What are the best indicators to use on TradingView charts for cryptocurrency trading?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to cryptocurrency trading, there are several indicators that can be useful on TradingView charts. One popular indicator is the Moving Average Convergence Divergence (MACD), which helps identify potential trend reversals. Another commonly used indicator is the Relative Strength Index (RSI), which can indicate overbought or oversold conditions. Additionally, the Bollinger Bands indicator can help identify volatility and potential price breakouts. These are just a few examples, but it's important to note that the effectiveness of indicators may vary depending on the specific cryptocurrency and market conditions. It's always a good idea to combine multiple indicators and use them in conjunction with other analysis techniques for better trading decisions.
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• Dec 17, 2021 · 3 years ago
  Alright, let's talk about the best indicators for cryptocurrency trading on TradingView charts. One indicator that many traders find helpful is the Ichimoku Cloud. It provides a comprehensive view of support and resistance levels, as well as potential trend reversals. Another popular indicator is the Volume Weighted Average Price (VWAP), which can help identify areas of high trading activity. Additionally, the Stochastic Oscillator is often used to identify overbought or oversold conditions. Remember, it's important to experiment with different indicators and find the ones that work best for your trading strategy and style. Happy trading!
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• Dec 17, 2021 · 3 years ago
  As an expert at BYDFi, I can tell you that the best indicators to use on TradingView charts for cryptocurrency trading depend on your trading strategy and preferences. However, some commonly used indicators include the Moving Average (MA), which helps identify trends, and the Relative Strength Index (RSI), which can indicate overbought or oversold conditions. The Fibonacci retracement tool is also popular for identifying potential support and resistance levels. It's important to note that no single indicator can guarantee profitable trades, so it's always recommended to combine indicators with other analysis techniques and risk management strategies. Remember, trading involves risks, so make sure to do your own research and seek professional advice if needed.
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