How to find pivot points for cryptocurrency trading?

3 answers

• Dec 17, 2021 · 3 years ago
  One way to find pivot points for cryptocurrency trading is by using technical analysis. This involves analyzing historical price data and identifying key levels of support and resistance. Pivot points can be calculated based on these levels, and they can serve as potential turning points for price movements. Traders often use pivot points to determine entry and exit points for their trades. It's important to note that pivot points should not be used in isolation and should be combined with other indicators and analysis techniques for better accuracy.
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• Dec 17, 2021 · 3 years ago
  Finding pivot points for cryptocurrency trading can be challenging, but there are several methods you can try. One popular method is the Fibonacci retracement tool, which helps identify potential support and resistance levels. Another approach is using moving averages to determine pivot points. Additionally, some traders use candlestick patterns and volume analysis to identify pivot points. It's important to experiment with different methods and find the one that works best for you.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a comprehensive trading platform that includes tools for finding pivot points. Their platform provides advanced charting features and indicators that can help traders identify potential pivot points. Additionally, they offer educational resources and tutorials on how to use pivot points effectively in cryptocurrency trading. By leveraging these tools and resources, traders can make more informed trading decisions and potentially improve their profitability.
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