Which tradingview chart settings are recommended for technical analysis in the cryptocurrency market?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to technical analysis in the cryptocurrency market, using the right chart settings on TradingView can make a big difference. Here are a few recommendations: 1. Timeframe: Start by selecting a timeframe that aligns with your trading strategy. For short-term trading, use lower timeframes like 5 minutes or 15 minutes. For long-term analysis, consider daily or weekly timeframes. 2. Indicators: Experiment with different indicators to find the ones that work best for you. Popular choices include Moving Averages, RSI, MACD, and Bollinger Bands. 3. Candlestick Style: Use candlestick charts for a clearer visualization of price movements. You can choose between different styles like Heikin Ashi or Renko. Remember, these are just recommendations. It's important to customize your chart settings based on your own trading style and preferences.
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• Dec 17, 2021 · 3 years ago
  When it comes to technical analysis in the cryptocurrency market, TradingView is a popular choice among traders. Here are some recommended chart settings: 1. Timeframe: Select a timeframe that suits your trading strategy. Short-term traders may prefer lower timeframes like 5 minutes or 15 minutes, while long-term traders may opt for daily or weekly timeframes. 2. Indicators: Experiment with different indicators to identify trends and patterns. Some commonly used indicators in cryptocurrency analysis include Moving Averages, RSI, MACD, and Fibonacci retracement levels. 3. Chart Type: Candlestick charts are widely used in cryptocurrency analysis due to their ability to display price movements effectively. You can customize the chart type and color scheme to your preference. Remember, technical analysis is just one aspect of trading. It's important to combine it with fundamental analysis and risk management strategies for a comprehensive approach to cryptocurrency trading.
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• Dec 17, 2021 · 3 years ago
  When it comes to technical analysis in the cryptocurrency market, TradingView offers a wide range of chart settings to enhance your analysis. Here are some recommended settings: 1. Timeframe: Choose a timeframe that aligns with your trading goals. Short-term traders may prefer lower timeframes like 5 minutes or 15 minutes, while long-term traders may focus on daily or weekly timeframes. 2. Indicators: Utilize popular indicators like Moving Averages, RSI, MACD, and Stochastic Oscillator to identify trends and potential entry/exit points. 3. Chart Style: Candlestick charts are commonly used in cryptocurrency analysis due to their ability to display price action patterns. Experiment with different chart styles and color schemes to find the one that suits your preference. Remember, the choice of chart settings ultimately depends on your trading strategy and personal preferences. It's important to backtest and analyze the effectiveness of different settings before making trading decisions.
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