Guide on Crypto Price Alerts

Introduction

Crypto trading is volatile and unpredictable, and traders can gain and lose significantly in seconds or minutes. Crypto alerts — real-time market notifications — are essential, and can make all the difference to a successful trading strategy.

Exchange users rely on alerts for both price action and indicators in order to maximize profits, reduce risk and avoid the stress that comes with constant monitoring of crypto markets. 

TabTrader simplifies crypto trading with alerts in one terminal across top exchanges and thousands of pairs. Learn how alerts work, their uses, and how they benefit beginners and experts.

Why Set Alerts for Crypto Prices?

Crypto markets trade 24 hours a day, seven days a week. For traders, the amount of information and signals these markets produce, both useful and irrelevant, can quickly become overwhelming.

Automation is thus key to navigating this unique trading environment, and TabTrader plays a key role in allowing users to stay on top of the market.

Crypto price alerts are automated notifications for traders when specific events happen in a trading pair, such as price reaching a level, moving average crossovers, or trend changes.

By using alerts wisely, traders stand a much better chance of managing volatility to their advantage, filtering out market “noise” and reducing the risk of making unwise trading decisions. 

Ways to Track Crypto Prices

Crypto traders who use centralized (CEX) and decentralized (DEX) exchanges have access to real-time price tickers for up to tens of thousands of crypto tokens.

Depending on the platform, this data can be displayed in various ways, including user-created watchlists. TabTrader offers combined watchlists from different exchanges for easy monitoring.

Price tracking can be challenging due to varying conditions on exchanges. Cryptoasset prices differ across platforms, and unforeseen factors like liquidity fluctuations can cause erratic pricing.

TabTrader allows users to compare trading pairs across exchanges, providing an easy market overview with live prices, even during high volatility. This facilitates arbitrage trading, which can be slow and risky when done manually.

What's the Best Way to Get Notifications on Price Movement?

TabTrader makes keeping tabs on crypto price movements and trend changes easy by removing the need for manual monitoring. All the trader has to do is decide how to proceed with a given trading strategy based on the live market data supplied by the TabTrader app.

Interconnected exchange accounts and customizable automated alerts streamline crypto trading, reducing risks and stress for better decisions and profitability.

How to Set Alerts on TabTrader

TabTrader offers unlimited crypto price alerts, making it easy for both beginners and experts to set and organize them.

Follow the simple instructions below to get started with crypto alerts on the TabTrader app.

Setting up crypto alerts step by step

1. Download the TabTrader app for iOS, Android or use Web terminal, create an account and sign in.

2. Navigate to the alerts feature. Select a currency pair and tap to bring up its price chart and any selected indicators. The alerts feature is shown as a bell icon above the price chart.

3. Tapping the bell icon brings up a list of where all alerts for that pair and exchange will be once created. To create a new alert, tap the + button inside a larger bell icon in the top right corner of the screen. This will prompt selection of either a price or technical indicator alert.

4. Depending on the alert required, its parameters, including non-technical characteristics such as color, can be freely edited as required.

Unique features of the TabTrader app

TabTrader allows users to set alerts for both price action and events on key indicators. Setting alerts is about more than simple numbers on a price chart; doing so can make or break a trade, and flexibility is essential.

TabTrader thus features this flexibility as standard. Set alerts across one or multiple exchanges out of more than twenty that the app supports, with more than 20,000 cryptocurrencies on offer.

For more information about how to configure alerts for optimal results, check out the dedicated guides at the TabTrader HelpCenter for the mobile app and Web interface.

Different Types of Crypto Alerts You Should Know

Crypto alerts in TabTrader are about far more than simply confirming when price has reached a certain level. Alerts can be set for various types of price activity, as well as for trading indicators and chart shapes, along with general information about the market as a whole.

Indicator Alerts

Indicator alerts involve popular crypto market trading tools such as the Relative Strength Index (RSI), Moving Average Convergence/Divergence (MACD) and Exponential Moving Average (EMA).

