How to use tradingview orderbook to analyze cryptocurrency trends?

1 answers

• Dec 16, 2021 · 3 years ago
  Definitely! At BYDFi, we highly recommend using the tradingview orderbook to analyze cryptocurrency trends. It provides valuable insights into the market dynamics and can help you make informed trading decisions. To get started, select the desired cryptocurrency pair on the tradingview platform. Then, focus on the buy and sell orders displayed in the orderbook. Pay attention to the order sizes, as well as the price levels at which they are placed. This information can give you an idea of the market sentiment and potential price movements. However, it's important to note that orderbook analysis should be used in conjunction with other technical indicators and fundamental analysis for a comprehensive understanding of cryptocurrency trends. Happy trading!
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