What are the best trainingview strategies for trading cryptocurrencies?

3 answers

• Jan 14, 2022 · 3 years ago
  One of the best TradingView strategies for trading cryptocurrencies is the Moving Average Crossover. This strategy involves using two moving averages, one short-term and one long-term, to identify trend reversals and generate buy or sell signals. When the short-term moving average crosses above the long-term moving average, it indicates a bullish trend and a potential buying opportunity. Conversely, when the short-term moving average crosses below the long-term moving average, it indicates a bearish trend and a potential selling opportunity. This strategy is popular among traders and can be easily implemented on TradingView using the built-in Moving Average indicator.
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• Jan 14, 2022 · 3 years ago
  Another effective TradingView strategy for trading cryptocurrencies is the RSI Divergence. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI Divergence occurs when the price of a cryptocurrency makes a new high or low, but the RSI indicator fails to confirm the same high or low. This divergence can indicate a potential trend reversal and can be used to generate buy or sell signals. Traders can easily plot the RSI indicator on TradingView and look for divergences to make informed trading decisions.
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• Jan 14, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using the Ichimoku Cloud strategy on TradingView for trading cryptocurrencies. The Ichimoku Cloud is a comprehensive indicator that provides key information about support and resistance levels, trend direction, and momentum. Traders can use the Ichimoku Cloud to identify potential entry and exit points, as well as to determine the overall trend of a cryptocurrency. By combining multiple components of the Ichimoku Cloud, traders can develop a robust trading strategy on TradingView.
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