What are some popular tradingview strategies for trading cryptocurrencies?

3 answers

• Nov 27, 2021 · 3 years ago
  Sure! One popular tradingview strategy for trading cryptocurrencies is the Moving Average Crossover. This strategy involves using two moving averages, typically the 50-day and 200-day moving averages, and looking for the point at which they cross over each other. When the shorter-term moving average crosses above the longer-term moving average, it is considered a bullish signal, indicating a potential buying opportunity. Conversely, when the shorter-term moving average crosses below the longer-term moving average, it is considered a bearish signal, indicating a potential selling opportunity. Traders often use this strategy to identify trends and make trading decisions based on the direction of the moving averages.
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• Nov 27, 2021 · 3 years ago
  Another popular tradingview strategy for trading cryptocurrencies is the RSI (Relative Strength Index) divergence. The RSI is a momentum oscillator that measures the speed and change of price movements. Traders using this strategy look for divergences between the RSI and the price of the cryptocurrency. For example, if the price of the cryptocurrency is making higher highs, but the RSI is making lower highs, it could indicate a potential reversal or correction in the price. Traders often use this strategy to identify overbought or oversold conditions and make trading decisions based on the divergence between the RSI and the price.
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• Nov 27, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, provides a wide range of tradingview strategies for trading cryptocurrencies. They offer a variety of indicators and tools on their platform that can be used to analyze and make trading decisions. Some of the popular strategies available on BYDFi include the Bollinger Bands, MACD (Moving Average Convergence Divergence), and Fibonacci retracement. Traders can customize their charts and indicators on BYDFi to suit their trading style and preferences. It's worth exploring the different strategies offered by BYDFi to find the ones that work best for you.
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