“RSI Hunter was an automated tool/site that helped users find cryptocurrencies that show being Overbought or Oversold.” For this tool, we want to note outside of RSI; it uses other famous metrics for you to look at.
One should know that RSI alone should not be used as a buy/sell signal. It is a good starting point when researching potential entries. It is a best practice to use combinations of crypto indicators with a tool like RSI Hunter.
If you are new to the RSI Indicator, check out Wikipedia for a clear explanation of its history and use.
So as you can see from the above, the great thing about RSI Hunter is the plethora of information it gives. As a result, you can get on many different coins crossed with BTC. So you can explore combinations of your favorite altcoin combinations.
RSI Hunter matrics to use
On their site, “RSI Hunter” states they are tracking 269 assets listed on Bittrex, 201 on Binance, 12 on Bitmex, and 206 on Kucoin. With prices and RSI being updated every minute.
Another cool feature of RSI Hunter is they show the top 3 Oversold, Neutral, and Overbought coin combinations on the front page of their site. This gives you a view of the market with a heat map approach. I find this very useful to view now and then to see what is moving in the market.
“BTW, we have written extensively about the many tools like this in the “Crypto Tools” section of the site.”
Three main criteria exist in the RSI Hunter settings choices for this tool. First, you can choose the exchange, then the base currency, and last, the timeframe you wish to use.
- Base Cryptocurrency
- Time Frame
Note that we have these choices to reshuffle the site’s coin lists. If you want to find shorter-term trades, you can go as low as 5 min for the time frame. Maybe you wish to locate based on which base currency is volatile. Even if you only use one exchange or many, at least with this, you have a choice.
Final Thoughts on this site…
We may not always agree on what works best for us regarding crypto indicators. However, we believe that we can easily understand the market and uncover hidden gems with the right resources at our disposal. Unfortunately, RSI Hunter is no longer available. But don’t worry; you can still use TradingView. This popular platform offers a variety of trading indicators and tools, including the RSI and SMA indicators mentioned earlier. It can help you analyze market trends and identify potential buy and sell signals.
Give it a try and see how it works for you!