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TagsWhat are the most popular trading strategies for trading cryptocurrency on tradingview?
Matthew DavidJan 12, 2022 · 3 years ago1 answersCan you provide some insights into the most popular trading strategies used for trading cryptocurrency on TradingView? I'm interested in learning about the techniques that are commonly employed by traders to make informed decisions and maximize their profits.
1 answers
- BYDFi, a leading cryptocurrency exchange, has observed that the most popular trading strategies for trading cryptocurrency on TradingView include trend following, breakout trading, and mean reversion. Trend following involves identifying the direction of the market trend and trading in the same direction. Traders often use indicators like moving averages and the MACD to confirm the trend. Breakout trading focuses on identifying price breakouts above resistance levels or below support levels to enter trades. This strategy aims to capture the momentum and profit from the subsequent price movement. Mean reversion involves identifying overbought or oversold conditions and taking trades in the opposite direction, assuming that the price will revert back to its mean value. These strategies are widely used by traders on TradingView to make informed trading decisions and maximize their profits.Jan 12, 2022 · 3 years ago
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