A Crypto Scanner, wil it work and make life easy?

In a previous post I told you about the overstrained crypto market in the Netherlands. Exchanges that are no longer allowed to operate on the Dutch market, so my 'balancing bot' was also over. So I was a bit orientated on other ways to trade crypto where convenience is paramount. That is how I came across the Crypto Coiners Scanner. Crytpo Coiners is a Dutch Crypto community that I have been following passively for a while. They have a lot of Podcasts that I listen to in the car on a regular basis where you go a little deeper into the markets and some of the strategies. The give clinics and courses. That's how I ended up with the balancing bot.

I had heard about the CC Scanner before, in the podcasts, but never really delved into it. They kept talking about the "Crypto Coiners Strategy with the scanner". I took a look at it anyway and bought it for 1 month to see if it would help me and actively participate.

Just a disclaimer, this is not a post to promote Crypto Coiners but purely to share my first experience with the scanner.

What is the scanner?
The scanner is a kind of Bot that runs on Telegram and that actually scans hundreds of charts looking for the right entry points of different coins and on different exchanges. So basically the scanner is an automated bot that monitors when it is best to buy in certain coins or coin pairs. No doubt it won't be new or original, but this is the first time I read of such a bot.

They have three subscription types to use the Scanner (Bronze, Silver and Gold) all with the pros and cons, of course the gold version offers the most options and possibilities. The price is, in my opinion, not too bad, only that it is based on paying a year in advance, I did not want that (because I do not know if it is really something for me) and therefore closed for a month, that was immediately a much more expensive (31 eur) than if you paid a year in advance (15.71 eur). So when I like it I will close for a year.

When you take out the subscription you will be assigned a unique code and a bot, this bot is in a Telegram channel and you are the only one who can access it. You can interact with the bot in a natural way, which makes it look a bit like a chatbot that you also encounter on websites.

You can completely configure the bot to your own needs and wishes. By default there are already some 'best pactice' settings to get started quickly (if you want to). I went through the setup, both to process my own wishes in the settings, but also to immediately get some skill in the Scanner.

The point is that based on the settings you want to use, the Scanner throws out a notification, which is automatically placed in the telegram chat of your bot.

If you look at the image above you will see a 'standard' message that you will see, you will see the:

1. Interval [5] (minutes) from the chart
2. The relevant coin pair based on your preferred currency.
3. The maximum amount (recommendation) you should invest at that entry point.

Point three is advice where it may be possible that if you invest more than indicated, you will stay in a trade for too long or that you can influence the price yourself. (according to Crypto Coiners)

The bot is made available by default with a set of settings based on the "Crypto Coiners" strategy. The Crypto Coiners Strategy works based on indicators, these indicators are the Bollinger Bands, the Stochastic Oscillator and the volume of the last series of candlesticks .

Pretty abacadabra for me, but with the right manual I'm starting to understand (and like) it more and more.

For example, it is possible to select several base coins, from which you want to receive notifications. These are for now:

• Bitcoin
• USDT
• USD
• ETH
• BNB
• TUSD

So in itself there is something for everyone to find / choose.

When the BOT is working, if applicable based on your settings, you will receive notifications with potential entry points. You can do something with this (get in) or not, you let the message go. When you receive a lot of notifications (especially in a volatile market) you can also pause the scan, then you will not receive any notifications at all.

So today I tried to configure the scanner according to my wishes and already got some notifications and acted on it. What I find difficult is that you can then step in, so buy the coin, but then you have to choose when you sell it again. Fortunately, they have a large community and a special telegram group for scanner users, so I asked the question there. It's a bit of a rule that they sell again with a profit of 0.7 %, which seems very little to me... But I don't have any experience with the scanner and the resulting actions :)

I'll keep you informed,

Take care,

Peter