Are there any unusual volume scanner strategies specifically designed for cryptocurrency traders?

3 answers

• Nov 24, 2021 · 3 years ago
  Absolutely! One unusual volume scanner strategy that cryptocurrency traders can use is the 'volume divergence' strategy. This strategy involves comparing the volume of a particular cryptocurrency with its price movement. If the price is moving in one direction while the volume is moving in the opposite direction, it could indicate a potential reversal or trend change. Traders can use this information to make informed trading decisions.
  439220
• Nov 24, 2021 · 3 years ago
  Sure thing! Another unique volume scanner strategy for cryptocurrency traders is the 'volume spike' strategy. This strategy involves monitoring sudden spikes in trading volume for a particular cryptocurrency. These volume spikes often indicate increased market activity and can be a sign of significant price movements. Traders can use this strategy to identify potential breakout or breakdown opportunities.
  408136
• Nov 24, 2021 · 3 years ago
  As a representative from BYDFi, I can tell you that our platform offers a variety of volume scanner strategies specifically designed for cryptocurrency traders. One such strategy is the 'volume profile' strategy, which involves analyzing the volume distribution across different price levels. This can help traders identify areas of support and resistance and make more accurate trading decisions. Additionally, our platform also provides real-time volume alerts and customizable volume indicators to further enhance your trading experience.
  541136