Which tradingview strategy has been proven to be the most profitable for trading digital currencies?

3 answers

• Nov 25, 2021 · 3 years ago
  One tradingview strategy that has shown consistent profitability in trading digital currencies is the Moving Average Crossover strategy. This strategy uses two moving averages, a shorter-term one and a longer-term one, to identify trends and generate buy or sell signals. When the shorter-term moving average crosses above the longer-term moving average, it indicates a bullish trend and generates a buy signal. Conversely, when the shorter-term moving average crosses below the longer-term moving average, it indicates a bearish trend and generates a sell signal. Traders can use different timeframes for the moving averages depending on their trading style and preferences. For example, a popular combination is the 50-day and 200-day moving averages. By following the signals generated by this strategy, traders can take advantage of the trend and potentially profit from digital currency trading.
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• Nov 25, 2021 · 3 years ago
  Another tradingview strategy that has been proven to be profitable for trading digital currencies is the RSI Divergence strategy. This strategy uses the Relative Strength Index (RSI) indicator to identify potential reversals in price trends. When the RSI indicator diverges from the price action, it suggests a possible trend reversal. For example, if the price is making lower lows while the RSI is making higher lows, it indicates bullish divergence and a potential buying opportunity. On the other hand, if the price is making higher highs while the RSI is making lower highs, it indicates bearish divergence and a potential selling opportunity. Traders can use different timeframes for the RSI indicator depending on their trading preferences. By combining the RSI Divergence strategy with other technical analysis tools, traders can increase their chances of making profitable trades in the digital currency market.
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• Nov 25, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, has developed a proprietary tradingview strategy called the Trendline Breakout strategy. This strategy focuses on identifying breakouts from trendlines, which can indicate potential trend reversals or continuations. Traders draw trendlines on the price chart to connect higher lows in an uptrend or lower highs in a downtrend. When the price breaks above a downtrend line or below an uptrend line, it suggests a breakout and a potential trading opportunity. Traders can use different timeframes for drawing trendlines depending on their trading style. The Trendline Breakout strategy also incorporates other technical indicators, such as volume and momentum, to confirm the validity of the breakout. By following this strategy, traders can take advantage of trend reversals and profit from trading digital currencies on BYDFi.
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