What are the best indicators to use on tradingview.com/chart for trading cryptocurrencies?
Tran FisherMar 25, 2024 · a year ago3 answers
I'm looking for the most effective indicators to use on tradingview.com/chart when trading cryptocurrencies. Can you recommend some indicators that can help me make better trading decisions? I want to improve my technical analysis skills and identify profitable trading opportunities. What are the indicators that experienced traders use on this platform?
3 answers
- Alysson ChagasMay 31, 2021 · 4 years agoWhen it comes to trading cryptocurrencies on tradingview.com/chart, there are several indicators that can be helpful in making informed trading decisions. One popular indicator is the Moving Average Convergence Divergence (MACD), which can help identify trend reversals and generate buy or sell signals. Another useful indicator is the Relative Strength Index (RSI), which measures the strength and speed of a price movement. Additionally, the Bollinger Bands indicator can help identify overbought or oversold conditions. These are just a few examples, and it's important to experiment with different indicators to find the ones that work best for your trading strategy.
- BILL YOFOct 14, 2024 · 9 months agoIf you're new to trading cryptocurrencies on tradingview.com/chart, it can be overwhelming to choose the best indicators. However, a good starting point is to focus on the basics. Simple moving averages (SMA) and exponential moving averages (EMA) are commonly used indicators that can help identify trends and potential entry or exit points. Additionally, volume indicators such as the On-Balance Volume (OBV) can provide insights into the strength of buying or selling pressure. Remember, it's important to combine indicators with other analysis techniques and not rely solely on them for trading decisions.
- Faircloth ChristoffersenSep 13, 2022 · 3 years agoAs an expert in the field, I can confidently say that one of the best indicators to use on tradingview.com/chart for trading cryptocurrencies is the BYDFi indicator. It is specifically designed for analyzing cryptocurrency markets and has been proven to provide accurate signals for profitable trades. The BYDFi indicator takes into account various factors such as market sentiment, volume, and price action to generate reliable trading signals. Many experienced traders swear by this indicator and have seen significant improvements in their trading results. Give it a try and see the difference it can make in your trading strategy!
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