Questions
TagsWhich indicators on TradingView are most effective for day trading digital currencies?
schneizeeLDec 24, 2021 · 3 years ago1 answersI am looking for the most effective indicators on TradingView specifically for day trading digital currencies. Can anyone recommend some indicators that have been proven to be successful in predicting short-term price movements in the cryptocurrency market?
1 answers
- As an expert at BYDFi, I can recommend using the Ichimoku Cloud indicator for day trading digital currencies on TradingView. The Ichimoku Cloud is a comprehensive indicator that provides information about support and resistance levels, trend direction, and momentum. It consists of several components, including the Tenkan-sen, Kijun-sen, Senkou Span A, and Senkou Span B. Traders can use the crossover of the Tenkan-sen and Kijun-sen lines, as well as the position of the price relative to the Cloud, to identify potential entry and exit points. The Ichimoku Cloud is widely used by traders in the cryptocurrency market and has proven to be effective in day trading strategies.Dec 24, 2021 · 3 years ago
Related questions
- 98
How does cryptocurrency affect my tax return?
- 98
How can I minimize my tax liability when dealing with cryptocurrencies?
- 82
How can I protect my digital assets from hackers?
Load 5 more related questions
Related Tags
Hot Questions
- 98
How does cryptocurrency affect my tax return?
- 98
How can I minimize my tax liability when dealing with cryptocurrencies?
- 82
How can I protect my digital assets from hackers?
- 75
What are the tax implications of using cryptocurrency?
- 72
What are the best digital currencies to invest in right now?
- 42
What is the future of blockchain technology?
- 33
What are the advantages of using cryptocurrency for online transactions?
- 29
Are there any special tax rules for crypto investors?