Guideline to use Binance Volume scanner
Dev : [[[Babe.. Don't go .. Alts are coming back]]] .... 🤣- First Step: Create a new bot via
@BotFather. - Second Step: Get your personal ID from
@userinfobot. Once you have this, you are ready to receive signal results.
Configuring the Scan
Next, go to @SeasonAlt_bot to prepare for scanning.
- The Primary Indicator is called Volume Analysis. This will alert you when a trading pair experiences a sudden spike in volume. I personally use this as my main indicator. It's best to use a timeframe between 5 to 30 minutes.
- There are 7 additional indicators. You can choose and use these according to your preference.
- Next, select your trading pairs. Currently, only pairs listed on Binance are available.
- Another crucial feature is Order Book Analysis. You must enable this. This is essential to see the ask, bid, and imbalances.
Once you have configured everything, you can press "Start Monitoring" to begin scanning.
Receiving Alerts
All detected signals, including indicator data and Order Book Analysis for each pair, will be sent directly to your Telegram
Signal Interpretation
- Volume Spike: How large was the volume increase? (e.g., 2x, 4x, etc.)
- Frequency: Within the set timeframe, how many times did that pair trigger a signal?
- Order Book Details: You must also analyze the details from the Order Book Analysis.
- Timeframe: Check the timeframe you have selected.
Crucial Warning: Do not treat the BUY/SELL alert as a definitive command. These are general indicators. Because you have selected a small timeframe, they will not always be correct.
Combining Analysis (The "Combo")
When you see a potential upward trend for a pair based on Order Book Analysis and a Volume Spike, you must then go to TradingView to perform your own analysis before entering a trade.
Final Rule: Do not enter a trade without doing your own analysis.
[[[Babe.. Don't go .. Alts are coming back]]] .... 🤣