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Which tradingview indicators are recommended for crypto trading?

avatarReimer VelasquezDec 17, 2021 · 3 years ago3 answers

I'm new to crypto trading and I'm wondering which indicators on TradingView are recommended for analyzing cryptocurrency markets. Can anyone suggest some reliable indicators that can help me make better trading decisions?

Which tradingview indicators are recommended for crypto trading?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    As a crypto trader, I highly recommend using the Moving Average Convergence Divergence (MACD) indicator on TradingView. It's a versatile indicator that can help you identify potential trend reversals and generate buy or sell signals. Combine it with other indicators like the Relative Strength Index (RSI) or Bollinger Bands for even better analysis.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to crypto trading, I personally find the Ichimoku Cloud indicator on TradingView to be very useful. It provides a comprehensive view of support and resistance levels, as well as trend direction and momentum. It's a great tool for identifying potential entry and exit points in the cryptocurrency markets.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, recommends using the Volume Weighted Average Price (VWAP) indicator on TradingView for crypto trading. VWAP takes into account both price and volume, providing a more accurate representation of market trends. It's particularly useful for day traders who want to gauge the strength of price movements.