Altcoin Market Scorecard (AMS) - User Guide

<h3><strong>COMPLETE SETUP &amp; CONFIGURATION MANUAL</strong></h3> <h4>PREREQUISITES &amp; INITIAL SETUP</h4> <p>Before beginning, ensure you have:</p> <ul> <li>A <a href="https://www.tradingview.com/pricing/">TradingView account</a> (minimum Essential, preferably Plus+)</li> <li>Active <a href="https://blockcircle.com/pricing">Blockcircle subscription</a></li> </ul> <p><strong>Account Integration Process</strong></p> <ol> <li>TradingView Account Creation -&gt; Navigate to TradingView.com and create your account. Choose a username carefully, as this will be permanent and case-sensitive. Write down your exact username, including any numbers, underscores, or capital letters. For example, if you register as &#8220;Blockcircle_Trader1234&#8221;, this exact format must be used everywhere.</li> <li>Blockcircle Integration Visit blockcircle.com/account and enter your TradingView username exactly as registered. The system performs case-sensitive matching &#8211; &#8220;Blockcircle_Trader1234&#8221; will not match &#8220;blockcircle_trader1234&#8221;. After entering your username, you&#8217;ll receive access to the Blockcircle AMS &#8211; Altcoin Market Scorecard.</li> <li>Accessing Your Trading Chart -&gt; Once logged into TradingView, click &#8220;Chart&#8221; in the top navigation menu. You&#8217;ll see a default chart appear. To change the trading pair, click the symbol in the top-left corner (usually showing &#8220;AAPL&#8221; or another default). Type your desired pair, such as &#8220;BTCUSDT,&#8221; and select the appropriate exchange (BINANCE, COINBASE, KRAKEN, etc.).</li> <li>Timeframe Selection Above the chart, you&#8217;ll see timeframe options (1m, 5m, 15m, 1h, 4h, D, W, M).</li> <li>Adding Blockcircle AMS &#8211; Altcoin Market Scorecard to Your Chart -&gt; Click the &#8220;Indicators&#8221; button (looks like ƒx) at the top of your chart. In the search window that appears, navigate to the &#8220;Invite-Only&#8221; tab. You should see &#8220;Blockcircle AMS &#8211; Altcoin Market Scorecard&#8221; if your account has been granted access. Click on it once to add it to your chart. </li> </ol> <figure><img src="/images/content/image-17.png" alt="" /></figure> <h3><strong>Overview</strong></h3> <p>The Blockcircle AMS is a comprehensive multi-timeframe analysis tool that provides real-time market sentiment for altcoins by analyzing 11 critical market relationships across multiple timeframes simultaneously.</p> <figure><img src="/images/content/image-18-1024x670.png" alt="" /></figure> <h3><strong>Section-by-Section Guide</strong></h3> <h4><strong>Header Section</strong></h4> <ul> <li>Timeframe Labels: Shows active timeframes (e.g., 1H, 1D, 1W)</li> <li>Chart: Uses current chart timeframe</li> <li>Ago: Indicates prior period comparison (useful for momentum analysis)</li> </ul> <h4><strong>Input Tab Section</strong></h4> <p>You can adjust the timeframes to 1-hour / 1-day / 1-week / 1-week ago as well, OR if you want a longer term view, you can set it to 1-day / 1-week / 1-month / 1-month ago, that would give you the full picture from multiple angles.</p> <figure><img src="/images/content/image-19-481x1024.png" alt="" /></figure> <p>&nbsp;</p> <h4><strong>Market Metrics Section</strong></h4> <p><strong>This section displays 11 proprietary indicators using a traffic light system:</strong></p> <ul> <li><strong>🟢 Green: Favorable for altcoins</strong></li> <li><strong>🟠 Orange: Mixed/Neutral signal</strong></li> <li><strong>🔴 Red: Unfavorable for altcoins</strong></li> </ul> <p><strong>Key Metrics to Watch:</strong></p> <ul> <li><strong>M1 (BTC.D): Bitcoin dominance &#8211; </strong>When red, altcoins typically underperform</li> <li><strong>M3 (BTC/USD): Bitcoin strength &#8211; </strong>Green helps mini altcoin seasons</li> <li><strong>M6 (Stable.D): Stablecoin dominance &#8211; </strong>Green indicates money flowing into risk assets</li> <li><strong>M9 (vs Russell): Crypto vs small-cap stocks &#8211; </strong>Green shows crypto outperformance</li> </ul> <figure><img src="/images/content/image-22.png" alt="" /></figure> <p>&nbsp;</p> <h4><strong>Signal Counts Section</strong></h4> <p><strong>Provides a quick visual summary of market conditions:</strong></p> <ul> <li><strong>Bullish Count &gt;7: </strong>Strong altcoin conditions</li> <li><strong>Neutral Count &gt;5: </strong>Market indecision, wait for clarity</li> <li><strong>Bearish Count &gt;7: </strong>Consider defensive positioning</li> </ul> <h4><strong>Altcoin Scores Section</strong></h4> <p><strong>Score Interpretation:</strong></p> <ul> <li><strong>80-100</strong><strong>: Very Bullish &#8211; Aggressive altcoin positioning warranted</strong></li> <li><strong>60-79: Bullish &#8211; Favorable for altcoin exposure</strong></li> <li><strong>40-59: