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Which tradingview forex screener settings are most effective for identifying potential cryptocurrency investments?

avatarBehrens RiddleDec 29, 2021 · 3 years ago3 answers

When using the tradingview forex screener, what specific settings should I use to effectively identify potential cryptocurrency investments? I want to make sure I'm using the right criteria to filter and analyze the data.

Which tradingview forex screener settings are most effective for identifying potential cryptocurrency investments?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    To effectively identify potential cryptocurrency investments using the tradingview forex screener, you should consider using the following settings: 1. Market: Select the cryptocurrency market you're interested in. 2. Timeframe: Choose a timeframe that suits your investment strategy, such as daily or weekly. 3. Volume: Set a minimum volume threshold to ensure the cryptocurrencies you're considering have sufficient liquidity. 4. Technical Indicators: Utilize popular indicators like moving averages, RSI, MACD, or Bollinger Bands to identify trends and potential entry/exit points. 5. Price Action: Look for specific price patterns or candlestick formations that indicate potential buying or selling opportunities. Remember, these settings are just a starting point. It's important to continuously refine and adjust them based on your own research and trading preferences.
  • avatarDec 29, 2021 · 3 years ago
    When using the tradingview forex screener to identify potential cryptocurrency investments, it's crucial to focus on the right settings. Here are some effective settings to consider: 1. Market: Choose the cryptocurrency market you're interested in, such as Bitcoin, Ethereum, or altcoins. 2. Timeframe: Select a timeframe that aligns with your investment goals, whether it's short-term or long-term. 3. Volume: Set a minimum volume requirement to ensure sufficient liquidity and avoid illiquid cryptocurrencies. 4. Technical Indicators: Utilize indicators like moving averages, RSI, or MACD to identify trends and potential buying/selling opportunities. 5. Fundamental Analysis: Consider incorporating fundamental factors like project team, partnerships, and market news to evaluate the potential of a cryptocurrency. By using these settings, you can narrow down your options and focus on cryptocurrencies that have the potential for growth.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to identifying potential cryptocurrency investments using the tradingview forex screener, there are a few settings that can be effective. Here's what you can try: 1. Market: Select the cryptocurrency market you're interested in, such as BTC/USD or ETH/BTC. 2. Timeframe: Choose a timeframe that suits your trading style, whether it's short-term or long-term. 3. Volume: Set a minimum volume threshold to ensure the cryptocurrencies you're considering have sufficient trading activity. 4. Technical Indicators: Utilize popular indicators like moving averages, RSI, or MACD to identify trends and potential entry/exit points. 5. Social Sentiment: Consider incorporating social media sentiment analysis to gauge market sentiment towards specific cryptocurrencies. Remember, these settings are not a guarantee of success. It's important to conduct thorough research and analysis before making any investment decisions.