How can I identify the best indicators on tradingview for making profitable trades in the cryptocurrency market?

3 answers

• Dec 30, 2021 · 3 years ago
  When it comes to identifying the best indicators on TradingView for making profitable trades in the cryptocurrency market, it's important to consider a few key factors. Firstly, you should focus on indicators that are specifically designed for the cryptocurrency market, as they may differ from traditional indicators used in other markets. Some popular indicators for cryptocurrencies include the Relative Strength Index (RSI), Moving Averages (MA), and Bollinger Bands. Additionally, it's crucial to understand how to interpret these indicators and use them in conjunction with other analysis techniques to make informed trading decisions. Remember, no single indicator can guarantee profits, so it's important to use a combination of indicators and apply proper risk management strategies.
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• Dec 30, 2021 · 3 years ago
  Hey there! If you're looking to identify the best indicators on TradingView for profitable trades in the cryptocurrency market, you're on the right track. One indicator that many traders find useful is the MACD (Moving Average Convergence Divergence). It helps identify potential trend reversals and provides buy/sell signals. Another popular indicator is the Stochastic Oscillator, which measures the momentum of price movements. Don't forget about the Volume indicator, as it can indicate the strength of a price movement. Remember, it's always a good idea to combine multiple indicators and use them in conjunction with other analysis techniques to increase your chances of success. Happy trading!
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• Dec 30, 2021 · 3 years ago
  When it comes to identifying the best indicators on TradingView for making profitable trades in the cryptocurrency market, one approach is to leverage the wisdom of the crowd. BYDFi, a popular platform among cryptocurrency traders, provides a social trading feature that allows you to see what indicators other successful traders are using. This can give you valuable insights and help you identify potentially profitable indicators. Additionally, you can explore various online communities and forums dedicated to cryptocurrency trading to learn from experienced traders and discover new indicators. Remember, it's important to thoroughly research and test any indicators before incorporating them into your trading strategy.
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