What are the best indicators to use on TradingView when trading cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  One of the most popular indicators used by traders on TradingView when trading cryptocurrencies is the Moving Average Convergence Divergence (MACD). This indicator helps identify potential trend reversals and provides signals for buying or selling cryptocurrencies. Another commonly used indicator is the Relative Strength Index (RSI), which measures the strength and speed of a price movement. Traders also often rely on the Bollinger Bands indicator, which helps identify overbought or oversold conditions. These are just a few examples of the many indicators available on TradingView that can be useful for trading cryptocurrencies.
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• Dec 18, 2021 · 3 years ago
  When it comes to choosing the best indicators for trading cryptocurrencies on TradingView, it really depends on your trading strategy and personal preferences. Some traders prefer to use a combination of indicators to confirm their trading decisions, while others rely on a single indicator that they find most effective. It's important to experiment with different indicators and find the ones that work best for you. Remember, no indicator is foolproof, and it's always important to consider other factors such as market trends and news events when making trading decisions.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a combination of indicators on TradingView to maximize your trading success. Some of the indicators they suggest include the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Bollinger Bands. These indicators can help you identify potential entry and exit points and make more informed trading decisions. However, it's important to note that no indicator can guarantee profits, and it's always important to do your own research and analysis before making any trading decisions.
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