What are the most popular tradingview strategies for trading cryptocurrencies?

3 answers

• Dec 15, 2021 · 3 years ago
  Sure! One of the most popular tradingview strategies for trading cryptocurrencies is the trend-following strategy. This strategy involves identifying the direction of the cryptocurrency's price trend and entering a trade in the same direction. Traders often use indicators such as moving averages or the MACD to determine the trend and make trading decisions. This strategy is popular because it allows traders to ride the momentum of the market and potentially profit from significant price movements.
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• Dec 15, 2021 · 3 years ago
  Well, there's also the breakout strategy, which is quite popular among cryptocurrency traders. This strategy involves identifying key levels of support or resistance and entering a trade when the price breaks out of these levels. Traders often use indicators such as Bollinger Bands or the RSI to identify potential breakout opportunities. The idea behind this strategy is to catch the price movement that occurs after a breakout and profit from the volatility.
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• Dec 15, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that one of the popular tradingview strategies used for trading cryptocurrencies is the mean reversion strategy. This strategy involves identifying overbought or oversold conditions in the cryptocurrency market and taking trades in the opposite direction. Traders often use indicators such as the RSI or the Stochastic Oscillator to identify these conditions. The mean reversion strategy is popular because it allows traders to capitalize on price reversals and take advantage of market inefficiencies.
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