Best Cryptocurrency Scanners

The post Best Cryptocurrency Scanners by Charles Munyi appeared first on Benzinga. Visit Benzinga to get more great content like this.

Want to jump straight to the answer? Some of the best places to track cryptocurrency are Crypto.com, Tradingview and Altrady.

With lots of rumbling and uncertainty rocking the crypto market, there’s no better time to get the help of a crypto market scanner than now. But if you’re a rookie, the first few months of buying and selling cryptos on an exchange can be a struggle. You must manually analyze price movements and sacrifice a lot of time understanding markets.

Fortunately, you no longer have to spend your valuable time trying to figure out the perfect time to make a trade. A cryptocurrency market scanner can help spot activity and movement across crypto exchanges, notifying you of certain price movements so you can trade accordingly. Learn more about crypto scanners with our guide.

Quick Look: The Best Crypto Scanners

• TradingView
• Crypto.com
• Altrady
• Cointelegraph Markets Pro
• Cryptoview
• CryptoAlerts

Best Crypto Scanners Right Now

It’s now easier than ever to incorporate crypto scanners in your strategy and make informed trading decisions. Here are some of Benzinga’s favorite crypto scanners.

TradingView

Powerful enough for advanced traders and intuitive enough for beginners, TradingView boasts stellar charting tools you can use to share and view trading ideas. Its real-time data and browser-based charts allow you to do your research from anywhere — no complex installations or setups are needed. From looking up the latest prices to analyzing complex price patterns, TradingView has got your back.

The platform comes with hundreds of pre-built studies, more than 50 intelligent drawing tools and a handful of tools for in-depth market analysis. Trading alerts couldn’t get any more flexible, powerful and easy to use. Cloud-based, available on any device and powered by Pine Script programming language, you’ll never miss a trade.

The TradingView platform is also reliably connected to hundreds of data feeds with unfiltered access to Bitcoin and other cryptocurrencies. Add professional news and financial data to the mix and you have a behemoth of coverage not available on any other platform.

Crypto.com

If you aren’t looking to manage several accounts for investing, trading, earning interest and tracking cryptocurrencies, then Crypto.com is the application for you. Not only can you track hundreds of cryptocurrency price movements and price targets directly on the Crypto.com app, but you can also trade on its full-featured exchange. The exchange charges competitive fees, and you’ll be saving money on trades compared to Coinbase or other popular exchanges.

Crypto.com also offers interest-bearing accounts to its users. Interest bearing accounts let you accumulate more cryptocurrency tokens over time, and the rates on Crypto.com beat out any traditional bank’s interest rates by a large margin. Open an account with Crypto.com today and you can start earning up to 14% interest on stablecoins pegged to the U.S dollar, and up to 8% APR on other cryptocurrencies.

Altrady

Altrady saves you much time with a simplified platform that not only lets you screen digital assets but also trade them on all exchanges. You’ll never miss a trade all thanks to the platform’s real-time market data that provides real time updates of prices, trades and order book.

To minimize your risk, Altrady also provides trading analytics to provide insight on your crypto trading performance and help you make better trading decisions. This all-in-one platform lets you trade, monitor markets and manage assets across various exchanges. You can also use Altrady’s portfolio manager to monitor the growth of assets you hold in different exchange wallets.

Altrady’s base scanning tool makes finding profitable entry points in the crypto market easier. Its unique algorithms will do spot any price drops below the base 24/7. Just wait for alerts to pop out of your desktop or mobile screen so you can buy at a low price or sell at the right time.

Altrady offers a no obligation, 14-day free trial subscription, after which you can enroll into any of its 3 plans: its Basic plan at $17.64 per month, the Essential plan at $35.34 per month and a Premium plan at $53.04 per month.

Cointelegraph Markets Pro

Cointelegraph Markets Pro is a platform designed for you to find cryptocurrency information and trade at your leisure. The intuitive interface is perfect for both retail and professional traders.

With top-notch token analysis, a Discord server filled with a friendly and informative community, a scoring tool and the ability to gauge Twitter sentiment, you can learn a lot about a cryptocurrency during your research.

