What are some of the most effective tradingview indicators for making profitable cryptocurrency trades?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure, there are several tradingview indicators that can be helpful in making profitable cryptocurrency trades. One popular indicator is the Moving Average Convergence Divergence (MACD), which can help identify potential trend reversals and generate buy or sell signals. Another useful indicator is the Relative Strength Index (RSI), which can indicate overbought or oversold conditions in the market. Additionally, the Bollinger Bands indicator can help identify volatility and potential price breakouts. It's important to note that no indicator can guarantee profits, but using a combination of these indicators along with proper risk management can increase your chances of making profitable trades.
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• Dec 17, 2021 · 3 years ago
  When it comes to tradingview indicators for cryptocurrency trades, it's important to find the ones that work best for your trading strategy and style. Some traders swear by the Ichimoku Cloud indicator, which provides a comprehensive view of support and resistance levels, as well as trend direction. Others find the Volume Profile indicator useful for identifying areas of high trading activity and potential price reversals. Ultimately, it's a matter of personal preference and experimentation to find the indicators that align with your trading goals.
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• Dec 17, 2021 · 3 years ago
  As a representative of BYDFi, I can recommend the use of the Stochastic Oscillator as an effective tradingview indicator for making profitable cryptocurrency trades. The Stochastic Oscillator can help identify overbought and oversold conditions, which can be useful for timing entry and exit points. It's important to combine this indicator with other technical analysis tools and indicators to confirm signals and make informed trading decisions. Remember to always do your own research and consider multiple factors before making any trading decisions.
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