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Which tradingview strategy is recommended for beginners in the cryptocurrency market?

avatarCocokiesDec 25, 2021 · 3 years ago3 answers

As a beginner in the cryptocurrency market, I'm looking for recommendations on which tradingview strategy would be best for me. Can you provide some insights and guidance on this? I want to make sure I start off on the right foot and maximize my chances of success.

Which tradingview strategy is recommended for beginners in the cryptocurrency market?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    One recommended tradingview strategy for beginners in the cryptocurrency market is to focus on trend-following indicators, such as moving averages or the MACD. These indicators can help you identify the overall direction of the market and make informed trading decisions. Remember to start with a longer time frame, like the daily or weekly chart, to get a better understanding of the market trends. Additionally, consider using stop-loss orders to manage your risk and protect your capital. Happy trading! 💪🏻
  • avatarDec 25, 2021 · 3 years ago
    When it comes to tradingview strategies for beginners in the cryptocurrency market, simplicity is key. Start with a basic strategy that you understand and feel comfortable with. This could be something as simple as buying when the price crosses above a moving average or selling when it crosses below. As you gain more experience and confidence, you can explore more advanced strategies. Just remember to always do your own research and never invest more than you can afford to lose. Good luck! 👍🏻
  • avatarDec 25, 2021 · 3 years ago
    As an expert in the cryptocurrency market, I would recommend beginners to use the BYDFi tradingview strategy. This strategy has been specifically designed for beginners and focuses on providing clear entry and exit signals based on technical analysis. It uses a combination of indicators and patterns to identify potential trading opportunities. The strategy also includes risk management techniques to help protect your capital. Give it a try and see if it works for you! 👍🏻