🚨🚨Your biggest mistake is buying bearish tokens. You get carried away by the hype around a token, while thieves have robbed it long ago. You are now just the turkey of the farce! So learn to analyze tokens before buying them. 🧐
## 1️⃣ Analyze the Curves 📈😕🦸
Here we see a massive buy followed by a massive sell. The designers hold the majority of the tokens, so they left with the cash. Those who follow will fight for the crumbs! 🍞
## 2️⃣ Volume Analysis 📊↗️🦧
In this currency, we only observe green bars, indicating purchases that value the currency. Unlike red bars, which devalue it. It's very simple: when it goes up, it's a positive volume; when it goes down, it's a negative volume. Know how to spot them! 🔍
## 🔍 Analysis of Your Portfolio
You need these two tools to spot good tokens and bad tokens. Now, let’s analyze the tokens you carry in your wallet to see if they are good or not.
### 🟢 Neuro🤔🤪😍
Nero is largely showing positive purchase volume, which means it will surely go up in the future. 🚀
### 🐹 HMST🟢😕😕🤣😭
Contrary to popular belief, people buy Hamster. Its purchase volume is also positive, although it is close to that of its sales volume. ⚖️
### 🔴 NOT😅😅
Its sales volume is higher, which means there will be declines in the future. 📉
### 💰 BTC🟢😍😍
Yes, BTC has a higher sales volume. So yes, it is a good token to make profits. 💵
### ⚖️ XRP🔴🤔🤔
It is also in between: it is not necessarily a good or bad token, but the future will tell us. ⏳
## 📊 Token Analysis Tool🕵🕵
If you want to analyze other tokens, no worries! I can provide you with the source code that I use to perform this analysis. This will allow you to immediately see if a token is good or bad over a day or several years, because you also have to consider the long-term performance, not just the present moment.
```pinescript
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0
// © jeromehorus
//@version=5
indicator("Token Inspector Positive/Negative Volume Indicator", overlay=false)
// Parameters
length = input(14, title="Length of the period")
// Calculate the volume
volume_purchase = (close > open) ? volume : 0 // Volume of bullish candles
volume_vente = (close < open) ? volume : 0 // Volume of bearish candles
// Sum of positive and negative volumes over the given period
sum_volume_purchase = math.sum(volume_purchase, length)
sum_volume_vente = math.sum(volume_vente, length)
// Token evaluation
is_good_token = sum_volume_achat > sum_volume_vente ? true : false
// Displaying results
plot(sum_volume_achat, color=color.green, title="Volume Positif", linewidth=2)
plot(sum_volume_vente, color=color.red, title="Volume Négatif", linewidth=2)
// Indication on the graph
bgcolor(is_good_token ? color.new(color.green, 90) : color.new(color.red, 90), title="Évaluation du Token")
// Display status as text on the chart
label.new(bar_index, na, is_good_token ? "Bon Token" : "Mauvais Token", color=is_good_token ? color.green : color.red, style=label.style_label_down, textcolor=color.white, size=size.small)
