Now that you know about the QFL Strategy or the Base Strategy, then you are most probably ready to Start Tinkering with Your Crypto Base Scanner Dashboard.
Wait a minute, have you logged in yet to your dashboard? Or have you even installed the software on your desktop or mobile device?
Crypto Base Scanner can be downloaded and run on iOS, Android, Windows, Mac OS, and Linux. You can even use it online through Chrome, Firefox, Safari, and other Web Browsers.
Once you’re done with downloading the application, you could start managing your own CBS Account.
Let us help you set up your own Crypto Base Scanner Dashboard.
STEPS ON SETTING UP YOUR CRYPTO BASE SCANNER:
- On your SETTINGS TAB, select the EXCHANGES OPTION.
From there, you will see the listed exchanges such as Bittrex, Binance, HitBTC, Polionex, Kucoin, and Cryptopia.
But have you even set up your account with any of these exchange platforms? If not, visit any of the following pages:
Bittrex: https://bittrex.com/
Binance: https://www.binance.com/
HitBTC: https://hitbtc.com/
Polionex: https://www.poloniex.com/
Kucoin: https://www.kucoin.com/#/
Cryptopia: https://www.cryptopia.co.nz/Exchange
Why is it important to have an account in any of these exchange platforms? Well, that’s where the cryptocurrency trade happens! Without any of these, you have no platform to buy and sell your digital coin.
- Choose among the EXCHANGE PLATFORMS. Tick ENABLE EXCHANGE for the market that you want.
If you are still on a trial period, know that you can only enable one exchange platform. If you have an account on more than one market, it would be truly wonderful to extend your subscription. Simply go to the ACCOUNT TAB to get full access to all the features of Crypto Base Scanner.
- Choose among the DIGITAL CURRENCIES for each market.
You can choose from BTC, ETH, USD, USDT, BNB, DAI, TUSD, XMR, BCH, NEO, KCS, and OLD among others. That really depends on your exchange platform.
Go to the ACCOUNT PREFERENCES OPTION on the Settings Tab. Tick DAY TRADING.
Go back to the Settings Tab, then SELECT NOTIFICATIONS SETTINGS. Click the Green Plus Button. From there, set your preferences according to your desired levels. Here are the four types of preferences that you have to configure: exchange, currencies, volume, and drop.
EXCHANGE – On this tab, you select the exchange platform or market from which you are subscribed to. You will be notified for any alert that happens in this exchange.
CURRENCIES – Select the currencies you are subscribed to. You may select multiple currencies.
VOLUME – Select either USD or BTC value. In this section, you will see the 24-hour volume for each market converted into your selected currency.
Note: Lower market volumes have lesser chances for fulfilling your orders.
DROP – Set either the Fixed % or the Median X.
Fixed % is your preferred percentage below the base. Crypto Base Scanner will notify you every time that the base goes down to your desired percentage drop.
The Median uses a multiple of the median drop that is specific to each market. CBS will notify you to the level of median drop that you prefer.
See this example:
Market X has a median drop of -5% and market Y has a median drop of -7%.
Setting the Median X to 1.5 will notify you at 1.5 times the median drop.
Market X: -5% * 1.5 = -7.5%
Market Y: -7% * 1.5 = -10.5%
You will be notified when Market X goes to 7.5% below the base and when Market Y goes 10.5% below the base.
Don’t forget to click the Green Floppy Disk Icon on the right to SAVE YOUR NOTIFICATIONS SETTINGS.
Wait for alerts to pop up on your screens. Once you are notified of certain bases and percentage drops, that’s the time to DECIDE whether you enter the market or not.
We make trading a lot easier for you. With significantly reduced time in analyzing the candlestick graphs, we are sure that you can have better investment decisions.
Disclaimer: This article describes how we use the Crypto Base Scanner. This may not be considered trading advice.