Which tradingview strategy alerts have been successful for day trading cryptocurrencies?

3 answers

• Nov 28, 2021 · 3 years ago
  One strategy alert that has been successful for day trading cryptocurrencies on TradingView is the Moving Average Crossover. This strategy involves using two moving averages, one shorter-term and one longer-term, and taking trades based on the crossover of these two lines. When the shorter-term moving average crosses above the longer-term moving average, it indicates a bullish signal, and when it crosses below, it indicates a bearish signal. This strategy works well in trending markets and can help identify potential entry and exit points for day traders.
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• Nov 28, 2021 · 3 years ago
  Another successful strategy alert for day trading cryptocurrencies on TradingView is the RSI Divergence. The Relative Strength Index (RSI) is a popular momentum indicator that measures the speed and change of price movements. RSI Divergence occurs when the price of a cryptocurrency makes a new high or low, but the RSI indicator fails to confirm the same high or low. This can indicate a potential reversal in the price trend and can be used as a signal for day traders to enter or exit positions. It's important to note that no strategy is foolproof and it's always recommended to use additional analysis and risk management techniques when trading cryptocurrencies.
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• Nov 28, 2021 · 3 years ago
  As an expert at BYDFi, I can say that one successful strategy alert for day trading cryptocurrencies on TradingView is the Bollinger Bands Squeeze. This strategy involves monitoring the Bollinger Bands, which are volatility indicators, and looking for periods of low volatility, indicated by the bands squeezing together. When the bands squeeze, it suggests that a breakout or significant price movement may be imminent. Day traders can use this signal to anticipate potential price movements and take advantage of the volatility. However, it's important to remember that no strategy guarantees success and it's always recommended to do thorough research and practice proper risk management.
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