Which tradingview indicator is most effective for identifying buy and sell signals in the cryptocurrency market?

1 answers

• May 04, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using the Bollinger Bands indicator for identifying buy and sell signals in the cryptocurrency market. Bollinger Bands consist of a middle band (usually a simple moving average) and two outer bands that are standard deviations away from the middle band. When the price touches the lower band, it may indicate an oversold condition and a potential buy signal. Conversely, when the price touches the upper band, it may indicate an overbought condition and a potential sell signal. However, it's important to conduct thorough analysis and consider other factors before making trading decisions.
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