What are the best indicators for tradingview in the cryptocurrency market?

3 answers

• Dec 26, 2021 · 3 years ago
  One of the best indicators to use on TradingView for cryptocurrency trading is the Moving Average Convergence Divergence (MACD). It helps identify trend reversals and provides signals for buying or selling. Another popular indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. Additionally, the Bollinger Bands indicator can be useful for determining overbought and oversold conditions. Remember to combine multiple indicators and use them in conjunction with other analysis tools for better accuracy.
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• Dec 26, 2021 · 3 years ago
  When it comes to choosing the best indicators for cryptocurrency trading on TradingView, it really depends on your trading strategy and personal preferences. Some traders swear by the Ichimoku Cloud indicator, which provides a comprehensive view of support, resistance, and trend direction. Others find the Stochastic Oscillator helpful in identifying overbought and oversold levels. Don't forget to consider volume indicators like the On-Balance Volume (OBV) as well, as they can provide valuable insights into market sentiment. Experiment with different indicators and find the ones that work best for you!
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of indicators to analyze the cryptocurrency market on TradingView. Our top picks include the MACD, RSI, and the Ichimoku Cloud. These indicators have proven to be effective in identifying trends, reversals, and overbought/oversold conditions. However, it's important to note that indicators are just tools and should not be solely relied upon for making trading decisions. Always conduct thorough research, consider other factors like news and market sentiment, and practice proper risk management to maximize your chances of success.
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