What are the top indicators to use on traderview.com for making profitable cryptocurrency trades?

3 answers

• Dec 26, 2021 · 3 years ago
  One of the top indicators to use on traderview.com for making profitable cryptocurrency trades is the Moving Average Convergence Divergence (MACD). This indicator helps identify potential trend reversals and provides buy or sell signals based on the convergence or divergence of moving averages. It is widely used by traders to determine entry and exit points in the market. Another important indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. It helps identify overbought or oversold conditions, indicating potential price reversals. Additionally, the Bollinger Bands indicator can be useful in cryptocurrency trading. It consists of three lines that represent moving averages and standard deviations. The upper and lower bands indicate potential overbought and oversold levels, while the middle band represents the average price. By combining these indicators and analyzing their signals, traders can make more informed decisions in cryptocurrency trading.
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• Dec 26, 2021 · 3 years ago
  When it comes to profitable cryptocurrency trading on traderview.com, it's important to consider the volume indicator. This indicator shows the number of shares or contracts traded in a given period. High volume often indicates strong market interest and can be a sign of potential price movements. Another useful indicator is the Moving Average (MA). It smooths out price data by calculating the average over a specific period. Traders often use the 50-day and 200-day moving averages to identify long-term trends. Additionally, the Stochastic Oscillator can be helpful in determining overbought and oversold levels. It compares the closing price to the price range over a specific period, indicating potential reversal points. By combining these indicators and conducting thorough analysis, traders can increase their chances of making profitable trades on traderview.com.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of indicators on traderview.com for profitable cryptocurrency trades. One such indicator is the Ichimoku Cloud, which provides a comprehensive view of support and resistance levels, as well as trend direction. It consists of several lines that help identify potential entry and exit points. Another important indicator is the Fibonacci retracement tool, which helps identify potential price levels based on the Fibonacci sequence. Traders often use these levels as support and resistance areas. Additionally, the Volume Profile indicator can provide insights into the volume traded at different price levels, helping traders identify areas of high interest. By utilizing these indicators and conducting thorough analysis, traders can make more informed decisions and increase their profitability in cryptocurrency trading.
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