Which indicators on TradingView are most effective for day trading digital currencies?

1 answers

• Mar 16, 2022 · 3 years ago
  As an expert at BYDFi, I can recommend using the Ichimoku Cloud indicator for day trading digital currencies on TradingView. The Ichimoku Cloud is a comprehensive indicator that provides information about support and resistance levels, trend direction, and momentum. It consists of several components, including the Tenkan-sen, Kijun-sen, Senkou Span A, and Senkou Span B. Traders can use the crossover of the Tenkan-sen and Kijun-sen lines, as well as the position of the price relative to the Cloud, to identify potential entry and exit points. The Ichimoku Cloud is widely used by traders in the cryptocurrency market and has proven to be effective in day trading strategies.
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