Economic releases are reports from governments or banks that share key data about the economy. For example, the Fed Interest Rate announcement tells us if borrowing money will cost more or less. Other releases like CPI show if prices for goods are going up, and PPI tracks costs for producers. These reports come out on set dates and can surprise people if the numbers are higher or lower than expected.
When these releases hit, crypto markets can shake hard. Traders react fast to the news, buying or selling coins like BTC right away. This causes big price swings, as seen in the chart where BTC dropped sharply after the Fed rate release. Volatility spikes because everyone tries to guess what the data means for the future, leading to quick ups and downs in prices.
Clometrix helps you prepare for these moments by forecasting the possible high and low points based on past releases. Instead of guessing, you get clear charts to spot limits in the chaos. This way, you can trade smarter and stay ahead.
Setup your subscription by choosing Tier 1, Tier 2, and Tier 3 economic events, along with the cryptocurrencies you wish to track. Your selected events and cryptos can be updated periodically, based on your plan's flexibility.
Tier 1 events are those with the highest historical impact on market volatility, while Tier 3 events, though typically milder, have often caused significant swings.
We're planning to add more economic events from various countries and additional cryptocurrencies soon, expanding your options even further.
Once set up, pick a specific event like CPI or FOMC and a cryptocurrency like BTC or XRP to create your forecast. Customize it by choosing how many past releases to analyze or filter for price changes.
Clometrix then generates a minute-by-minute chart with clear highs, lows, and trends, powered by accurate market data from Binance. Use this to predict swings with confidence and plan your next move.
Unlock precise insights tailored to your trading style.
Review your forecast’s detailed chart to spot volatility limits and decide your next trade. Use the highs, lows, and trends to set entry points or manage risks with confidence.
Clometrix gives you the upper hand in beating market swings, turning data into winning strategies. Take control of your trades with our powerful tool.
Start gaining your edge today. Sign up now to trade smarter with Clometrix!