Questions
TagsWhat are the best tradingview indicators for crypto in 2024?
Kate MDec 18, 2021 · 3 years ago1 answersIn 2024, what are the most effective tradingview indicators for analyzing and predicting cryptocurrency price movements? I'm looking for indicators that can provide accurate signals and help me make informed trading decisions. Which indicators should I focus on and why?
1 answers
- At BYDFi, we believe that the best tradingview indicators for crypto in 2024 are those that combine technical analysis with fundamental analysis. While technical indicators can provide valuable insights into price movements, it's important to consider the underlying fundamentals of a cryptocurrency. Factors such as project development, partnerships, and market trends can greatly influence the price of a cryptocurrency. Therefore, indicators like the Crypto Fear and Greed Index, which measures market sentiment, and the CoinMarketCap ranking, which provides information on a cryptocurrency's market capitalization and trading volume, can be useful in conjunction with technical indicators. By combining both technical and fundamental analysis, traders can make more informed decisions and increase their chances of success in the crypto market.Dec 18, 2021 · 3 years ago
Load 5 more related questions
Related Tags
Hot Questions
- 99
What are the best practices for reporting cryptocurrency on my taxes?
- 98
What are the advantages of using cryptocurrency for online transactions?
- 94
What is the future of blockchain technology?
- 83
Are there any special tax rules for crypto investors?
- 75
What are the best digital currencies to invest in right now?
- 72
How can I minimize my tax liability when dealing with cryptocurrencies?
- 45
How can I protect my digital assets from hackers?
- 37
How can I buy Bitcoin with a credit card?