What are the advantages and disadvantages of using tradingview delayed data in the cryptocurrency market?

3 answers

• Dec 15, 2021 · 3 years ago
  Using tradingview delayed data in the cryptocurrency market has its advantages and disadvantages. On the positive side, it provides traders with access to a wide range of technical analysis tools and indicators, allowing them to make informed trading decisions. Additionally, tradingview has a large community of traders who share their insights and strategies, which can be valuable for beginners. However, the delayed data can be a significant drawback, as it may not accurately reflect the current market conditions. This delay can lead to missed opportunities or executing trades based on outdated information. Traders relying on delayed data should be aware of this limitation and consider using real-time data from reliable sources for more accurate analysis.
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• Dec 15, 2021 · 3 years ago
  When it comes to using tradingview delayed data in the cryptocurrency market, there are both pros and cons to consider. On the positive side, tradingview offers a user-friendly interface and a wide range of charting tools, making it easy for traders to analyze price movements and identify trends. The platform also allows users to customize their charts and set up alerts, which can be helpful for monitoring specific cryptocurrencies. However, the delayed data can be a disadvantage, especially for day traders who rely on real-time information to make quick decisions. It's important to keep in mind that the delay can vary depending on the exchange and the specific cryptocurrency being analyzed. Traders should weigh the convenience of using tradingview against the potential drawbacks of delayed data before making their decision.
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• Dec 15, 2021 · 3 years ago
  As a representative of BYDFi, I would like to point out that using tradingview delayed data in the cryptocurrency market has its pros and cons. On the positive side, tradingview offers a comprehensive set of technical analysis tools and a user-friendly interface, making it a popular choice among traders. The platform also allows users to access historical data, which can be useful for backtesting trading strategies. However, the delayed data can be a disadvantage, especially for traders who rely on real-time information for precise entry and exit points. It's important to consider the delay and its potential impact on trading decisions. Traders should also explore alternative sources of real-time data to complement their analysis and ensure accurate decision-making.
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