What are the best tradingview strategies for cryptocurrency trading?

3 answers

• Jun 03, 2022 · 3 years ago
  One of the best strategies for cryptocurrency trading on TradingView is the trend-following strategy. This strategy involves identifying the direction of the trend and trading in the same direction. Traders can use indicators like moving averages or the MACD to determine the trend and enter trades accordingly. It's important to note that no strategy is foolproof, so risk management is crucial.
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• Jun 03, 2022 · 3 years ago
  In my experience, the best tradingview strategy for cryptocurrency trading is the breakout strategy. This strategy involves identifying key support and resistance levels and entering trades when the price breaks out of these levels. Traders can use indicators like Bollinger Bands or the RSI to confirm breakouts. It's important to wait for confirmation before entering a trade to avoid false breakouts.
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• Jun 03, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a combination of technical analysis and fundamental analysis when trading on TradingView. Technical analysis involves studying price charts and using indicators to make trading decisions, while fundamental analysis involves analyzing news and events that may impact the cryptocurrency market. By combining these two approaches, traders can make more informed trading decisions.
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