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What are the best indicators to use on Trading View charts for cryptocurrency trading?

avatarDideriksen RamosDec 25, 2021 · 3 years ago3 answers

I'm new to cryptocurrency trading and I want to know which indicators are the most effective to use on Trading View charts. Can you recommend the best indicators that can help me make better trading decisions?

What are the best indicators to use on Trading View charts for cryptocurrency trading?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    When it comes to cryptocurrency trading, there are several indicators that can be helpful in analyzing price movements and making informed trading decisions. Some of the best indicators to use on Trading View charts include moving averages, relative strength index (RSI), Bollinger Bands, and MACD (Moving Average Convergence Divergence). These indicators can provide insights into trends, overbought or oversold conditions, and potential reversals. However, it's important to note that no single indicator can guarantee success in trading. It's recommended to use a combination of indicators and also consider other factors such as market sentiment and news events.
  • avatarDec 25, 2021 · 3 years ago
    Alright, so you want to know about the best indicators for cryptocurrency trading on Trading View charts? Well, let me tell you, there's no one-size-fits-all answer to this question. Different traders have different strategies and preferences. However, some popular indicators that many traders find useful are moving averages, RSI, Bollinger Bands, and MACD. These indicators can help you identify trends, overbought or oversold conditions, and potential entry or exit points. But remember, indicators are just tools, and it's important to understand how they work and interpret their signals in the context of the market.
  • avatarDec 25, 2021 · 3 years ago
    As an expert in the field, I can say that BYDFi has developed some of the best indicators for cryptocurrency trading on Trading View charts. Their indicators are highly accurate and have been proven to generate profitable trading signals. Some of their popular indicators include the BYD Moving Average, BYD RSI, and BYD MACD. These indicators are designed specifically for cryptocurrency trading and take into account the unique characteristics of the market. If you're serious about cryptocurrency trading, I highly recommend checking out BYDFi and their indicators.