What are the most popular candlestick settings used by professional cryptocurrency traders on TradingView?

5 answers

• Dec 29, 2021 · 3 years ago
  Professional cryptocurrency traders on TradingView often rely on specific candlestick settings to analyze price movements and identify potential trading opportunities. One popular setting is the '5-minute' timeframe, which allows traders to capture short-term price fluctuations and make quick decisions. Another commonly used setting is the '1-hour' timeframe, which provides a broader view of price trends and helps traders identify key support and resistance levels. Additionally, traders often use candlestick patterns such as 'doji' and 'hammer' to spot potential trend reversals or continuation patterns. These settings and patterns, combined with other technical indicators, help professional traders make informed trading decisions on TradingView.
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• Dec 29, 2021 · 3 years ago
  When it comes to candlestick settings on TradingView, professional cryptocurrency traders have their preferences. Some traders prefer shorter timeframes like '1-minute' or '15-minute' to capture quick price movements and scalp profits. On the other hand, some traders opt for longer timeframes like '4-hour' or 'daily' to identify significant price trends and make more strategic trading decisions. It's important to note that the choice of candlestick settings may vary depending on the trader's trading style, risk tolerance, and the specific cryptocurrency being traded.
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• Dec 29, 2021 · 3 years ago
  As an expert in the field, I can tell you that professional cryptocurrency traders on TradingView often use a combination of candlestick settings to analyze price movements. While there's no one-size-fits-all approach, many traders find the '1-hour' and '4-hour' timeframes to be effective in identifying key support and resistance levels. Additionally, traders often pay attention to candlestick patterns such as 'engulfing' and 'harami' to spot potential trend reversals. It's worth mentioning that BYDFi, a popular cryptocurrency exchange, provides a wide range of candlestick settings on its platform, allowing traders to customize their analysis based on their preferences.
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• Dec 29, 2021 · 3 years ago
  Candlestick settings used by professional cryptocurrency traders on TradingView can vary depending on their trading strategies and preferences. Some traders prefer shorter timeframes like '5-minute' or '15-minute' to capture short-term price movements and make quick trading decisions. Others may opt for longer timeframes like '1-hour' or '4-hour' to identify broader price trends and make more informed trading choices. Additionally, traders often use candlestick patterns such as 'bullish engulfing' or 'bearish harami' to confirm their analysis and make trading decisions. It's important to experiment with different settings and find what works best for your trading style and goals.
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• Dec 29, 2021 · 3 years ago
  When it comes to candlestick settings on TradingView, professional cryptocurrency traders have their own preferences. Some traders find the '1-hour' timeframe to be effective in capturing price trends and identifying key support and resistance levels. Others may prefer shorter timeframes like '15-minute' or '30-minute' to make quick trading decisions based on short-term price movements. It's important to note that the choice of candlestick settings may vary depending on the trader's trading strategy and the specific cryptocurrency being traded. Regardless of the settings, it's crucial to combine candlestick analysis with other technical indicators for a comprehensive trading approach.
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