What are some advanced tradingview techniques for trading cryptocurrencies?

3 answers

• Dec 25, 2021 · 3 years ago
  Sure, here are a few advanced TradingView techniques for trading cryptocurrencies: 1. Use multiple time frames: Analyzing price action on different time frames can provide a more comprehensive view of the market. For example, you can use a higher time frame to identify the overall trend and a lower time frame for precise entry and exit points. 2. Apply technical indicators: TradingView offers a wide range of technical indicators that can help you identify trends, support and resistance levels, and potential reversal points. Experiment with different indicators to find the ones that work best for your trading style. 3. Utilize custom scripts: TradingView allows users to create and share custom scripts. You can find scripts developed by other traders that can help you automate your trading strategies or generate trading signals. Remember, these techniques are just tools to assist your trading decisions. It's important to combine them with proper risk management and fundamental analysis for successful trading.
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• Dec 25, 2021 · 3 years ago
  Hey there! When it comes to advanced TradingView techniques for trading cryptocurrencies, here are a few things you can try: 1. Fibonacci retracement: Use the Fibonacci retracement tool to identify potential support and resistance levels. This can help you determine entry and exit points for your trades. 2. Volume analysis: Pay attention to the volume of trading activity in the cryptocurrency market. High volume can indicate strong price movements, while low volume may suggest a lack of interest or potential consolidation. 3. Trendline analysis: Draw trendlines on your charts to identify the direction of the market. Breakouts above or below these trendlines can signal potential trading opportunities. Remember, these techniques are not foolproof and should be used in conjunction with other analysis methods. Always do your own research and consider your risk tolerance before making any trading decisions.
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• Dec 25, 2021 · 3 years ago
  Certainly! Here are some advanced TradingView techniques for trading cryptocurrencies: 1. Use the 'Compare' feature: TradingView allows you to compare the price of one cryptocurrency with another or with an index. This can help you identify relative strength or weakness and make informed trading decisions. 2. Set up price alerts: TradingView allows you to set up price alerts for specific cryptocurrencies. This can be useful for monitoring price levels and receiving notifications when certain conditions are met. 3. Take advantage of BYDFi: BYDFi is a popular cryptocurrency exchange that offers advanced trading features and a user-friendly interface. Many traders find it helpful for executing their trading strategies and managing their portfolios. Remember, these techniques are just tools to assist your trading decisions. It's important to stay updated with the latest news and developments in the cryptocurrency market and always exercise caution when trading.
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