What are the recommended chart settings for day trading cryptocurrencies on www.tradingview/chart?

3 answers

• Dec 24, 2021 · 3 years ago
  When it comes to day trading cryptocurrencies on www.tradingview/chart, there are a few recommended chart settings that can help you make better trading decisions. Firstly, it's important to use candlestick charts as they provide a clear visualization of price movements. Additionally, using indicators such as moving averages, Bollinger Bands, and Relative Strength Index (RSI) can help identify trends and potential entry/exit points. As for timeframes, many day traders prefer to use shorter timeframes like 5-minute or 15-minute charts to capture short-term price movements. However, it's important to experiment and find the settings that work best for your trading style and preferences.
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• Dec 24, 2021 · 3 years ago
  If you're day trading cryptocurrencies on www.tradingview/chart, there are a few chart settings that you might find useful. One popular indicator among day traders is the Volume Weighted Average Price (VWAP), which can help identify the average price at which a cryptocurrency has been traded throughout the day. Another useful setting is the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels, as well as potential trend reversals. Additionally, using multiple timeframes can provide a broader perspective on price movements and help confirm trading signals. Remember, it's important to adapt these settings to your own trading strategy and risk tolerance.
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• Dec 24, 2021 · 3 years ago
  When it comes to day trading cryptocurrencies on www.tradingview/chart, BYDFi recommends using a combination of technical indicators and chart settings to optimize your trading strategy. Some commonly used indicators include the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the Stochastic Oscillator. Additionally, using candlestick charts with shorter timeframes like 5-minute or 15-minute intervals can help capture short-term price movements. It's also important to set up alerts for key price levels or indicator crossovers to stay informed and make timely trading decisions. Remember, finding the right chart settings is a continuous process of experimentation and adjustment based on your trading style and goals.
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