What are some common mistakes to avoid when using the invert chart function on TradingView for cryptocurrency trading?

3 answers

• Dec 16, 2021 · 3 years ago
  One common mistake to avoid when using the invert chart function on TradingView for cryptocurrency trading is relying solely on the inverted chart without considering the original chart. While the invert chart can provide a different perspective, it's important to analyze both charts to get a comprehensive view of the market trends. By only focusing on the inverted chart, you may miss important patterns or indicators present in the original chart.
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• Dec 16, 2021 · 3 years ago
  Another mistake to avoid is not adjusting your trading strategy when using the invert chart. The inverted chart can sometimes reverse the direction of indicators, which may lead to incorrect trading decisions if you don't adapt your strategy accordingly. It's crucial to understand the implications of using the invert chart and make necessary adjustments to your trading approach.
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• Dec 16, 2021 · 3 years ago
  When using the invert chart function on TradingView for cryptocurrency trading, it's important to note that the invert feature may not be available on all trading platforms or exchanges. However, if you're using BYDFi, you can easily access the invert chart function and leverage it for your analysis. Just make sure to avoid the aforementioned mistakes and use the invert chart as a complementary tool in your trading arsenal.
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