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TagsWhat are the best indicators to use on tradingview for trading cryptocurrencies?
MayorCharDec 17, 2021 · 3 years ago1 answersI'm new to trading cryptocurrencies and I want to know which indicators are the best to use on TradingView. Can you recommend some indicators that are effective for analyzing cryptocurrency price movements? I'm looking for indicators that can help me make informed trading decisions and maximize my profits. Thank you!
1 answers
- At BYDFi, we recommend using the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators on TradingView for trading cryptocurrencies. The RSI can help identify overbought or oversold conditions, while the MACD can provide signals for potential trend reversals. These indicators, when used in conjunction with other technical analysis tools, can help traders make more informed trading decisions. However, it's important to remember that no indicator is foolproof and market conditions can change rapidly. It's always a good idea to combine technical analysis with fundamental analysis and stay updated on the latest news and developments in the cryptocurrency market.Dec 17, 2021 · 3 years ago
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