What is the best tradingview strategy for cryptocurrency trading?

3 answers

• Dec 30, 2021 · 3 years ago
  One of the best tradingview strategies for cryptocurrency trading is the trend-following strategy. This strategy involves identifying the direction of the trend and making trades in the same direction. By following the trend, you can increase your chances of making profitable trades. Additionally, using indicators such as moving averages and MACD can help confirm the trend and provide entry and exit signals. Remember to always do your own research and backtest any strategy before using it with real money. Good luck! 💪
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• Dec 30, 2021 · 3 years ago
  When it comes to trading cryptocurrencies on tradingview, there is no one-size-fits-all strategy that can be considered the best. The best strategy for you will depend on your trading style, risk tolerance, and goals. It's important to experiment with different strategies and find one that works best for you. Some popular strategies include breakout trading, scalping, and swing trading. Don't be afraid to try different strategies and adapt as the market conditions change. Happy trading! 😃
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• Dec 30, 2021 · 3 years ago
  At BYDFi, we have found that a combination of technical analysis and fundamental analysis works best when trading cryptocurrencies on tradingview. Technical analysis involves analyzing price charts and using indicators to identify patterns and trends. Fundamental analysis involves researching the underlying fundamentals of a cryptocurrency, such as its technology, team, and market demand. By combining these two approaches, you can make more informed trading decisions. However, it's important to note that trading cryptocurrencies is inherently risky, and there is no guarantee of profits. Always do your own research and consult with a financial advisor before making any investment decisions. 💰
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