How to Use HitBTC’s TradingView Screener to Find Profitable Trades

Introduction

Trading cryptocurrencies can be a profitable venture if done right. However, finding the right trades among thousands of available options can be overwhelming. That’s where HitBTC’s TradingView Screener comes in. In this blog post, we will walk you through how to use HitBTC’s TradingView Screener to identify profitable trades and maximize your chances of success.

What is HitBTC’s TradingView Screener?

HitBTC’s TradingView Screener is a powerful tool that allows traders to filter and screen through a vast number of trading pairs based on specific criteria. The Screener helps you narrow down your search to find trades that match your preferred technical indicators and other essential parameters.

Step 1: Accessing HitBTC’s TradingView Screener

To access HitBTC’s TradingView Screener, you need to have an account on HitBTC. Once logged in, click on the ‘Screener’ tab located in the top menu. This will take you to the TradingView Screener page.

Step 2: Customizing Your Search Criteria

On the TradingView Screener page, you’ll find various filters that you can customize to refine your search. These filters include trading pair, exchange, volume, price, volatility, and many more. Adjust these parameters according to your trading strategy and preferences to narrow down the results.

Step 3: Analyzing the Results

After customizing your search criteria, click on the ‘Find’ button. TradingView Screener will display a list of trading pairs that match your filters. Analyze the results by examining the charts, technical indicators, and other relevant data provided. Look for trends, patterns, and potential entry and exit points based on your trading strategy.

Step 4: Further Research and Due Diligence

Once you have identified a few potential trades, it’s crucial to perform additional research and due diligence. Look for news, market sentiment, and fundamental analysis to support your trade decisions. Remember, while TradingView Screener provides valuable information, it’s always prudent to conduct thorough research before making any trading decisions.

Frequently Asked Questions (FAQs)

Q: Is HitBTC’s TradingView Screener suitable for beginners?

A: Yes, TradingView Screener is user-friendly and suitable for traders of all levels. However, beginners should educate themselves on technical analysis and trading concepts to make more informed decisions.

Q: Can I use TradingView Screener for other exchanges?

A: No, HitBTC’s TradingView Screener is specifically designed for HitBTC exchange. However, other exchanges may have similar tools or screeners available.

Q: Are the results provided by TradingView Screener guaranteed to be profitable trades?

A: No, TradingView Screener is a tool that helps you filter potential trades based on your criteria. It’s essential to perform further analysis, research, and consider your risk tolerance before executing any trades.

Q: What technical indicators are available on TradingView Screener?

A: TradingView Screener offers a wide range of technical indicators such as moving averages, RSI, MACD, Bollinger Bands, and many more. You can select and customize the indicators based on your trading strategies.

With HitBTC’s TradingView Screener, you can save time and effort in finding profitable trades by utilizing its powerful filtering capabilities. Remember to combine the results with additional research and due diligence before executing any trades. Happy trading!

Disclaimer: The information provided in this blog post is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies involves risks, and readers should do their own research and consult with a professional investment advisor before making any investment decisions.