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What are some popular indicators used by cryptocurrency day traders on TradingView?

avatarSaruê BoladoNov 29, 2021 · 3 years ago1 answers

Can you provide some insights into the popular indicators used by cryptocurrency day traders on TradingView? I'm interested in knowing which indicators are commonly used and how they can help traders make informed decisions.

What are some popular indicators used by cryptocurrency day traders on TradingView?
Cryptocurrency
Day Traders
TradingView

1 answers

  • avatarNov 29, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has observed that many day traders on TradingView rely on indicators such as the Moving Average (MA) and the Relative Strength Index (RSI). The MA helps traders identify trends by smoothing out price fluctuations over a specific period, while the RSI indicates whether a cryptocurrency is overbought or oversold. These indicators, along with others like the MACD and Bollinger Bands, provide valuable insights into market conditions and help traders make informed decisions. However, it's important for day traders to remember that indicators are just tools and should be used in conjunction with other analysis techniques for optimal results.

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