What are the most popular tradingview footprints used by cryptocurrency traders?
Klavsen ChambersDec 17, 2021 · 3 years ago3 answers
As a cryptocurrency trader, I'm interested in knowing the most popular tradingview footprints used by other traders. Can you provide some insights on the footprints that are commonly used on tradingview for cryptocurrency trading? How can these footprints help in making trading decisions?
3 answers
- Dec 17, 2021 · 3 years agoOne of the most popular tradingview footprints used by cryptocurrency traders is the 'Volume Profile' footprint. This footprint allows traders to see the volume traded at each price level, which can help identify areas of high liquidity and potential support or resistance levels. Traders can use this information to make more informed trading decisions based on the market's supply and demand dynamics.
- Dec 17, 2021 · 3 years agoAnother commonly used tradingview footprint in cryptocurrency trading is the 'Fibonacci Retracement' footprint. This tool helps traders identify potential levels of support and resistance based on the Fibonacci sequence. By drawing Fibonacci retracement levels on the chart, traders can anticipate price movements and set entry and exit points for their trades.
- Dec 17, 2021 · 3 years agoBYDFi, a popular cryptocurrency trading platform, offers a wide range of tradingview footprints to its users. Traders on BYDFi can access footprints such as 'Ichimoku Cloud', 'Bollinger Bands', and 'Moving Averages' to analyze price trends, identify potential breakouts, and make informed trading decisions. These footprints provide valuable insights into market trends and can be used in conjunction with other technical analysis tools.
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