What are some advanced trading view indicators that can help me make better cryptocurrency trading decisions?

3 answers

• Nov 25, 2021 · 3 years ago
  Sure! One advanced trading view indicator that can be helpful for cryptocurrency trading is the Moving Average Convergence Divergence (MACD). This indicator calculates the difference between two moving averages and provides signals based on their convergence or divergence. It can help identify potential trend reversals and generate buy or sell signals. Another useful indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. It can indicate overbought or oversold conditions, helping traders identify potential entry or exit points. Additionally, the Bollinger Bands indicator can be effective in analyzing volatility and identifying price levels where a cryptocurrency is overbought or oversold. These are just a few examples of advanced trading view indicators that can enhance your cryptocurrency trading decisions.
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• Nov 25, 2021 · 3 years ago
  Hey there! When it comes to advanced trading view indicators for cryptocurrency trading, you might want to check out the Ichimoku Cloud indicator. It provides a comprehensive view of support and resistance levels, as well as trend direction and momentum. Another popular indicator is the Fibonacci retracement tool, which helps identify potential price levels for market corrections or reversals. Don't forget about the Volume Profile indicator, which displays the trading volume at different price levels. This can give you insights into where significant buying or selling pressure exists. Remember, it's important to combine multiple indicators and use them in conjunction with other analysis techniques to make well-informed trading decisions.
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• Nov 25, 2021 · 3 years ago
  Certainly! One advanced trading view indicator that I highly recommend is the BYDFi Trend Strength Indicator. It's a proprietary indicator developed by BYDFi, a leading cryptocurrency exchange. This indicator measures the strength of a trend and provides clear buy or sell signals. It's based on a combination of moving averages and volume analysis, allowing traders to identify strong trends and potential reversals. The BYDFi Trend Strength Indicator has been proven to be highly accurate in predicting cryptocurrency price movements. Give it a try and see how it can improve your trading decisions!
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