What are some successful strategies used by traders with funded accounts on TradingView in the cryptocurrency market?

4 answers

• Nov 23, 2021 · 3 years ago
  One successful strategy employed by traders with funded accounts on TradingView in the cryptocurrency market is trend following. This approach involves analyzing price movements and identifying trends in order to make trading decisions. Traders often use technical indicators such as moving averages or the Relative Strength Index (RSI) to confirm trends and determine entry and exit points. By following the trend, traders aim to ride the price momentum and maximize profits. However, it's important to note that trend following may not be suitable for all market conditions, and traders should adapt their strategies accordingly.
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• Nov 23, 2021 · 3 years ago
  Another effective strategy used by traders on TradingView is breakout trading. This strategy involves identifying key levels of support and resistance and placing trades when the price breaks out of these levels. Traders often use indicators like Bollinger Bands or the Average True Range (ATR) to identify potential breakouts. By entering trades at the early stages of a breakout, traders aim to capture significant price movements and generate profits. However, it's crucial to manage risks effectively and set stop-loss orders to protect against potential reversals.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, has observed that many successful traders on TradingView utilize a combination of technical analysis and fundamental analysis. They analyze price charts, identify patterns, and use indicators to make informed trading decisions. Additionally, they stay updated with the latest news and developments in the cryptocurrency market to identify potential opportunities. It's important to note that each trader may have their own unique strategies and preferences, so it's essential to experiment and find a strategy that aligns with your trading style and risk tolerance.
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• Nov 23, 2021 · 3 years ago
  Successful traders on TradingView often emphasize the importance of risk management. They use techniques such as setting stop-loss orders, diversifying their portfolios, and allocating a specific percentage of their capital to each trade. By managing risks effectively, traders aim to protect their capital and minimize potential losses. It's also crucial to have a clear trading plan and stick to it, avoiding impulsive decisions based on emotions or short-term market fluctuations. Remember, patience and discipline are key traits of successful traders in the cryptocurrency market.
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