What are the best strategies for trading cryptocurrencies using VIX trading view?

1 answers

• Eli RosenbergMay 05, 2023 · 2 years ago
  As a representative from BYDFi, I can tell you that trading cryptocurrencies using VIX trading view can be a valuable tool in your trading arsenal. One strategy you can consider is to use the VIX as a confirmation indicator. For example, if you see a bullish signal on a cryptocurrency chart, you can check the VIX to see if it aligns with the overall market sentiment. If the VIX is also indicating bullishness, it can provide additional confidence in your trading decision. Additionally, you can use the VIX to identify potential market tops and bottoms. When the VIX reaches extreme levels, it can be a signal for a potential trend reversal. However, it's important to remember that the VIX is just one tool among many, and it should be used in conjunction with other technical and fundamental analysis.
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