What are the best strategies for using the thinkorswim scanner in cryptocurrency day trading?
Can you provide some effective strategies for using the thinkorswim scanner in cryptocurrency day trading? I want to maximize my trading opportunities and make informed decisions based on the scanner's results. What are some key features and settings I should focus on? How can I use the scanner to identify potential trading opportunities and filter out irrelevant data?
1 answers
- SNADEJan 17, 2023 · 3 years agoUsing the thinkorswim scanner for cryptocurrency day trading can be a game-changer. With the scanner's advanced features, you can quickly identify potential trading opportunities and filter out irrelevant data. One effective strategy is to focus on scanning for cryptocurrencies with high trading volume and price volatility. These are often the ones that offer the best short-term trading opportunities. Additionally, consider using technical indicators like the relative strength index (RSI) and moving averages to identify potential entry and exit points. Remember, the key is to constantly refine your scanner settings and adapt to changing market conditions. Happy trading!
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