Which cryptocurrency pairs are most suitable for applying Elliott wave principles on TradingView?

3 answers

• LearnerBoatJan 29, 2023 · 2 years ago
  When it comes to applying Elliott wave principles on TradingView for cryptocurrency analysis, it's important to choose pairs that have sufficient trading volume and liquidity. This ensures that the wave patterns are more reliable and accurate. Popular cryptocurrency pairs such as BTC/USD, ETH/USD, and XRP/USD are commonly used for Elliott wave analysis due to their high trading volumes and market activity. These pairs tend to exhibit clear wave patterns and provide valuable insights for traders. However, it's always recommended to conduct your own analysis and verify the wave patterns before making any trading decisions.
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• Boris LouchartJan 29, 2021 · 4 years ago
  If you're looking to apply Elliott wave principles on TradingView for cryptocurrency analysis, it's worth considering pairs that have a strong correlation with the overall market sentiment. For example, BTC/USD is often seen as a leading indicator for the cryptocurrency market, so analyzing its wave patterns can provide valuable insights into the broader market trends. Additionally, pairs with high volatility and frequent price movements, such as ETH/BTC or LTC/USD, can also be suitable for Elliott wave analysis. Remember to use other technical indicators and tools in conjunction with Elliott wave analysis for a more comprehensive trading strategy.
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• Pothireddy SushmithaOct 13, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a wide range of cryptocurrency pairs that are suitable for applying Elliott wave principles on TradingView. Some of the recommended pairs include BTC/USD, ETH/USD, XRP/USD, and LTC/USD. These pairs have sufficient liquidity and trading volume, making them ideal for analyzing wave patterns and identifying potential trading opportunities. TradingView provides a user-friendly interface for conducting Elliott wave analysis, and BYDFi's integration with TradingView makes it convenient for traders to access the necessary tools and charts. Remember to always conduct your own analysis and consider multiple factors before making any trading decisions.
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