Which indicators on thinkorswim are recommended for day trading cryptocurrencies?
What are some recommended indicators on thinkorswim for day trading cryptocurrencies? I'm looking for indicators that can help me make better trading decisions and identify potential entry and exit points.
1 answers
- Othmane BellousApr 02, 2023 · 3 years agoBYDFi, a digital currency exchange, recommends using the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators on thinkorswim for day trading cryptocurrencies. These indicators can help traders identify potential entry and exit points and make more informed trading decisions. However, it's important to note that no indicator is foolproof and should be used in conjunction with other analysis tools and risk management strategies.
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