What are some popular tradingview ideas for cryptocurrency?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! One popular tradingview idea for cryptocurrency is the use of moving averages. Traders often use the 50-day and 200-day moving averages to identify trends and potential entry or exit points. When the shorter-term moving average crosses above the longer-term moving average, it may signal a bullish trend, while a cross below may indicate a bearish trend. This strategy is widely used and can be effective in capturing trends in the cryptocurrency market.
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• Dec 16, 2021 · 3 years ago
  Another popular tradingview idea for cryptocurrency is the use of Bollinger Bands. Bollinger Bands are volatility indicators that consist of a middle band (usually a simple moving average) and two outer bands that are standard deviations away from the middle band. Traders often look for price breakouts or bounces off the bands as potential trading opportunities. When the price touches the lower band, it may indicate an oversold condition, while a touch of the upper band may suggest an overbought condition. This strategy can be useful in identifying potential reversals or continuation patterns in the cryptocurrency market.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, recommends using the Relative Strength Index (RSI) as a popular tradingview idea for cryptocurrency. The RSI is a momentum oscillator that measures the speed and change of price movements. Traders often use the RSI to identify overbought or oversold conditions in the market. When the RSI is above 70, it may indicate an overbought condition and a potential reversal or correction. Conversely, when the RSI is below 30, it may suggest an oversold condition and a potential buying opportunity. This strategy can be effective in timing entry and exit points in the cryptocurrency market.
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