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Which indicators should I use for trading cryptocurrencies on thinkorswim?

Kaplan ChavezJul 03, 2020 · 5 years ago1 answers

I'm new to trading cryptocurrencies on thinkorswim and I'm wondering which indicators would be most helpful for making trading decisions. Can you recommend any specific indicators that are effective for analyzing cryptocurrency price movements on thinkorswim?

Cryptocurrencies
Thinkorswim
Trading Indicators

1 answers

  • Krzysztof BieleckiJun 13, 2022 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using a combination of technical indicators and fundamental analysis when trading cryptocurrencies on thinkorswim. Technical indicators such as the Moving Average, Bollinger Bands, and MACD can provide insights into price trends and potential reversals. Fundamental analysis, on the other hand, involves evaluating the underlying factors that can impact a cryptocurrency's value, such as its technology, team, and market demand. By combining both approaches, you can make more informed trading decisions and increase your chances of success. Remember to always do your own research and stay updated on the latest market news and trends.

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