Which Thinkorswim indicators are recommended for identifying profitable cryptocurrency trading opportunities?

3 answers

• Jan 14, 2022 · 3 years ago
  One recommended Thinkorswim indicator for identifying profitable cryptocurrency trading opportunities is the Moving Average Convergence Divergence (MACD). This indicator can help traders identify potential trend reversals and generate buy or sell signals based on the crossovers of its signal line and MACD line. By using the MACD indicator, traders can potentially spot profitable entry and exit points in the cryptocurrency market.
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• Jan 14, 2022 · 3 years ago
  Another useful Thinkorswim indicator for identifying profitable cryptocurrency trading opportunities is the Relative Strength Index (RSI). The RSI measures the speed and change of price movements and can help traders identify overbought or oversold conditions in the market. By using the RSI indicator, traders can potentially identify potential trend reversals and make profitable trading decisions in the cryptocurrency market.
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• Jan 14, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using the Bollinger Bands indicator on Thinkorswim for identifying profitable trading opportunities. The Bollinger Bands consist of a middle band, an upper band, and a lower band that are based on the standard deviation of price movements. Traders can use the Bollinger Bands to identify potential price breakouts or reversals, which can be profitable trading opportunities in the cryptocurrency market.
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