Which tradingview screener settings should I use to identify potential breakout coins in the cryptocurrency market?

3 answers

• Dec 25, 2021 · 3 years ago
  To identify potential breakout coins using TradingView screener, you can start by setting the volume filter to a minimum value to ensure you're looking at coins with sufficient trading activity. Additionally, you can use the price filter to focus on coins within a specific price range that you're comfortable with. Lastly, consider adding technical indicators like Bollinger Bands or Moving Averages to help identify potential breakouts based on price patterns and trends. Remember to experiment with different settings and adjust them based on your trading strategy and risk tolerance.
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• Dec 25, 2021 · 3 years ago
  When using TradingView screener to identify potential breakout coins, it's important to consider the time frame you're analyzing. Shorter time frames like 1-hour or 4-hour charts may provide more frequent breakout signals, but they can also be more volatile. On the other hand, longer time frames like daily or weekly charts may offer more reliable breakout signals, but they may occur less frequently. It's a trade-off between frequency and reliability. Additionally, consider using screener settings that filter for coins with high relative volume and positive price momentum to increase the probability of identifying potential breakout candidates.
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• Dec 25, 2021 · 3 years ago
  At BYDFi, we recommend using TradingView screener to identify potential breakout coins in the cryptocurrency market. Start by setting the volume filter to a minimum value to ensure you're looking at coins with sufficient trading activity. Then, apply technical indicators like RSI or MACD to identify coins that are potentially overbought or oversold. Lastly, consider adding filters for price patterns like ascending triangles or bull flags to identify coins that may be on the verge of a breakout. Remember to backtest your strategy and adjust your settings based on market conditions and your risk tolerance.
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