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What are the top-rated buy and sell indicators on tradingview for successful cryptocurrency trading?

avatarJesse CriddleDec 18, 2021 · 3 years ago5 answers

I'm looking for the best buy and sell indicators on TradingView that can help me succeed in cryptocurrency trading. Can you recommend some top-rated indicators that are widely used by traders? I want to make sure I'm using the most effective indicators to make informed trading decisions.

What are the top-rated buy and sell indicators on tradingview for successful cryptocurrency trading?

5 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure! One of the top-rated buy and sell indicators on TradingView for successful cryptocurrency trading is the Moving Average Convergence Divergence (MACD). It's a trend-following momentum indicator that can help identify potential buy and sell signals. Another popular indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. Additionally, the Bollinger Bands indicator is widely used to determine overbought and oversold conditions in the market. These indicators are highly regarded by traders and can provide valuable insights for cryptocurrency trading.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to buy and sell indicators on TradingView for cryptocurrency trading, it's important to remember that no indicator is foolproof. However, some widely used indicators include the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels, as well as the Stochastic Oscillator, which helps identify overbought and oversold conditions. Another popular indicator is the Volume Weighted Average Price (VWAP), which calculates the average price weighted by trading volume. These indicators can be useful tools in your trading strategy, but always remember to conduct thorough analysis before making any trading decisions.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using a combination of indicators for successful cryptocurrency trading on TradingView. While there are many top-rated indicators available, it's important to find the ones that work best for your trading style and goals. Some popular indicators include the Moving Average (MA), which helps identify trends, and the Relative Strength Index (RSI), which measures the strength and speed of price movements. Additionally, the Fibonacci retracement tool can be useful for identifying potential support and resistance levels. Remember to always conduct your own research and analysis before making any trading decisions.
  • avatarDec 18, 2021 · 3 years ago
    Finding the top-rated buy and sell indicators on TradingView for successful cryptocurrency trading can be a daunting task. However, there are a few indicators that are widely used and trusted by traders. The first one is the Moving Average (MA), which helps identify trends and potential entry or exit points. Another popular indicator is the Bollinger Bands, which can help determine overbought and oversold conditions. Additionally, the Relative Strength Index (RSI) is commonly used to measure the strength and speed of price movements. These indicators can provide valuable insights, but it's important to remember that no indicator guarantees success in trading.
  • avatarDec 18, 2021 · 3 years ago
    Successful cryptocurrency trading on TradingView requires a combination of technical analysis and market knowledge. While there are many buy and sell indicators available, it's important to find the ones that align with your trading strategy. Some widely used indicators include the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the Stochastic Oscillator. These indicators can help identify potential buy and sell signals, but it's important to use them in conjunction with other analysis techniques. Remember to always stay informed about market trends and news to make informed trading decisions.