Neutral &#8211; Selective positioning, focus on quality</strong></li> <li><strong>20-39: Bearish &#8211; Reduce altcoin exposure</strong></li> <li><strong>0-19: Very Bearish &#8211; Defensive stance recommended</strong></li> </ul> <p><strong>Bias Field: </strong>Provides plain-language interpretation of the score</p> <p>&nbsp;</p> <p><strong>Set Timeframes</strong></p> <figure><img src="/images/content/image-21.png" alt="" /></figure> <p>&nbsp;</p> <h4><strong>Statistical Analysis Section</strong></h4> <p><strong>Min/Max/Avg</strong></p> <ul> <li>Shows historical range over the lookback period</li> <li>If the current score is near the maximum (Max), the market may be overextended</li> <li>If the current score is near the minimum (Min), there is a potential reversal opportunity</li> <li>Average (Avg) provides a baseline for comparison</li> </ul> <p><strong>Median</strong></p> <ul> <li>More stable than average, less affected by extremes</li> <li>Score above median = Better than typical conditions</li> <li>Score below median = Worse than typical conditions</li> </ul> <p><strong>Standard Deviation (Std Dev)</strong></p> <ul> <li>Measures score variability in absolute points</li> <li>High Std Dev (&gt;15): Volatile market conditions</li> <li>Low Std Dev (&lt;10): Stable market conditions</li> </ul> <p><strong>Volatility %</strong></p> <ul> <li>Normalized volatility as percentage of average</li> <li>&lt;20%: Low volatility, trends likely to continue</li> <li>20-30%: Normal volatility</li> <li>&gt;30%: High volatility, expect rapid changes</li> </ul> <p><strong>P(Score&gt;50/60/70)</strong></p> <ul> <li>Historical probability of bullish conditions</li> <li>P(Score&gt;60) &gt;70%: Historically bullish timeframe</li> <li>P(Score&gt;60) &lt;30%: Historically bearish timeframe</li> <li>Use for risk sizing: Higher probability = larger position sizes acceptable</li> </ul> <h4><strong>Momentum Analysis Section</strong></h4> <p><strong>Bars &gt; 60</strong></p> <ul> <li>Consecutive periods above the bullish threshold</li> <li>&gt;5 bars: Strong sustained momentum</li> <li>3-5 bars: Establishing trend</li> <li>&lt;3 bars: Early or weak momentum</li> </ul> <p><strong>Color Coding:</strong></p> <ul> <li>Green: Strong momentum (&gt;5 bars)</li> <li>Yellow: Building momentum (3-5 bars)</li> <li>Gray: Weak/no momentum (&lt;3 bars)</li> </ul> <p><strong>Momentum</strong></p> <ul> <li>First number: Score change from previous bar</li> <li>Positive (+): Improving conditions</li> <li>Negative (-): Deteriorating conditions</li> <li><strong>Trend label:</strong> <ul> <li>&#8220;Rising&#8221;: 5-bar average &gt; 10-bar average (accelerating)</li> <li>&#8220;Falling&#8221;: 5-bar average &lt; 10-bar average (decelerating)</li> <li>&#8220;Flat&#8221;: No clear trend</li> </ul> </li> </ul> <p><strong>Trading Implications:</strong></p> <ul> <li>+5.0 Rising: Momentum accelerating, trend likely to continue</li> <li>-3.0 Falling: Momentum deteriorating, consider reducing exposure</li> <li>+2.0 Flat: Improvement but no clear trend yet</li> </ul> <h4><strong>Analysis Section</strong></h4> <p><strong>Chart Indicator</strong></p> <ul> <li>Color-coded dots matching plot lines on chart</li> <li>Helps identify which timeframe each plotted line represents</li> </ul> <p><strong>Market Summary</strong></p> <ul> <li>Plain-language interpretation across all timeframes</li> <li><strong>ST (Short-term): </strong>intraday to few days</li> <li><strong>MT (Mid-term): </strong>Days to weeks</li> <li><strong>LT (Long-term): </strong>Weeks to months</li> </ul> <h3><strong>Trading Strategies</strong></h3> <h4><strong>Trend Following</strong></h4> <ul> <li><strong>All timeframes bullish: Maximum altcoin exposure</strong></li> <li>Mixed signals: Reduce position sizes</li> <li>All timeframes bearish: Move to stablecoins/BTC</li> </ul> <h4><strong>Mean Reversion</strong></h4> <ul> <li>Score significantly below average with improving momentum: potential accumulation opportunity</li> <li>Score significantly above average with declining momentum: consider taking profits and waiting for a 1-week confirmation to derisk</li> </ul> <h4><strong>Risk Management</strong></h4> <ul> <li>Use Volatility % to size positions (lower volatility = larger positions)</li> <li>Use probability metrics for confidence levels</li> <li>Monitor &#8220;Bars &gt; 60&#8221; for trend exhaustion (&gt;10 bars may indicate overbought)</li> </ul> <h3><strong>Alert Setup</strong></h3> <ol> <li>Set alerts when score crosses key thresholds (60 for bullish, 40 for bearish)</li> <li>Monitor momentum changes (positive to negative or vice versa)</li> <li>Watch for extreme readings (&gt;90 or &lt;10) for reversal opportunities</li> </ol> <figure><img src="/images/content/image-20-485x1024.png" alt="" /></figure>