What are the key principles and indicators that Oliver Velez suggests using in cryptocurrency trading?

3 answers

• Dec 27, 2021 · 3 years ago
  Oliver Velez suggests using a combination of technical analysis indicators and fundamental analysis principles in cryptocurrency trading. Some key principles he recommends include understanding market trends, managing risk, and having a disciplined approach to trading. As for indicators, Velez suggests using moving averages, relative strength index (RSI), and volume indicators to identify potential entry and exit points in the market. It's important to note that these principles and indicators should be used in conjunction with proper risk management strategies and thorough research on individual cryptocurrencies.
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• Dec 27, 2021 · 3 years ago
  When it comes to cryptocurrency trading, Oliver Velez emphasizes the importance of understanding market trends. He suggests using technical analysis indicators such as moving averages to identify the direction of the trend. Additionally, Velez recommends using the relative strength index (RSI) to determine the strength of a trend and potential overbought or oversold conditions. These indicators can help traders make informed decisions and improve their chances of success in the cryptocurrency market.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends incorporating Oliver Velez's key principles and indicators into your trading strategy. Velez's emphasis on understanding market trends, managing risk, and using technical analysis indicators aligns with BYDFi's approach to cryptocurrency trading. By following these principles and using the recommended indicators, traders can increase their chances of making profitable trades in the cryptocurrency market.
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