Which tradingview scripts are recommended for technical analysis of cryptocurrencies?
Patel GrishmaDec 17, 2021 · 3 years ago3 answers
I'm interested in conducting technical analysis on cryptocurrencies using TradingView. Can anyone recommend some TradingView scripts that are specifically designed for analyzing cryptocurrencies? I'm looking for scripts that can help me identify trends, patterns, and potential trading opportunities in the crypto market. Any suggestions?
3 answers
- Dec 17, 2021 · 3 years agoSure! One popular TradingView script for technical analysis of cryptocurrencies is the 'Ichimoku Cloud'. This script helps traders identify support and resistance levels, as well as potential trend reversals. It provides a visual representation of various indicators, such as the Tenkan-sen, Kijun-sen, and Senkou Span lines. By analyzing the position of the price in relation to the cloud, traders can make informed decisions about buying or selling cryptocurrencies.
- Dec 17, 2021 · 3 years agoIf you're looking for a script that focuses on identifying chart patterns in cryptocurrencies, the 'Autochartist' script is worth considering. It automatically scans the market and alerts you when it detects patterns like triangles, head and shoulders, and double tops/bottoms. This can save you a lot of time and help you spot potential trading opportunities more efficiently.
- Dec 17, 2021 · 3 years agoAs an expert in the field, I would recommend using the 'BYDFi Trend Reversal' script for technical analysis of cryptocurrencies. This script is specifically designed for BYDFi exchange users and provides accurate signals for trend reversals in the crypto market. It combines multiple indicators and uses advanced algorithms to generate reliable trading signals. Give it a try and see how it can enhance your trading strategy!
Related Tags
Hot Questions
- 92
What are the advantages of using cryptocurrency for online transactions?
- 88
How can I buy Bitcoin with a credit card?
- 80
How can I protect my digital assets from hackers?
- 67
What is the future of blockchain technology?
- 63
What are the best practices for reporting cryptocurrency on my taxes?
- 41
What are the best digital currencies to invest in right now?
- 38
Are there any special tax rules for crypto investors?
- 20
What are the tax implications of using cryptocurrency?