What are the best trading strategies for using TradingView in the cryptocurrency market?

3 answers

• Dec 29, 2021 · 3 years ago
  One of the best trading strategies for using TradingView in the cryptocurrency market is trend following. This strategy involves identifying the direction of the market trend using various technical indicators available on TradingView, such as moving averages and trend lines. By following the trend, traders can enter positions in the direction of the trend and increase their chances of making profitable trades. It is important to combine trend following with proper risk management techniques to minimize potential losses.
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• Dec 29, 2021 · 3 years ago
  Another effective trading strategy for using TradingView in the cryptocurrency market is breakout trading. This strategy involves identifying key support and resistance levels on the charts and entering positions when the price breaks out of these levels. Traders can use TradingView's tools, such as horizontal lines and price alerts, to identify and monitor these breakout levels. Breakout trading can be profitable when the price breaks out with high volume and momentum, indicating a strong move in the market.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a combination of technical analysis and fundamental analysis when trading on TradingView. Technical analysis involves analyzing price charts and using various indicators to make trading decisions. Fundamental analysis involves evaluating the underlying factors that can impact the value of a cryptocurrency, such as news, partnerships, and market trends. By combining both types of analysis, traders can make more informed trading decisions and increase their chances of success.
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