What are the most popular tradingview strategies used by professional cryptocurrency traders?

3 answers

• Shan-e-UlfatJul 11, 2024 · a year ago
  Sure! One of the most popular tradingview strategies used by professional cryptocurrency traders is the trend-following strategy. This strategy involves identifying and following the trend of a particular cryptocurrency using technical indicators and chart patterns. Traders look for upward or downward trends and enter positions accordingly. Another popular strategy is the breakout strategy, where traders look for price breakouts above resistance levels or below support levels to enter trades. Additionally, some professional traders use the mean-reversion strategy, which involves identifying overbought or oversold conditions and taking positions based on the expectation that the price will revert to its average. These are just a few examples of the popular strategies used by professional cryptocurrency traders.
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• RickapsicumMay 20, 2024 · a year ago
  Well, when it comes to tradingview strategies used by professional cryptocurrency traders, it's important to understand that there isn't a one-size-fits-all approach. Different traders have different preferences and strategies that work for them. However, some commonly used strategies include the moving average crossover strategy, where traders look for the crossover of two moving averages to identify buy or sell signals. Another popular strategy is the RSI divergence strategy, where traders look for divergences between the price and the RSI indicator to identify potential reversals. Additionally, some traders use the Fibonacci retracement strategy to identify potential support and resistance levels. These are just a few examples, and it's always recommended to do thorough research and backtesting before implementing any strategy.
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• Ronald RivasAug 11, 2022 · 3 years ago
  At BYDFi, we've observed that professional cryptocurrency traders often use a combination of technical analysis indicators and chart patterns on TradingView to make informed trading decisions. Some popular strategies include the use of moving averages, such as the 50-day and 200-day moving averages, to identify trends and potential entry or exit points. Traders also pay attention to support and resistance levels, as well as trendlines, to determine key price levels and potential breakouts. Additionally, some traders use oscillators like the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD) to identify overbought or oversold conditions. It's important to note that these strategies are not foolproof and should be used in conjunction with proper risk management and analysis of market conditions.
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