Which tradingview indicators are most useful for bitcoin trading?
Flores OakleyJun 03, 2022 · 3 years ago1 answers
I'm new to bitcoin trading and I'm wondering which indicators on TradingView are the most useful for analyzing bitcoin price movements and making trading decisions? I want to make sure I'm using the right indicators to maximize my chances of success. Can anyone recommend some indicators that have been proven effective for bitcoin trading?
1 answers
- Jun 03, 2022 · 3 years agoAt BYDFi, we believe that the most useful indicators for bitcoin trading on TradingView are the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the Bollinger Bands. These indicators have been proven effective in analyzing bitcoin price movements and making trading decisions. However, it's important to note that no indicator can guarantee success in trading. It's always recommended to use multiple indicators and combine them with other analysis techniques to make informed trading decisions. Remember to always do your own research and never invest more than you can afford to lose. Happy trading!
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