Cryptocurrency trading has gained significant traction in recent years, and platforms like TradingView have revolutionized the way traders approach the market. One of the most beneficial tools on TradingView is its crypto pairs screener, which simplifies trading decisions for both Bitcoin pairs and altcoin trading.
In this article, we’ll explore how TradingView’s crypto pairs screener helps traders enhance their strategies and make informed decisions in the volatile world of cryptocurrency.
What is the Crypto Pairs Screener?
TradingView’s crypto pairs screener is a feature that allows traders to scan, filter, and evaluate various cryptocurrency pairs across different exchanges. Whether you are focusing on Bitcoin trading or altcoin trading, the screener is designed to provide real-time data, offering a comprehensive overview of the crypto market.
The screener’s advanced filtering options allow users to narrow down cryptocurrency pairs based on different metrics like price, volume, market capitalization, and performance indicators. This becomes a powerful tool for traders looking to spot profitable opportunities in both Bitcoin pairs and other digital assets.
Also Read: Use Crypto Coins Screener to Diversify Your Crypto Portfolio
Key Features of the Crypto Pairs Screener
Here is the some keyfeatures of the Crypto Pairs Screener
Filtering by Quote Currency
- One of the standout features of TradingView’s crypto pairs screener is its ability to filter by quote currency. This feature is particularly useful for traders who want to focus solely on Bitcoin pairs or altcoin trading in relation to popular currencies like BTC, ETH, or USD.
- For example, if you are interested in trading pairs that are quoted in Bitcoin, you can easily set the filter to display only those pairs. This narrows down the available options, allowing you to make more targeted trading decisions.
Volume Filters
- Another critical feature is the volume filter, which helps traders identify crypto pairs with substantial trading activity. Volume is an essential metric in cryptocurrency trading because higher volumes typically indicate stronger liquidity and more reliable price movements.
- For instance, if you set the screener to display crypto pairs with a minimum volume of 5 million USD, you’ll reduce your search to the most actively traded pairs. This helps in finding opportunities that are less prone to price manipulation.
Technical Indicators Integration
- TradingView’s crypto pairs screener is seamlessly integrated with technical indicators, such as Bollinger Bands, Moving Averages, and Relative Strength Index (RSI). This integration allows traders to quickly assess the technical health of a cryptocurrency pair without needing to manually apply these indicators to each chart.
- The screener enables you to apply these filters in real-time, showing you which pairs are potentially overbought, oversold, or trending. This makes it easier to spot entry and exit points for both Bitcoin pairs and altcoins.
Customizable Screener Templates
- TradingView’s platform allows users to create and save customized screener templates based on their specific trading preferences. This feature is particularly beneficial for traders who focus on specific pairs, such as Bitcoin pairs or altcoins.
- Custom templates enable users to set up the screener for different strategies, whether you’re day trading or investing long-term. You can save your preferred indicators, volume filters, and quote currencies for easy access in future trading sessions.
How to Use the Crypto Pairs Screener for Bitcoin and Altcoins
TradingView’s crypto pairs screener can significantly enhance your trading strategy if used correctly. Here’s a step-by-step guide on how to use the screener to optimize your trading in both Bitcoin pairs and altcoin trading.
1. Set Your Base Currency
- The first step in utilizing the screener is selecting your base currency. Whether you are focusing on Bitcoin pairs or altcoins, the ability to filter pairs based on your preferred quote currency (BTC, ETH, or USD) helps streamline your search.
- Simply go to the filter section and type in your desired quote currency to see pairs quoted in that currency. This feature alone can reduce thousands of crypto pairs down to a more manageable number.
2. Apply Volume and Technical Filters
- Once you have set the base currency, apply volume filters to focus on liquid pairs. You can also add technical indicators like Bollinger Bands or Moving Averages to filter out pairs that meet specific technical criteria.
- This approach allows you to identify crypto pairs that have high trading activity and meet your technical analysis strategy. It’s particularly useful for spotting altcoin trading opportunities that may be overlooked in a broad market analysis.
3. Analyze and Monitor the Results
- After setting up the filters, you can analyze the results to identify potential trading opportunities. TradingView allows you to monitor these pairs in real-time, providing up-to-date information on price movements, volume, and technical indicators.
- Additionally, you can save your filtered pairs to a watchlist, enabling you to keep track of them and make timely trading decisions.
Also Read: Best Cryptocurrencies For Day Trading Using Crypto Screener
Advantages of Using TradingView’s Crypto Pairs Screener
Here are the Advantages of Using TradingView’s Crypto Pairs Screener:
1. Wide Range of Pairs
With over 15,000 cryptocurrency pairs available for screening, TradingView offers unparalleled access to the crypto market. Whether you are focusing on Bitcoin pairs or altcoin trading, you have the flexibility to scan and analyze a broad range of assets.
2. Real-Time Data
TradingView provides real-time data updates, ensuring that you’re always making trading decisions based on the most recent information. This is crucial in the fast-paced world of cryptocurrency, where prices can change within seconds.
3. Seamless Integration with TradingView’s Charting Tools
The crypto pairs screener is fully integrated with TradingView’s renowned charting tools. This integration allows for a seamless transition from screening potential pairs to analyzing them in detail on customizable charts. The ability to overlay indicators, compare assets, and backtest strategies makes TradingView a comprehensive platform for crypto traders.
Conclusion
TradingView’s crypto pairs screener is an invaluable tool for both seasoned and beginner cryptocurrency traders. Whether you’re trading Bitcoin pairs or diving into altcoin trading, the screener provides advanced filtering options, real-time data, and seamless integration with TradingView’s charting tools.
By using features such as quote currency filters, volume filters, and technical indicators, you can streamline your trading process and identify profitable opportunities with ease.
Trading in the volatile world of cryptocurrency requires the right tools, and TradingView’s crypto pairs screener is one of the best platforms
