Recommend an RSI heatmap for traders who love cryptocurrencies
After entering the cryptocurrency market, I have been faced with the challenge of how to filter out potential trading opportunities from the myriad of available coins.
Recently, I discovered a great website that offers RSI heatmap analysis for various coins. The website link is as follows:
https://coinank.com/zh/RsiMapChart
From the screenshot, you can see that it includes most cryptocurrencies. This chart first answers a crucial question: What is the current overall status of the cryptocurrency market? If the value is above 50, it indicates that buyers are dominant. Conversely, if it is below 50, sellers are dominant. Additionally, we can look for trading opportunities, especially those coins that are in the overbought or oversold regions, and then make judgments by combining other indicators.
TradingView also has an indicator called RSI Heatmap Screeners. It works the same way but is not as convenient to use.
But remember, these indicators should be used in conjunction with other indicators for more accurate results.
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