The cryptocurrency market can be extremely volatile, and price movements can happen in a flash.
This can catch traders unawares. The market may move too quickly for them to take action, and the chance to win big bucks is lost!
Be Alerted When The Market Moves
Which is why we’ve introduced Strategy Alert, a customized alert tool available on the Bybit mobile app, which allows traders to set alerts for when market movements hit set targets, meaning trading opportunities never have to be missed again.
There are four features on the function on which you can set alerts, all in a simple click of a button. Users can customize their very own trading alert based on their trading preferences.
(1) Price Alerts
Setting up an alert to track price changes in a simple click. This can be useful for traders looking for an exit out of the market, or looking for an opportunity to enter a long position, when the market hits a certain price.
(2) Trend Shift
Setting up an alert to track trends in the market, such as moving average, or exponential moving average. This can be useful for example when traders are looking to trade a breakout in the market. Tracking the moving average can help to determine when a breakout may occur.
(3) Local Pivots
Setting up an alert for when there is a turning point in the market from a local high or a local low. This can be useful for example when traders are looking for a turning point in the market so they can capitalize on the short-term volatility.
(4) Market Heat
Setting up an alert when movements occur in open interest and predicted funding rate, to give you a ‘feel’ of the market. Traders may want to track open interest because it can signify the strength of the market. Traders may want to track predicted funding rate because it can gauge if the market sentiment is over-bullish or over-bearish.
Completely Customized. By You.
Users can customize their very own trading alert based on their trading preferences. Whether you are a novice or an expert trader, Bybit’s Strategy Alert has got your back.
The strategy alert function is available for all inverse perpetual contracts on Bybit (BTC, ETH, EOS, XRP)
We trust that you are just as excited about this as us! Try it out and let us know what you think.
Check out our Help Center article for more information on how to utilize the four features on Strategy Alert!