Which trading view indicators are most commonly used by successful cryptocurrency traders?

3 answers

• Jan 14, 2022 · 3 years ago
  Successful cryptocurrency traders often rely on a combination of technical indicators to make informed trading decisions. Some commonly used indicators include moving averages, relative strength index (RSI), Bollinger Bands, and MACD (Moving Average Convergence Divergence). Moving averages help identify trends and potential entry or exit points. RSI measures the strength and speed of price movements, indicating overbought or oversold conditions. Bollinger Bands provide insights into volatility and potential price reversals. MACD combines moving averages to identify potential trend changes. These indicators, when used together, can provide a comprehensive view of market conditions and help traders make more accurate predictions.
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• Jan 14, 2022 · 3 years ago
  When it comes to trading view indicators, successful cryptocurrency traders often prioritize the ones that align with their trading strategies and goals. Some traders may prefer oscillators like Stochastic Oscillator or Relative Vigor Index (RVI) to identify overbought or oversold conditions. Others may rely on volume-based indicators like On-Balance Volume (OBV) or Accumulation/Distribution Line (ADL) to gauge market sentiment. Additionally, Fibonacci retracement levels and support/resistance levels are commonly used to identify potential price targets and areas of interest. It's important for traders to experiment with different indicators and find the ones that work best for their trading style.
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• Jan 14, 2022 · 3 years ago
  As a representative of BYDFi, I can say that our platform provides a wide range of trading view indicators that are commonly used by successful cryptocurrency traders. Traders can access popular indicators such as Ichimoku Cloud, Average True Range (ATR), and Parabolic SAR, among others. These indicators can be customized and applied to different timeframes, allowing traders to analyze market trends and make informed trading decisions. BYDFi also offers educational resources and tutorials to help traders understand how to effectively use these indicators in their trading strategies. Overall, the choice of trading view indicators depends on the individual trader's preferences and trading goals.
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