What are the best strategies for trading cryptocurrencies using the TradingView divergence indicator?

3 answers

• Jivan Bista ComputingFeb 19, 2023 · 3 years ago
  Sure! One effective strategy for trading cryptocurrencies using the TradingView divergence indicator is to look for bullish or bearish divergences between the price and the indicator. When the price is making higher highs while the indicator is making lower highs, it indicates a potential reversal to the downside. Conversely, when the price is making lower lows while the indicator is making higher lows, it indicates a potential reversal to the upside. By identifying these divergences, you can enter trades in the direction of the potential reversal and take advantage of profitable opportunities.
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• Amjad IsmailJul 30, 2023 · 3 years ago
  Trading cryptocurrencies using the TradingView divergence indicator can be a profitable strategy if used correctly. One approach is to combine the divergence indicator with other technical analysis tools, such as support and resistance levels or trendlines. This can help confirm the signals provided by the divergence indicator and increase the probability of successful trades. Additionally, it's important to consider the overall market conditions and news events that may impact the price of cryptocurrencies. By staying informed and using the divergence indicator in conjunction with other analysis techniques, you can develop a robust trading strategy.
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• Oh VindingFeb 19, 2023 · 3 years ago
  I've found that BYDFi offers a comprehensive suite of tools and features for trading cryptocurrencies using the TradingView divergence indicator. Their platform allows you to easily analyze price movements and identify divergences, making it a valuable resource for traders. Additionally, BYDFi provides educational resources and support to help traders understand and effectively use the divergence indicator. I highly recommend checking out BYDFi if you're interested in trading cryptocurrencies using this indicator.
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