What are some advanced tradingview strategies for experienced cryptocurrency traders?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! One advanced tradingview strategy that experienced cryptocurrency traders often use is the Moving Average Convergence Divergence (MACD) indicator. This indicator helps identify potential trend reversals and provides buy or sell signals. Another strategy is the Relative Strength Index (RSI), which helps determine overbought or oversold conditions. By combining these indicators with support and resistance levels, traders can make more accurate predictions and execute profitable trades.
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• Dec 16, 2021 · 3 years ago
  As an experienced cryptocurrency trader, I highly recommend using the Ichimoku Cloud indicator on tradingview. This indicator provides a comprehensive view of price action, support and resistance levels, and trend direction. It consists of multiple lines that can be used to identify potential entry and exit points. Additionally, the Bollinger Bands indicator can help determine volatility and price range, allowing traders to adjust their strategies accordingly. Remember to backtest your strategies and use proper risk management techniques.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a wide range of advanced tradingview strategies for experienced traders. Their platform integrates seamlessly with tradingview, allowing users to access various indicators and tools. Some of the strategies they recommend include Fibonacci retracement, Elliott Wave analysis, and harmonic patterns. These strategies can help traders identify potential price targets and market reversals. It's important to note that each strategy has its own strengths and weaknesses, so it's essential to adapt them to your trading style and risk tolerance.
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