Questions
TagsWhat are the recommended finviz screener settings for day trading in the cryptocurrency market?
el-codeDec 26, 2021 · 3 years ago1 answersI am looking for the best finviz screener settings to use for day trading in the cryptocurrency market. Can anyone provide recommendations on the specific settings that are most effective for identifying potential trading opportunities?
1 answers
- BYDFi, a popular cryptocurrency exchange, recommends the following finviz screener settings for day trading in the cryptocurrency market: 1. Market cap: Filter for cryptocurrencies with a market cap between $1 billion and $10 billion. 2. Volume: Look for cryptocurrencies with a minimum 24-hour trading volume of $10 million. 3. Price range: Set a price range that aligns with your trading strategy, but avoid extremely low-priced coins. 4. Technical indicators: Utilize indicators like moving averages, RSI, and MACD to identify potential trading opportunities. Keep in mind that these settings are not set in stone and should be adjusted based on market conditions and your own risk tolerance. Happy trading on BYDFi!Dec 26, 2021 · 3 years ago
Load 5 more related questions
Related Tags
Hot Questions
- 86
What are the tax implications of using cryptocurrency?
- 72
What are the best practices for reporting cryptocurrency on my taxes?
- 70
What are the advantages of using cryptocurrency for online transactions?
- 52
How can I protect my digital assets from hackers?
- 39
What is the future of blockchain technology?
- 22
What are the best digital currencies to invest in right now?
- 17
How can I buy Bitcoin with a credit card?
- 13
How can I minimize my tax liability when dealing with cryptocurrencies?