What are the best indicators for bitcoin trading on TradingView?

3 answers

• May 08, 2022 · 3 years ago
  As a professional trader, I highly recommend using the Moving Average Convergence Divergence (MACD) indicator and the Relative Strength Index (RSI) when analyzing bitcoin price on TradingView. These indicators can provide valuable insights into the market trend and potential entry or exit points. Additionally, the Bollinger Bands and the Volume indicator can also be useful in identifying price volatility and market strength. Remember to combine multiple indicators and use them in conjunction with other analysis techniques for better accuracy.
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• May 08, 2022 · 3 years ago
  Well, there's no one-size-fits-all answer to this question. It really depends on your trading strategy and personal preferences. However, some popular indicators among traders on TradingView include the Moving Average (MA), the Ichimoku Cloud, and the Stochastic Oscillator. These indicators can help you identify trends, support and resistance levels, and overbought or oversold conditions. Experiment with different indicators and find the ones that work best for your trading style.
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• May 08, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Fibonacci retracement tool and the Volume Profile indicator for bitcoin trading on TradingView. The Fibonacci retracement tool can help you identify potential price levels where the market might reverse or continue its trend. The Volume Profile indicator, on the other hand, can provide insights into the distribution of trading volume at different price levels. These indicators, when used together, can enhance your technical analysis and improve your trading decisions.
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