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What are some tips for effectively using finviz gap scanner in the cryptocurrency market?

avatarKoreanWolfNov 27, 2021 · 3 years ago5 answers

Can you provide some tips on how to effectively use the finviz gap scanner in the cryptocurrency market? I'm looking for ways to optimize my trading strategy and take advantage of any potential gaps in the market.

What are some tips for effectively using finviz gap scanner in the cryptocurrency market?

5 answers

  • avatarNov 27, 2021 · 3 years ago
    Sure! When using the finviz gap scanner in the cryptocurrency market, it's important to set specific criteria for the gaps you're interested in. You can filter by price, volume, and other indicators to narrow down the results. Additionally, make sure to regularly check the scanner for new gaps and act quickly when you spot a potential opportunity. Remember to do your own research and analysis before making any trading decisions.
  • avatarNov 27, 2021 · 3 years ago
    Using the finviz gap scanner in the cryptocurrency market can be a great way to find potential trading opportunities. One tip is to focus on gaps that occur after significant news or events in the crypto space. These gaps often indicate a strong market reaction and can present profitable trading opportunities. However, it's important to note that not all gaps are created equal, so it's crucial to analyze the underlying factors and market conditions before making any trades.
  • avatarNov 27, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that offers a variety of trading tools, including the finviz gap scanner. With the finviz gap scanner, you can easily identify price gaps in the cryptocurrency market and take advantage of potential trading opportunities. It's important to note that trading cryptocurrencies carries a high level of risk, and it's always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
  • avatarNov 27, 2021 · 3 years ago
    When using the finviz gap scanner in the cryptocurrency market, it's important to keep in mind that it's just one tool in your trading arsenal. While it can help you identify potential gaps and trading opportunities, it should not be the sole basis for your trading decisions. It's important to combine the information from the scanner with other technical and fundamental analysis to make well-informed trading decisions. Remember, the cryptocurrency market is highly volatile, so always trade with caution.
  • avatarNov 27, 2021 · 3 years ago
    The finviz gap scanner is a powerful tool for identifying gaps in the cryptocurrency market. One tip for effectively using it is to set up custom alerts based on your specific criteria. This way, you'll be notified whenever a new gap that meets your criteria is detected. Additionally, it's important to regularly review and adjust your criteria as market conditions change. By staying proactive and using the finviz gap scanner strategically, you can increase your chances of finding profitable trading opportunities in the cryptocurrency market.