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What are the most popular indicators to use on trading view watch for cryptocurrency trading?

avatarGrimes SchultzDec 29, 2021 · 3 years ago3 answers

I'm new to cryptocurrency trading and I'm wondering what are the most popular indicators to use on trading view watch for cryptocurrency trading? Can you provide some insights on which indicators are commonly used by traders to analyze and predict cryptocurrency price movements?

What are the most popular indicators to use on trading view watch for cryptocurrency trading?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    One of the most popular indicators used by cryptocurrency traders on TradingView is the Moving Average Convergence Divergence (MACD). This indicator helps traders identify potential trend reversals and generate buy or sell signals. Another commonly used indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. Traders also often use Bollinger Bands to identify overbought or oversold conditions. These are just a few examples of the many indicators available on TradingView that can be used for cryptocurrency trading.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to cryptocurrency trading on TradingView, the most popular indicators vary depending on the trader's strategy and preferences. Some traders prefer to use simple indicators like moving averages or trendlines, while others rely on more complex indicators like Fibonacci retracements or Ichimoku Cloud. It's important to experiment with different indicators and find the ones that work best for your trading style and goals. Remember, there's no one-size-fits-all approach to trading indicators, so it's important to do your own research and find what works for you.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, recommends using a combination of popular indicators such as the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Bollinger Bands for cryptocurrency trading on TradingView. These indicators can provide valuable insights into market trends and help traders make informed trading decisions. However, it's important to note that no indicator can guarantee profits or predict market movements with 100% accuracy. It's always recommended to use indicators as part of a comprehensive trading strategy and to consider other factors such as market news and sentiment.