For only $99 per month, you can look into any asset you want, switch over to the mobile app and use the proprietary system to learn which cryptocurrencies are soaring and which are falling. Cointelegraph Markets Pro gives you information on volume, outlook real price, tweet volume, elevation and confidence, you can make informed decisions at any time.

CryptoView

CryptoView’s multiple scanning capabilities are backed by its ability to collect real-time data from the largest trading platforms of all crypto markets. Its scanners can detect the best opportunities based on volume, price, RSI variations or Order Book.

Start with its crypto RSI scanner that scouts the global digital currency economy to identify opportunities of overbuys or oversells. You can filter and sort your scan by period, exchange and 24-hour volume. 

Use the crypto price scanner to find markets whose prices are just beginning to rise, while the trade history scanner detects market opportunities by scanning changes in buy and sell volumes.

Download your scan selection output in CSV, and add it to your trading bot’s blacklist or whitelist.

Crypto Alerts

Cryptoalerts delivers the best scan results from 50+ crypto exchanges all thanks to the wide range of filters you can use to identify opportunities. You can filter your searches by performance, price action, most active, volume surgers, new highs, technical indicators and more. After selecting a filter, you’ll receive multiple graphs of trading pairs that satisfy your filtering conditions.

Filters are complemented by an alerts functionality — you’ll be notified instantly when there are any new changes in the market. You can also set customizable alerts like heavily oversold, price target alerts, new weekly high and more. Cryptoalerts avails all these features for free.

What is a Crypto Scanner?

A crypto scanner is a tool you can use to spot activities and track the movement of various crypto assets. Traders can then use these movements as signals to execute different trade orders, which increases your odds of reaping profits. While price and volume are the most basic components to track, crypto scanners will also let you track overbuys and oversells, trade histories and more.

Most crypto scanners also incorporate an alerts functionality that notifies you about any market changing movements as they occur.

Crypto Scanner vs Crypto Screener

The terms crypto scanner and crypto screener are often used interchangeably but don’t always mean the same thing. A crypto scanner is a tool traders use to spot and track activities on exchanges regarding one or multiple crypto assets and provide an alert on the same. A crypto screener lets you filter crypto assets based on user-defined metrics with the goal of finding the best trading opportunities.

Despite the difference, both a crypto scanner and crypto screener can help take the guesswork out of your trading.

Pros and Cons of Crypto Scanners

Crypto scanners can be a great addition to your trading strategy, but you must weigh the pros against the cons to decide if they are a perfect fit for your needs.

How Does a Crypto Scanner Work?

With over 4,000 cryptocurrencies currently available across hundreds of exchanges, it would be almost impossible to catch a coin that’s moving without the right arsenal. Crypto scanners work by quickly looking through crypto exchanges for moving indicators like volume, price and technical indicators like RSI. 

With a crypto scanner, you can:

• Identify where there’s the largest price and volume % change on all timeframes
• See all RSI overbought/oversold cryptocurrencies
• See where MACD crossovers are taking place on various timeframes

Obviously, this is already a great way to save time. You can also set alerts to receive notifications for changes in a specific indicator you’re observing.

Cryptocurrency Trade Alerts

Crypto alerts help you identify the right time to purchase or sell crypto assets. They notify you of price actions, technical conditions or economic results that might impact the value of a crypto asset. 

Common types of alerts on crypto trades include:

• Price alerts will notify you when an asset or the larger market moves by a certain percentage.
• Technical indicator alerts will notify you when specific parameters of the technical indicators are met, such as relative strength index (RSI) oversold or overbought.
• Economic result alerts send a notification when there are upcoming economic events or news that can trigger a movement in the crypto market, such as investor purchases or interest rate announcements.

Are Crypto Scanners the Real Deal?

Crypto scanners can help take the guesswork out of cryptos, eliminate emotional trading and improve your odds through market real-time data and alerts. Scanning hundreds of exchanges for a hint of movement can be a pain, but crypto scanners can improve your effectiveness in catching movements.

Even so, scanners are just one of the many pieces you must put together to succeed in the cryptocurrency trading puzzle. Always be relentless in identifying tools and opportunities that will give you an edge over the overall market.

Frequently Asked Questions

The post Best Cryptocurrency Scanners by Charles Munyi appeared first on Benzinga. Visit Benzinga to get more great content like this.