What are the popular indicators used by traders on TradingView for analyzing cryptocurrencies?

3 answers

• Dec 29, 2021 · 3 years ago
  Sure! There are several popular indicators that traders on TradingView use for analyzing cryptocurrencies. One of the most commonly used indicators is the Moving Average (MA), which helps identify trends and potential entry or exit points. Another popular indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. The Bollinger Bands indicator is also widely used to identify overbought or oversold conditions. These are just a few examples, but there are many other indicators available on TradingView that traders use to analyze cryptocurrencies.
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• Dec 29, 2021 · 3 years ago
  Well, traders on TradingView have their own preferences when it comes to indicators for analyzing cryptocurrencies. Some popular choices include the MACD (Moving Average Convergence Divergence), which helps identify trend reversals, and the Stochastic Oscillator, which measures the momentum of price movements. The Ichimoku Cloud indicator is also quite popular as it provides a comprehensive view of support and resistance levels. Ultimately, the choice of indicators depends on the trading strategy and personal preferences of each trader.
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• Dec 29, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that traders on TradingView often rely on a combination of indicators to analyze cryptocurrencies. Some popular choices include the Fibonacci retracement levels, which help identify potential support and resistance levels, and the Volume Profile indicator, which shows the trading activity at different price levels. The Moving Average Convergence Divergence (MACD) is also widely used to identify trend reversals. These indicators can provide valuable insights for traders when analyzing cryptocurrencies on TradingView.
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