation with BTC.
🟢 Stage 4: Market Data
Open Interest (OI):
Open contracts (Long/Short).
Increasing OI with price movement = strong movement coming.
Funding Rate:
If positive = people are heavily opening long positions (risk of decline).
If negative = people are heavily shorting (risk of rise).
Liquidity Pools:
Use Bookmap or Coinalyze data → to see buy/sell orders.
🟢 Stage 5: Project Analysis (Fundamentals of Tokens)
When studying a new cryptocurrency:
Whitepaper: the core idea.
Team: the team, do they have previous experiences?
Tokenomics:
How many tokens? (Supply).
Is there significant inflation?
Use Case: does it have a real solution or just hype?
Partnerships: with strong companies/exchanges?
Network of the currency: Layer1, Layer2, DEX, Lending…
📌 Sites: Messari, DefiLlama, CoinMarketCap (Tokenomics section).
🟢 Stage 6: Important events in crypto
Bitcoin Halving: every 4 years, mining rewards are halved → less supply → historically BTC price rises.
ETF Approvals: Entry of large financial institutions.
Upgrades: like Ethereum Merge.
🟢 Stage 7: Merging with Technical Analysis
Use SMC/ICT to understand entry zones.
Use FA/On-chain to understand if the trend is worth following or just an illusion.
Example: If BTC is at an Order Block but Glassnode shows BTC exiting exchanges = your entry is strong.
