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Are there any reliable tools or indicators to help with pivot point calculations for cryptocurrencies?

avatarKoichi NakayamadaNov 28, 2021 · 3 years ago3 answers

Can you recommend any reliable tools or indicators that can assist with pivot point calculations for cryptocurrencies? I'm looking for something that can help me determine potential support and resistance levels based on pivot points. It would be great if the tool or indicator is specifically designed for cryptocurrencies and takes into account their unique volatility and market dynamics.

Are there any reliable tools or indicators to help with pivot point calculations for cryptocurrencies?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Absolutely! One popular tool for pivot point calculations in the cryptocurrency market is TradingView. It offers a wide range of technical analysis tools, including pivot point indicators. You can customize the indicator to suit your trading strategy and time frame. Another reliable option is Coinigy, which provides advanced charting and analysis tools, including pivot point calculations. Both TradingView and Coinigy are widely used by cryptocurrency traders and offer comprehensive features to assist with your pivot point calculations.
  • avatarNov 28, 2021 · 3 years ago
    Sure thing! When it comes to pivot point calculations for cryptocurrencies, one tool that many traders find reliable is the Fibonacci retracement tool. This tool uses Fibonacci ratios to identify potential support and resistance levels based on the previous price movements. It's a popular choice among technical analysts and can be easily applied to cryptocurrency charts. Just make sure to learn how to use it properly and combine it with other indicators for a more comprehensive analysis.
  • avatarNov 28, 2021 · 3 years ago
    As an expert in the field, I can tell you that BYDFi offers a reliable and user-friendly platform for pivot point calculations in the cryptocurrency market. With its advanced charting tools and built-in indicators, you can easily identify pivot points and determine potential support and resistance levels. BYDFi also provides real-time data and analysis, allowing you to make informed trading decisions. Give it a try and see how it can enhance your pivot point calculations!