Taking RSI as an example, an alert can tell a trader when the RSI value crosses another chart feature or reaches a certain value. The same options are available for the other key trading indicators that can have alerts applied to them in the app.

Chart Pattern Alerts

Users can also set alerts for when a market begins to form a specific kind of pattern, be it a continuation pattern such as a triangle, a head and shoulders reversal pattern, a flag or other phenomenon. 

These can be useful guidance for when price action is about to change in nature, allowing a trader to keep track of potential trend breakdowns or the start of new uptrends and downtrends.

ATH/ATL Alerts

Simple but no less important to know is when an asset hits a new all-time high (ATH) or low (ATL) against another.

TabTrader users can set specific alerts for this, as record price action without any historical precedent can have key implications for the future of a given up or downtrend. 

Daily Market Updates

For nonspecific general market information, users can take advantage of daily updates which inform them about major shifts in a market or trend.

These are ideal for those who aim to stay informed about the market without daily examination of price action or indicator signals.

Why Crypto Alerts Matter

When combined in the correct manner, these alerts deliver signals which can be the make-or-break moment for a trade or even a wider market strategy.

Given the volatile nature of crypto markets and their “always on” nature, traders need to stay on top of important market phenomena such as trend changes while filtering out short-term noise — something achieved by combining the price and technical indicator alerts shown above.

The TabTrader Academy has dedicated guides on technical analysis, including chart patterns for beginners and more, where traders can get to grips with the science behind trading before risking capital.

Technical alerts represent a new feature for TabTrader users — subscribe to the TabTrader Blog to keep track of future updates and expansions.

Tips for Effective Crypto Price Tracking

When it comes to tracking crypto markets efficiently, traders are required to think as much about their psychological approach as their technical abilities.

Trading on emotion is one of the biggest pitfalls of volatile markets, and experiencing a sense of “FOMO” can spawn many a loss-making trade.

To mitigate the risk of falling victim to one’s own feelings in the face of market volatility, there are several key strategies to bear mind:

• Keep it manageable: When setting alerts, less is more — only use the alerts you need to avoid being overwhelmed by signals.
• Review regularly: If the trend changes, an alert may no longer be relevant. In this case, adjust active alerts as required in order to receive only the most useful market information.
• Diversify: Combine alerts with other useful TabTrader features, such as Watchlists, for a comprehensive, easy-to-use crypto trading gateway.

Conclusion: Why Choose TabTrader for Crypto Alerts?

Crypto alerts are a key part of any successful trading strategy, and making ideal use of them can dramatically increase the odds of profiting from market moves.

Alerts reduce risk by warning of volatility, keeping traders informed in real time. When price and indicator alerts are used together, they can help avoid the urge to make snap decisions and trade “on emotion” — a classic error which can result in lost capital.

TabTrader provides the ultimate all-in-one crypto trading experience, with all the biggest exchanges, thousands of cryptocurrency pairs and dozens of instruments — and users can set alerts for almost all of them.

The TabTrader app for iOS, Android and Web gives users the power to trade everywhere in real time, all in one place — whether at home or on the go. 

New alerts are being added to our product all the time, with more indicators and more intricate monitoring available with each new release. Follow the TabTrader Blog to keep up to date with all the latest news and developments.

New to crypto trading? The TabTrader Academy is a one-stop crypto encyclopedia waiting to answer all your questions about the market. 

FAQ

How do I set up price alerts for cryptocurrencies?

Crypto price alerts can be set for Bitcoin, altcoin and stablecoin exchange pairs via the TabTrader app. It also features alerts for various crypto technical indicators.

What's the best way to get notifications on price movement?

Setting up crypto price alerts correctly allows traders to keep on top of all relevant market movements and snap volatility. On TabTrader, these can repeat once set, ensuring that no significant market event goes unnoticed.

What types of crypto alerts can I set and how are they useful?

Price alerts inform traders when price reaches a certain level or interacts with another chart feature. Indicator alerts help place price movements in context, allowing for wiser trading decisions as a result.