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Which indicators should I use on TradingView for BTC trading?

avatarSalimaDec 25, 2021 · 3 years ago3 answers

I'm new to BTC trading and I want to use TradingView for technical analysis. Can anyone recommend which indicators I should use on TradingView specifically for BTC trading? I want to make informed trading decisions and maximize my profits. Any suggestions?

Which indicators should I use on TradingView for BTC trading?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    As a professional trader, I highly recommend using the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators on TradingView for BTC trading. These indicators can help you identify trends, momentum, and potential reversal points in the BTC market. Make sure to adjust the settings based on your trading strategy and time frame. Good luck!
  • avatarDec 25, 2021 · 3 years ago
    Hey there! If you're just starting out with BTC trading on TradingView, I suggest keeping it simple. Start with the basic indicators like the Simple Moving Average (SMA) and Bollinger Bands. These indicators can give you a good sense of the overall trend and volatility of BTC. Remember, it's important to combine indicators with other analysis tools and your own research for better results. Happy trading!
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a popular trading platform, recommends using the Ichimoku Cloud indicator on TradingView for BTC trading. This indicator provides a comprehensive view of support, resistance, and trend direction. It's especially useful for identifying potential entry and exit points. Give it a try and see how it fits into your trading strategy. Remember to always do your own research and make informed decisions. Happy trading!