Scanner Documentation

Identifies Areas of Interest by clustering historical swing highs and lows on the 4-hour chart. Zones where multiple swings converge become strong support/resistance levels.

Analyzes the slope of VWAP across multiple timeframes. When VWAP is rising on daily AND 4hr AND price is above both VWAPs, the trend is confirmed bullish (and vice versa).

Analyzes BTC's daily chart structure (swing highs/lows + EMA stack) to determine the market-wide directional bias. When BTC is in a confirmed downtrend, it blocks long signals across all coins.

Checks for bullish/bearish confirmation patterns on the 15-minute chart: engulfing candles, higher/lower closes, and volume surges. Validates entries from other scanners.

Detects coins in Weinstein Stage 1 (basing): price has declined >30% from highs, then flattened with the 30-period moving average going horizontal. Volume dries up during the base and starts picking up on up-days. This is the accumulation phase before a Stage 2 markup begins.

Identifies significant swing moves and calculates Fibonacci retracement levels. Signals when price reaches and shows rejection at the 38.2%, 50%, or 61.8% levels with volume confirmation. The 61.8% golden ratio level is the strongest signal.

Detects the inverse head and shoulders pattern: three troughs where the middle (head) is the lowest, flanked by two higher troughs (shoulders). The pattern completes when price breaks above the neckline connecting the two peaks between the troughs. Volume should increase on the breakout.

Identifies falling wedge patterns where both support and resistance lines converge downward, with resistance falling faster than support. The narrowing range compresses volatility until a bullish breakout occurs. Volume expansion on the breakout confirms the reversal.

The 200 MA is the most watched institutional level. This scanner uses the 200-period MA on the 4h chart (equivalent to ~33 days, a proxy for longer-term support). When price touches and bounces off this level with a bullish candle, it signals a high-probability long entry used by institutional traders.

Detects coins entering Weinstein Stage 3 (distribution): price has rallied significantly, the 30-period MA begins to flatten after a long uptrend, and volume increases on down-days while decreasing on up-days. This is the topping pattern where smart money distributes to retail before Stage 4 decline.

Detects the head and shoulders top pattern: three peaks where the middle (head) is highest, flanked by two lower peaks (shoulders). The pattern completes when price breaks below the neckline connecting the two troughs. Volume typically decreases on each successive peak and increases on the breakdown.

Monitors price action around psychologically significant levels (round numbers like $50K BTC, $3K ETH) and historical support/resistance clusters. When price breaks through with conviction (volume + close beyond level), these breakouts tend to follow through as stops get triggered and new participants enter.