common-close-0
BYDFi
Trade wherever you are!

Are there any strategies or indicators specific to non tradable symbols on TradingView that can be applied to cryptocurrency trading?

avatarDennis NeimanDec 25, 2021 · 3 years ago3 answers

I am wondering if there are any specific strategies or indicators on TradingView that can be used for cryptocurrency trading, especially for non tradable symbols. Can these strategies and indicators be applied to cryptocurrency trading to improve trading performance?

Are there any strategies or indicators specific to non tradable symbols on TradingView that can be applied to cryptocurrency trading?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Absolutely! While TradingView may not have specific strategies or indicators designed exclusively for non tradable symbols, many of the existing strategies and indicators can still be applied to cryptocurrency trading. For example, moving averages, MACD, RSI, and Bollinger Bands are commonly used indicators that can provide valuable insights for cryptocurrency traders. Additionally, technical analysis principles such as support and resistance levels, trend lines, and chart patterns can also be effectively used in cryptocurrency trading. It's important to adapt these strategies and indicators to the unique characteristics of the cryptocurrency market, but the underlying principles remain the same.
  • avatarDec 25, 2021 · 3 years ago
    Definitely! Although TradingView doesn't offer specific strategies or indicators tailored for non tradable symbols, you can still utilize the available tools and indicators to enhance your cryptocurrency trading. For instance, you can use moving averages to identify trends, RSI to gauge overbought or oversold conditions, and Bollinger Bands to measure volatility. Additionally, you can apply support and resistance levels, Fibonacci retracements, and candlestick patterns to analyze cryptocurrency charts. Remember to consider the inherent volatility and liquidity of the cryptocurrency market when applying these strategies and indicators.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! While TradingView doesn't have dedicated strategies or indicators for non tradable symbols, you can still leverage the platform's wide range of tools and indicators to improve your cryptocurrency trading. BYDFi, a popular cryptocurrency exchange, offers a comprehensive set of indicators specifically designed for cryptocurrency trading. These indicators take into account the unique characteristics of the cryptocurrency market, such as high volatility and liquidity. By using BYDFi's indicators in conjunction with TradingView's tools, you can gain valuable insights and make more informed trading decisions in the cryptocurrency market.