Which tradingview chart layout is recommended for technical analysis of Bitcoin price movements?

3 answers

• Dec 24, 2021 · 3 years ago
  When it comes to technical analysis of Bitcoin price movements, the recommended chart layout on TradingView is the 'Candlestick' chart. Candlestick charts provide a visual representation of price movements over a specific time period, allowing traders to identify patterns and trends. Additionally, TradingView offers a wide range of technical indicators and drawing tools that can be added to the chart to further enhance the analysis. By using the Candlestick chart layout and combining it with popular indicators like Moving Averages and Relative Strength Index (RSI), traders can gain valuable insights into the Bitcoin market and make more informed trading decisions.
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• Dec 24, 2021 · 3 years ago
  If you're looking for a simple and user-friendly chart layout on TradingView for technical analysis of Bitcoin price movements, I would recommend the 'Line' chart. The Line chart provides a clear and easy-to-understand representation of the price trend over time. While it may not offer as much detail as the Candlestick chart, it can still be effective in identifying key support and resistance levels. Additionally, TradingView allows users to customize the Line chart by adding indicators and drawing tools to further enhance the analysis. So, if you're new to technical analysis and prefer a more straightforward chart layout, the Line chart on TradingView is a good option for analyzing Bitcoin price movements.
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• Dec 24, 2021 · 3 years ago
  For technical analysis of Bitcoin price movements, BYDFi recommends using the 'Heikin-Ashi' chart layout on TradingView. Heikin-Ashi charts are similar to Candlestick charts but use a modified formula to calculate the open, close, high, and low prices. This modification helps to filter out market noise and provides a smoother representation of price trends. By using the Heikin-Ashi chart layout, traders can focus on the overall trend of Bitcoin price movements and make more accurate predictions. Additionally, TradingView offers a wide range of technical indicators that can be added to the Heikin-Ashi chart to further enhance the analysis. So, if you're looking for a unique and effective chart layout for technical analysis of Bitcoin, give the Heikin-Ashi chart on TradingView a try.
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