Screening Filters
Market Cap: 500M – 50B ('market_cap': {'min': '500000000', 'max': '50000000000'})
- Purpose: Focus on mid‑ to large‑cap cryptocurrencies, avoiding tiny illiquid coins and very “mega‑cap” majors.
- Rationale:
- For day trading, you generally want assets that are:
- Established enough to have stable liquidity and tighter spreads.
- Volatile enough to offer intraday price swings.
- Coins below ~$500M market cap are often:
- Thinly traded
- Easily manipulated
- Prone to sudden illiquidity, which is dangerous for intraday entries/exits.
- Coins above ~$50B are often:
- More “blue-chip” cryptos (e.g., BTC/ETH-level), which can be less volatile on a percentage basis, thus less attractive if you’re seeking quick intraday moves.
24h Turnover ≥ 50M ('turnover_24h': {'min': '50000000'})
- Purpose: Ensure high trading volume/liquidity over the last 24 hours.
- Rationale:
- Day traders need to enter and exit quickly without moving the market too much.
- A 24‑hour traded value of at least $50M:
- Suggests strong interest and activity right now.
- Generally leads to tighter bid‑ask spreads, smaller slippage, and more reliable order execution.
- This aligns directly with “suitable for day trading at the current moment” by focusing on coins that are actively traded today, not just historically.
Relative Volume ≥ 1.5 ('relative_vol': {'min': '1.5'})
- Purpose: Find cryptocurrencies currently trading at significantly higher volume than their recent average.
- Rationale:
- Relative volume (RVOL) compares current volume to typical volume (e.g., vs. 30‑day average).
- An RVOL ≥ 1.5 means:
- Today’s volume is at least 50% above normal.
- There is unusual interest/participation right now, often tied to news, technical breaks, or momentum — all attractive for day trading.
- This helps you avoid “dead” coins and focus on ones with active intraday setups and liquidity spikes.
RSI(14) between 40 and 70 ('technical_indicators': 'RSI_14 between 40 and 70 (40 <= RSI_14 < 70)')
- Purpose: Target cryptocurrencies that are trending or active but not extremely overbought/oversold.
- Rationale:
- RSI < 30: often deeply oversold; can be in a strong downtrend with catching‑a‑falling‑knife risk.
- RSI > 70: often overbought; may be late in a move and prone to sharp pullbacks.
- The 40–70 range:
- Indicates some momentum or at least not weak, but not yet extremely stretched.
- Offers more room for both continuation trades (if trend persists) and short‑term fades without immediately being in exhaustion territory.
- For a day trader, this is a balanced zone: active enough to move, but not so extreme that the risk of a blow‑off or reversal is maximized.
24h Volatility ≥ 6 ('volatility_24h': {'min': '6'})
- Purpose: Ensure the crypto has sufficient price movement over the last 24 hours to make intraday trading worthwhile.
- Rationale:
- Day trading requires price swings; without volatility there’s no edge in short timeframes.
- A minimum 24h volatility (likely ~6%+) filters out:
- Very stable or range‑bound coins that move too little to cover spreads and commissions.
- By requiring a volatility floor, this filter targets coins where:
- Intraday moves are large enough to offer realistic profit potential.
Why Results Match Your Request
- The market cap and 24h turnover filters together ensure you see liquid, established, but still tradeable cryptocurrencies—ideal for rapid in/out day trades.
- Relative volume and 24h volatility make sure the picks are currently “in play”: actively traded today with strong activity and meaningful price swings.
- The RSI range avoids the most extreme overbought/oversold conditions, giving you candidates with actionable intraday setups without being at maximum exhaustion levels.
Overall, these filters are designed to surface cryptocurrencies that are:
- Liquid enough to trade intraday
- Volatile enough to be worth day trading
- Currently active and interesting
- Not at the most extreme technical conditions
—making them well aligned with “a cryptocurrency suitable for day trading at the current moment.”
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.