What are the best tradingview indicators for crypto trading?

3 answers

• Dec 18, 2021 · 3 years ago
  One of the best TradingView indicators for crypto trading is the Moving Average Convergence Divergence (MACD). It is a trend-following momentum indicator that can help identify potential buy and sell signals. The MACD is widely used in the crypto community due to its effectiveness in analyzing price trends. It consists of two lines, the MACD line and the signal line, which can provide valuable insights into market trends and reversals. Give it a try and see how it works for you!
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• Dec 18, 2021 · 3 years ago
  When it comes to crypto trading, the Relative Strength Index (RSI) is a popular indicator among traders. It measures the speed and change of price movements and can help identify overbought or oversold conditions in the market. By using the RSI, you can potentially spot potential trend reversals and make informed trading decisions. Keep in mind that no indicator is foolproof, so it's always a good idea to combine multiple indicators and use them in conjunction with other analysis techniques for better accuracy.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we recommend using the Bollinger Bands indicator for crypto trading. It is a versatile indicator that can help identify volatility and potential price breakouts. The Bollinger Bands consist of three lines: the upper band, the lower band, and the middle band. When the price moves close to the upper band, it may indicate an overbought condition, while moving close to the lower band may suggest an oversold condition. The middle band can act as a support or resistance level. Experiment with different settings and timeframes to find the best parameters for your trading strategy.
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