Speed Print - your tool for cryptocurrency scalping

Introduction

In modern trading, it is important not only to have access to charts and indicators, but also to be able to react to market changes in real time. This is especially true for those who practice scalping in cryptocurrency trading. In such conditions, intraday trading strategies come to the forefront, where the account is literally open for seconds.

One of the most powerful tools for this is Speed Print, a unique search engine inside the Resonance platform that helps to detect abnormal activity in the online cryptocurrency market.
In this article, we will look at:

• how Speed Print works;
• why it is suitable for cryptocurrency scalping;
• how to build a scalping strategy based on it;
• and how this tool can help even beginners.

What is Speed Print?

Speed Print is an online search engine for detecting the acceleration of a transaction feed. It signals the potential performance of trading algorithms. The search engine allows you to find and filter assets with spikes in the speed of trades.

You can open the tool in the RTT menu:

The search engine consists of:

• asset table with filters by price change, ticker, exchange;
• histograms: transaction speed, average speed, delta by number;

The data in the table and charts are updated every minute online.

To demonstrate the practical application of Speed Print as an indicator for intraday trading, we will take a real market situation.

While going through the data from the search engine table, we found an interesting setup for trading on the RENDER/USDT pair. Let’s take a closer look.
The algorithm has detected an increase in the number of trades. And now our task is to take a closer look at what is happening with supply and demand on this coin.

Let’s change the timeframe from m5 to m15 and start analysing by evaluating the historical data on traded volumes on the cluster chart. We can see that:

• there was an uptrend movement, buyers were actively pushing the price up with market orders, and sales were not effective;
• there were several tries to push the price up with market purchases, but they did not renew the high: this is a sign of local surplus

• we analyse the delta by the number of trades: it is interesting to note that at the very time when the search engine recorded abnormal activity in the number of trades, we can see that sales are already underway (orange clusters).

This is a great opportunity to enter a short trade (making money on a price fall) together with other market players (who have created a surplus).

Now let’s see what happened next:

As you can see, participants started selling the coin on the market, successfully lowering the price by 9%.

This example perfectly demonstrates the effectiveness of the Speed Print algorithm for finding trading ideas. The timely detection of an anomaly in conjunction with cluster analysis helped to quickly identify market inefficiencies. This is an excellent basis for your own scalping strategy.

Who is Speed Print for?

This tool is ideal for:

• scalpers who trade on the m1 - m15 timeframes
• day traders looking for ideas for several hours
• traders looking for accurate entry points for medium-term trades

However, if you are just starting out in cryptocurrency trading, you should first of all get the necessary knowledge. We recommend that you start with a mini-training course from Aires, where in just 6 steps you will receive basic knowledge of analysing volumes and identifying profitable moments for opening trades using the Resonance strategy. And the promo code TOPBLOG gives you a 10% discount on any Resonance tariff plan.

Conclusion

Speed Print is an effective tool for online cryptocurrency scalping that allows traders to stay one step ahead of other market participants. It shows where abnormal activity is taking place and allows traders to act in the moment proactively, which is especially valuable in a volatile crypto market.

The search engine is suitable for both beginners and experienced traders. It is ideal for scalping in cryptocurrency trading and day trading.

For those who are looking for indicators for intraday trading without delay, this tool will become a reliable basis for building their own trading strategy. And for experienced traders, it will be a source of effective entry points that are difficult to see on conventional candlestick charts.

If you are looking for an online tool to create a flexible scalping strategy that takes into account current market activity, Speed Print is worth testing today.