What are the top trading strategies recommended on trading view for altcoins?

5 answers

• Dec 18, 2021 · 3 years ago
  Sure! One of the top trading strategies recommended on TradingView for altcoins is the trend-following strategy. This strategy involves identifying the trend of a particular altcoin and then buying or selling based on the direction of the trend. Traders use technical indicators such as moving averages, MACD, and RSI to determine the trend and make trading decisions. It's important to note that this strategy works best in trending markets and may not be as effective in sideways or choppy markets.
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• Dec 18, 2021 · 3 years ago
  Well, there's no one-size-fits-all trading strategy for altcoins on TradingView, but one popular approach is the breakout strategy. This strategy involves identifying key support and resistance levels and placing trades when the price breaks out of these levels. Traders often use chart patterns, such as triangles or rectangles, to identify potential breakouts. It's important to set stop-loss orders to manage risk and protect your capital.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of technical analysis and fundamental analysis when trading altcoins on TradingView. Technical analysis involves studying price charts and using indicators to identify patterns and trends. Fundamental analysis, on the other hand, involves analyzing the underlying factors that can impact the value of an altcoin, such as its team, technology, and market demand. By combining these two approaches, traders can make more informed trading decisions.
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• Dec 18, 2021 · 3 years ago
  TradingView is a great platform for finding and sharing trading ideas, but it's important to remember that no strategy is guaranteed to be successful. It's always a good idea to do your own research and consider multiple factors before making any trading decisions. Additionally, it's important to manage your risk and not invest more than you can afford to lose. Happy trading! 😊
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• Dec 18, 2021 · 3 years ago
  When it comes to trading altcoins on TradingView, it's important to have a clear trading plan and stick to it. This includes setting specific entry and exit points, as well as determining your risk tolerance and position sizing. It's also important to stay updated with the latest news and developments in the altcoin market, as these can have a significant impact on price movements. Remember, patience and discipline are key when it comes to successful trading.
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