Are there any specific strategies or filters to consider when setting up a tradingview screener for trading cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  Absolutely! When setting up a tradingview screener for trading cryptocurrencies, there are several strategies and filters that can greatly enhance your trading decisions. One important strategy is to use volume filters to identify cryptocurrencies with high trading volume, as this indicates higher liquidity and increased market interest. Additionally, you can apply technical analysis filters such as moving averages, RSI, or MACD to identify potential trends and reversals. These filters can help you spot entry and exit points for your trades. Another strategy is to use fundamental analysis filters, such as market capitalization or project news, to identify cryptocurrencies with strong fundamentals. By combining these strategies and filters, you can create a powerful tradingview screener that helps you make informed trading decisions.
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• Dec 18, 2021 · 3 years ago
  Setting up a tradingview screener for trading cryptocurrencies requires careful consideration of various strategies and filters. One effective strategy is to use volatility filters to identify cryptocurrencies with high price volatility, as this can present opportunities for profit. Additionally, you can use trend-following filters such as moving averages or Bollinger Bands to identify cryptocurrencies that are in an uptrend or downtrend. These filters can help you ride the trend and maximize your profits. Another important filter to consider is the liquidity filter, which ensures that you trade cryptocurrencies with sufficient trading volume to avoid slippage and ensure smooth execution of your trades. By combining these strategies and filters, you can set up a tradingview screener that aligns with your trading goals and improves your chances of success.
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• Dec 18, 2021 · 3 years ago
  When setting up a tradingview screener for trading cryptocurrencies, BYDFi recommends considering specific strategies and filters to optimize your trading experience. One important strategy is to use price action filters, such as support and resistance levels, to identify key price levels where cryptocurrencies are likely to reverse or continue their trend. Additionally, you can use momentum filters, such as the Relative Strength Index (RSI) or the Stochastic Oscillator, to identify overbought or oversold conditions, which can signal potential trend reversals. Another strategy is to use correlation filters to identify cryptocurrencies that have a strong positive or negative correlation with Bitcoin or other major cryptocurrencies. This can help you diversify your portfolio and manage risk effectively. By implementing these strategies and filters, you can enhance your tradingview screener and make more informed trading decisions.
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