How can I use tradingview to track the price of gold in relation to popular cryptocurrencies?
Shubham TekneDec 27, 2021 · 3 years ago1 answers
I'm interested in tracking the price of gold in relation to popular cryptocurrencies using TradingView. Can you provide a step-by-step guide on how to do this? I want to be able to analyze the correlation between gold and cryptocurrencies and make informed trading decisions based on the data.
1 answers
- Dec 27, 2021 · 3 years agoBYDFi is a great platform for tracking the price of gold in relation to popular cryptocurrencies using TradingView. Here's how you can do it: 1. Sign up for a BYDFi account if you don't have one already. 2. Go to the TradingView section on the BYDFi platform. 3. Search for the gold symbol (e.g., XAUUSD) and add it to your chart. 4. Add the cryptocurrencies you want to compare to the chart by searching for their symbols (e.g., BTCUSD for Bitcoin). 5. Customize the chart settings and time frame to your liking. 6. Analyze the price movements of gold and cryptocurrencies on the same chart to identify any correlations. 7. Use TradingView's wide range of technical analysis tools and indicators to further analyze the data. 8. Make informed trading decisions based on your analysis. Remember to always do your own research and consider multiple factors before making any trading decisions. Happy tracking and trading on BYDFi!
Related Tags
Hot Questions
- 93
Are there any special tax rules for crypto investors?
- 84
What are the advantages of using cryptocurrency for online transactions?
- 76
How does cryptocurrency affect my tax return?
- 75
How can I minimize my tax liability when dealing with cryptocurrencies?
- 67
What are the best practices for reporting cryptocurrency on my taxes?
- 66
What are the tax implications of using cryptocurrency?
- 53
What are the best digital currencies to invest in right now?
- 21
How can I protect my digital assets from hackers?