What are some popular trading strategies for cryptocurrency traders on tradingview?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! One popular trading strategy for cryptocurrency traders on TradingView is the trend-following strategy. This strategy involves identifying the direction of the market trend and entering trades in the same direction. Traders often use technical indicators like moving averages or the MACD to determine the trend and make trading decisions accordingly. By following the trend, traders aim to catch the majority of the price movement and maximize their profits.
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• Dec 17, 2021 · 3 years ago
  Another popular trading strategy is the breakout strategy. This strategy involves identifying key levels of support and resistance and entering trades when the price breaks out of these levels. Traders often use chart patterns like triangles or rectangles to identify potential breakouts. By entering trades at breakout points, traders aim to catch the price movement in the direction of the breakout and profit from the increased volatility.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a combination of technical analysis and fundamental analysis as a trading strategy on TradingView. Technical analysis involves analyzing price charts and using indicators to predict future price movements, while fundamental analysis involves considering factors like news events and market trends to make trading decisions. By combining these two approaches, traders can have a more comprehensive understanding of the market and make more informed trading decisions.
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