Altcoin Market Scorecard (AMS) – User Guide

COMPLETE SETUP & CONFIGURATION MANUAL

PREREQUISITES & INITIAL SETUP

Before beginning, ensure you have:

• A TradingView account (minimum Essential, preferably Plus+)
• Active Blockcircle subscription

Account Integration Process

1. TradingView Account Creation -> 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 “Blockcircle_Trader1234”, this exact format must be used everywhere.
2. Blockcircle Integration Visit blockcircle.com/account and enter your TradingView username exactly as registered. The system performs case-sensitive matching – “Blockcircle_Trader1234” will not match “blockcircle_trader1234”. After entering your username, you’ll receive access to the Blockcircle AMS – Altcoin Market Scorecard.
3. Accessing Your Trading Chart -> Once logged into TradingView, click “Chart” in the top navigation menu. You’ll see a default chart appear. To change the trading pair, click the symbol in the top-left corner (usually showing “AAPL” or another default). Type your desired pair, such as “BTCUSDT,” and select the appropriate exchange (BINANCE, COINBASE, KRAKEN, etc.).
4. Timeframe Selection Above the chart, you’ll see timeframe options (1m, 5m, 15m, 1h, 4h, D, W, M).
5. Adding Blockcircle AMS – Altcoin Market Scorecard to Your Chart -> Click the “Indicators” button (looks like ƒx) at the top of your chart. In the search window that appears, navigate to the “Invite-Only” tab. You should see “Blockcircle AMS – Altcoin Market Scorecard” if your account has been granted access. Click on it once to add it to your chart. 

Overview

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.

Section-by-Section Guide

Header Section

• Timeframe Labels: Shows active timeframes (e.g., 1H, 1D, 1W)
• Chart: Uses current chart timeframe
• Ago: Indicates prior period comparison (useful for momentum analysis)

Input Tab Section

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.

 

Market Metrics Section

This section displays 11 proprietary indicators using a traffic light system:

• 🟢 Green: Favorable for altcoins
• 🟠 Orange: Mixed/Neutral signal
• 🔴 Red: Unfavorable for altcoins

Key Metrics to Watch:

• M1 (BTC.D): Bitcoin dominance – When red, altcoins typically underperform
• M3 (BTC/USD): Bitcoin strength – Green helps mini altcoin seasons
• M6 (Stable.D): Stablecoin dominance – Green indicates money flowing into risk assets
• M9 (vs Russell): Crypto vs small-cap stocks – Green shows crypto outperformance

 

Signal Counts Section

Provides a quick visual summary of market conditions:

• Bullish Count >7: Strong altcoin conditions
• Neutral Count >5: Market indecision, wait for clarity
• Bearish Count >7: Consider defensive positioning

Altcoin Scores Section

Score Interpretation:

• 80-100: Very Bullish – Aggressive altcoin positioning warranted
• 60-79: Bullish – Favorable for altcoin exposure
• 40-59: Neutral – Selective positioning, focus on quality
• 20-39: Bearish – Reduce altcoin exposure
• 0-19: Very Bearish – Defensive stance recommended

Bias Field: Provides plain-language interpretation of the score

 

Set Timeframes

 

Statistical Analysis Section

Min/Max/Avg

• Shows historical range over the lookback period
• If the current score is near the maximum (Max), the market may be overextended
• If the current score is near the minimum (Min), there is a potential reversal opportunity
• Average (Avg) provides a baseline for comparison

Median

• More stable than average, less affected by extremes
• Score above median = Better than typical conditions
• Score below median = Worse than typical conditions

Standard Deviation (Std Dev)

• Measures score variability in absolute points
• High Std Dev (>15): Volatile market conditions
• Low Std Dev (<10): Stable market conditions

Volatility %

• Normalized volatility as percentage of average
• <20%: Low volatility, trends likely to continue
• 20-30%: Normal volatility
• >30%: High volatility, expect rapid changes

P(Score>50/60/70)

• Historical probability of bullish conditions
• P(Score>60) >70%: Historically bullish timeframe
• P(Score>60) <30%: Historically bearish timeframe
• Use for risk sizing: Higher probability = larger position sizes acceptable

Momentum Analysis Section

Bars > 60

• Consecutive periods above the bullish threshold
• >5 bars: Strong sustained momentum
• 3-5 bars: Establishing trend
• <3 bars: Early or weak momentum

Color Coding:

• Green: Strong momentum (>5 bars)
• Yellow: Building momentum (3-5 bars)
• Gray: Weak/no momentum (<3 bars)

Momentum

• First number: Score change from previous bar
• Positive (+): Improving conditions
• Negative (-): Deteriorating conditions
• Trend label:
  • “Rising”: 5-bar average > 10-bar average (accelerating)
  • “Falling”: 5-bar average < 10-bar average (decelerating)
  • “Flat”: No clear trend

Trading Implications:

• +5.0 Rising: Momentum accelerating, trend likely to continue
• -3.0 Falling: Momentum deteriorating, consider reducing exposure
• +2.0 Flat: Improvement but no clear trend yet

Analysis Section

Chart Indicator

• Color-coded dots matching plot lines on chart
• Helps identify which timeframe each plotted line represents

Market Summary

• Plain-language interpretation across all timeframes
• ST (Short-term): intraday to few days
• MT (Mid-term): Days to weeks
• LT (Long-term): Weeks to months

Trading Strategies

Trend Following

• All timeframes bullish: Maximum altcoin exposure
• Mixed signals: Reduce position sizes
• All timeframes bearish: Move to stablecoins/BTC

Mean Reversion

• Score significantly below average with improving momentum: potential accumulation opportunity
• Score significantly above average with declining momentum: consider taking profits and waiting for a 1-week confirmation to derisk

Risk Management

• Use Volatility % to size positions (lower volatility = larger positions)
• Use probability metrics for confidence levels
• Monitor “Bars > 60” for trend exhaustion (>10 bars may indicate overbought)

Alert Setup

1. Set alerts when score crosses key thresholds (60 for bullish, 40 for bearish)
2. Monitor momentum changes (positive to negative or vice versa)
3. Watch for extreme readings (>90 or <10) for reversal opportunities