What are the best strategies for overlaying charts on TradingView for trading cryptocurrencies?

3 answers

• Dec 30, 2021 · 3 years ago
  One of the best strategies for overlaying charts on TradingView for trading cryptocurrencies is to use multiple indicators to analyze price movements. By overlaying indicators such as moving averages, Bollinger Bands, and MACD, you can get a better understanding of the market trends and make more informed trading decisions. It's important to find the right combination of indicators that work for you and your trading style. Experiment with different overlays and see which ones provide the most accurate signals for your cryptocurrency trades.
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• Dec 30, 2021 · 3 years ago
  When it comes to overlaying charts on TradingView for trading cryptocurrencies, it's crucial to focus on key support and resistance levels. These levels can be identified by drawing horizontal lines on the chart to mark areas where the price has historically struggled to break through or has found support. By overlaying these levels on your chart, you can better anticipate potential price reversals and plan your trades accordingly. Additionally, you can use trend lines and Fibonacci retracement levels as overlays to further enhance your analysis and identify potential entry and exit points.
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• Dec 30, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using chart overlays on TradingView to identify potential trading opportunities. By overlaying indicators such as volume, RSI, and Fibonacci retracement levels, you can gain valuable insights into market trends and make more informed trading decisions. It's important to note that chart overlays should be used in conjunction with other analysis techniques and not solely relied upon for trading decisions. Remember to always do your own research and consider multiple factors before making any trades.
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