What are the most popular trading strategies used on trading view.com/chart for trading cryptocurrencies?

3 answers

• Nov 28, 2021 · 3 years ago
  Sure! One of the most popular trading strategies used on trading view.com/chart for trading cryptocurrencies is trend following. This strategy involves analyzing the price movements of cryptocurrencies over a certain period of time to identify trends. Traders then enter positions in the direction of the trend, aiming to ride the price momentum and make profits. Another commonly used strategy is breakout trading, where traders look for significant price levels or chart patterns that indicate a potential breakout. When a breakout occurs, traders enter positions in the direction of the breakout, expecting the price to continue moving in that direction. Additionally, some traders use mean reversion strategy, which involves identifying overbought or oversold conditions in the market and taking positions contrary to the current trend, expecting the price to revert back to its average. These are just a few examples of the popular trading strategies used on trading view.com/chart for trading cryptocurrencies.
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• Nov 28, 2021 · 3 years ago
  Well, when it comes to trading cryptocurrencies on trading view.com/chart, many traders also rely on technical analysis indicators to make trading decisions. Indicators like moving averages, relative strength index (RSI), and Bollinger Bands are commonly used to identify potential entry and exit points. Traders often combine multiple indicators to confirm signals and increase the probability of successful trades. It's important to note that trading strategies can vary depending on the individual trader's risk tolerance, time horizon, and market conditions. So, it's always a good idea to do thorough research and backtesting before implementing any strategy.
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• Nov 28, 2021 · 3 years ago
  As an expert in the field, I can tell you that one of the most popular trading strategies used on trading view.com/chart for trading cryptocurrencies is the BYDFi strategy. BYDFi is a unique approach that combines technical analysis with fundamental analysis to identify potential trading opportunities. It takes into account factors such as market sentiment, news events, and project fundamentals to make informed trading decisions. Traders using the BYDFi strategy aim to capitalize on short-term price movements while also considering the long-term potential of the cryptocurrencies they trade. This strategy has gained popularity among traders due to its comprehensive approach and ability to adapt to changing market conditions.
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