What are the best demark pivot points strategies for cryptocurrency trading?

3 answers

• Racem DammakNov 22, 2021 · 4 years ago
  One effective strategy for cryptocurrency trading using demark pivot points is to identify key support and resistance levels. By using demark pivot points, you can determine these levels and make informed trading decisions based on them. Additionally, you can use demark pivot points to identify potential trend reversals and entry/exit points. It's important to note that demark pivot points should be used in conjunction with other technical analysis tools for a comprehensive trading strategy.
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• THITANUNT CHANEWDec 27, 2022 · 3 years ago
  Sure! When it comes to demark pivot points strategies for cryptocurrency trading, one approach is to use them as a confirmation tool. For example, if you see a bullish signal on a cryptocurrency chart and the price is also above the demark pivot point, it can provide additional confidence in the trade. On the other hand, if you see a bearish signal and the price is below the demark pivot point, it can strengthen the bearish case. Remember to always consider other factors and indicators when making trading decisions.
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• Ayush SahaJul 23, 2023 · 2 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using demark pivot points as part of your trading strategy. These points can help you identify potential support and resistance levels, as well as entry and exit points. However, it's important to remember that demark pivot points should not be used as the sole basis for your trading decisions. They should be used in conjunction with other technical analysis tools and indicators to increase the accuracy of your trades. Happy trading!
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