What are the best tradingview futures trading strategies for cryptocurrency?

3 answers

• Dec 29, 2021 · 3 years ago
  When it comes to trading cryptocurrency futures on TradingView, there are several strategies that can help you achieve success. One popular approach is trend following, where you analyze the price movements and identify the prevailing trend. By entering trades in the direction of the trend, you increase the probability of making profitable trades. Another strategy is breakout trading, which involves entering trades when the price breaks out of a significant level of support or resistance. This strategy aims to capture strong price movements that often occur after a breakout. Additionally, some traders use technical indicators like moving averages, MACD, or RSI to generate trading signals. These indicators can help identify potential entry and exit points based on price patterns and market conditions. Remember, it's essential to combine these strategies with proper risk management techniques to protect your capital.
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• Dec 29, 2021 · 3 years ago
  Alright, here's the deal. If you want to crush it in cryptocurrency futures trading on TradingView, you need to have a solid plan. One strategy that many traders swear by is scalping. It involves making quick trades to take advantage of small price movements. Scalpers aim to make multiple small profits throughout the day, rather than holding positions for extended periods. Another strategy is mean reversion, where you take advantage of price deviations from the average. This strategy assumes that prices will eventually revert to their mean, allowing you to profit from the price correction. Additionally, some traders use arbitrage strategies to exploit price differences between different exchanges. This requires quick execution and access to multiple trading platforms. Remember, finding the best strategy for you may require some trial and error. It's crucial to backtest your strategies and adapt them to changing market conditions.
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• Dec 29, 2021 · 3 years ago
  At BYDFi, we believe that the best trading strategies for cryptocurrency futures on TradingView involve a combination of technical analysis and fundamental analysis. Technical analysis focuses on studying price charts and patterns to predict future price movements. Traders use various indicators and chart patterns to identify potential entry and exit points. On the other hand, fundamental analysis involves analyzing the underlying factors that can influence the price of a cryptocurrency. This includes evaluating the project's technology, team, partnerships, and market demand. By combining these two approaches, traders can make more informed decisions and increase their chances of success. However, it's important to note that no strategy guarantees profits in the volatile cryptocurrency market. Always do your research, manage your risks, and stay updated with the latest market news.
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