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What are the best tradingview futures indicators for cryptocurrency trading?

avatarMaybetsDec 17, 2021 · 3 years ago3 answers

I'm looking for the best tradingview futures indicators specifically designed for cryptocurrency trading. Can anyone recommend some indicators that are effective in predicting price movements and identifying trading opportunities in the cryptocurrency market? I want to make sure I have the right tools to analyze the market and make informed trading decisions. Any suggestions?

What are the best tradingview futures indicators for cryptocurrency trading?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    As a cryptocurrency trader, I highly recommend using the Ichimoku Cloud indicator on TradingView. It provides a comprehensive view of support and resistance levels, trend direction, and potential reversal points. The indicator consists of several lines that help identify key levels and trends in the market. It's a versatile tool that can be used for both short-term and long-term trading strategies. Give it a try and see how it works for you!
  • avatarDec 17, 2021 · 3 years ago
    When it comes to trading cryptocurrencies, I find that the Relative Strength Index (RSI) is a valuable indicator on TradingView. It helps identify overbought and oversold conditions, which can be useful for timing entry and exit points. Additionally, the Moving Average Convergence Divergence (MACD) indicator is great for spotting trend reversals and momentum shifts. These two indicators combined can provide valuable insights into the cryptocurrency market.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, recommends using the Bollinger Bands indicator on TradingView for cryptocurrency trading. This indicator helps identify periods of high volatility and potential price breakouts. It consists of a middle band, an upper band, and a lower band that represent different levels of price volatility. When the price moves close to the upper band, it may indicate overbought conditions, while moving close to the lower band may suggest oversold conditions. Keep an eye on the Bollinger Bands to spot potential trading opportunities!