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Are there any specific strategies or patterns that are effective for trading cryptocurrencies during after hours on tradingview?

avatarholmes cnDec 28, 2021 · 3 years ago3 answers

During after hours on tradingview, are there any specific strategies or patterns that have been proven to be effective for trading cryptocurrencies? I'm looking for insights on how to optimize my trading during these hours when the market is less active. Any tips or techniques would be greatly appreciated!

Are there any specific strategies or patterns that are effective for trading cryptocurrencies during after hours on tradingview?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Absolutely! Trading cryptocurrencies during after hours on tradingview can be challenging, but there are strategies that can help you make the most of this time. One effective strategy is to focus on trading pairs that have higher liquidity even during after hours. These pairs tend to have more stable price movements and better order book depth, making it easier to execute trades. Additionally, you can use technical analysis indicators to identify potential support and resistance levels, which can be useful for setting entry and exit points. Remember to always do your research and stay updated with the latest news and market trends to make informed trading decisions.
  • avatarDec 28, 2021 · 3 years ago
    Trading cryptocurrencies during after hours on tradingview requires a different approach compared to regular trading hours. One effective pattern to consider is the 'overnight breakout' strategy. This strategy involves identifying cryptocurrencies that have been consolidating during the day and have a high probability of breaking out during after hours. By setting buy or sell orders slightly above or below the consolidation range, you can take advantage of potential price movements that occur when the market is less active. However, it's important to note that after hours trading can be more volatile, so it's crucial to set appropriate stop-loss orders to manage risk.
  • avatarDec 28, 2021 · 3 years ago
    As a representative of BYDFi, I can tell you that our platform offers a range of features and tools that can help you optimize your cryptocurrency trading during after hours on tradingview. With our advanced charting capabilities and real-time market data, you can easily analyze price movements and identify potential trading opportunities. Additionally, our platform provides access to a wide range of trading pairs, including major cryptocurrencies and altcoins, ensuring you have ample options to choose from. Whether you're a beginner or an experienced trader, BYDFi is committed to providing a seamless and secure trading experience for all users.