Topic: Did bitcoin has trading signals and indictors like forex? (Read 379 times)

Usually, to my knowledge, I only see trading signals from influencers who have a community and their other communities that will be interested in the group channel they will create are on telegram apps.

Now, if it's Bitcoin, it can also be seen on telegram channels depending on the name of the admin who is conducting or leading the trading signal.

The fundamentals for both markets are actually difficult and in some cases completely different,  so it wouldn't be ideal using same analytics for both of them when they are actually really both different although there are some in chart analytical tools such as the trend lines and others that can be used in both markets and they will still make a lot of sense and having both sharing that similarities at some point but it doesn't apply most often.

The main difference on between the two will really be that in mainly talks about volatility on which this will really be the most notable difference in between Forex and Cryptocurrency trading but if we do speak about into the indicators on which being used then it will really be just that the same because on the moment that you will really be that dealing up with crypto then the volatility of its price is way too far if we do compared into fiat currencies. This is why the risks is really that higher on busting up your trading capital on which it is really that much less when you do deal up with forex but of course if we do speak about the chance on making profits or money then it is really that way more better than in compared with Forex. It all matters on the risks management that you will be having because not all will really be having that the same risks tolerance on thats the main reason on why people will really be that wanting to stay up with forex and wont really be going into other markets just because they cant be able to bare up with the volatility on which its a normal reaction. On the other hand on which there are those individuals who are really that jumping directly with crypto because they've been hooked up into how fast that you can make money in crypto market space but of course the risks is higher which we do all know. Trading signals and other things are just that the same on which even into those indicators. The application when it comes to news and other sentiments arent that something that too effective if we do speak about on crypto but there are moments that it will really be that significant on which it could make out some effect too and thats why the community are really that eyeing into it.

I don’t really believe in signals, so I don’t even consider using them when trading. Forex and crypto trading are not really much of a different, the volatile nature of them make them distinct from each other,  but it doesn’t really has a way it moves that’s so much peculiar to one another. Indicators can be a good tool to some traders in forex market but may not be applicable to bitcoin especially when the trader doesn’t adopt it as a method of getting to win in the market.


I have seen bitcoin trading in other forex apps used in trading, so when you’re categorizing the Bitcoin trading there, you can’t say that it cannot be included to be a part of forex or using signals and indicators for them that will not work. They’re very similar to each other and when you’ve tried to trade the both, you’ll get to see the similarities better.

I would say that their is no sharp difference in trading and chart patterns when it comes to trading, whether futures market or forex market, the only things that forex traders has over the futures traders are tools.

In the forex chart, their are so many tools that can be used to analyze the chart which is not possible when trading bitcoin or any other alt coin in the futures market, but when it comes to behavior, they are all the same.

Am not saying that the future market don't have it own tools, what am saying is that it options of tools are very limited to that of the forex traders.

If you can analyze the forex chart easily, that's how you can analyze the bitcoin chart too,  because their are rules and behavior of the market that always manifest itself once a chart pattern is formed, and no matter how volatile an asset is in the market, it will always respect market structure, and that is how it is, in every other market  whether futures market or forex market.

I am not an expert on trading but I believed bitcoin has trading signal as Forex trading. Bitcoin has the candlesticks to indicate it movement and another Signal is the number. Example, $104,633.23, this am another tool for trading. These Signals are used to understand the market to buy and sell. And also charts can be used to analyze the market. So Forex trading and crypto (bitcoin) trading are synonymous base on tool analysis and the use of Signals.

There are no two opinions on this Forex trading and Bitcoin trading are completely different things with mostly peoples have their own groups and system for running this but is not still easy to have profit from this because it's never been easy to do things.

Bitcoin is completely different place and mostly peoples have not good profit from here while they are doing experiment like they use in forex trading because here things not work like this but still here if you are having good mind for checking technical analysis and also able to have good command in technical things then you can earn profit.

While profit and lost ratio could be big in forex, but this is not happening with bitcoin because now here things are much stable and working not as we have few years back mean too much volatility peoples those love to have stable trading now love to be stayed with bitcoin instead of going into forex.

I already have some of this built-in some exchange, but it's just indicators and will not give you good result. Some are using AI of it, like just showing you market sentiments. Some exchanges already showing this to their exchange so it can lure traders to open trades, create orders so exchange can earn on trading fees.

Bitcoin and forex is different so both will use different indicators so you need to learn more about Bitcoin trading. If you familiar with forex indicators and know how to use it, perhaps you will not have a problem to understand the indicator on Bitcoin exchanges. But still, you need time to familiarize yourself with the Bitcoin trade

You can get the signals for Bitcoin trade but there is no guarantee to make a profit. But if you have skills to analyze the market, you can determine when you can enter and quit the market.

I don't know much about Forex trading but I know that Bitcoin trading have many indicators that we can learn step by step. So that will depends on ourselves which one we want to learn.

Given their reliance on chart patterns, indicators, and market sentiment, technical analysis and patterns of both the Forex and cryptocurrency markets are comparable. In order to forecast price changes, indicators such as moving averages, RSI, and Fibonacci retracement are frequently employed in both markets. But there are some significant variations. Compared to Forex, which has established trading hours, the cryptocurrency market is typically more volatile and open around-the-clock. This implies that cryptographic patterns may be more erratic and need making decisions more quickly.

These distinctions are accentuated when considering new currencies such as Sponge V2. It is vital to comprehend the distinct tendencies of cryptocurrency markets, particularly with regard to new coins. Even while the tools could be identical, the application frequently requires a more flexible strategy to take into consideration the unique characteristics of cryptocurrencies.

I don't think there is any correlation between bitcoin and forex. The two are different things.

Since they were all different investment assets you can expect gold and bitcoin together with any other asset has thesame indicators,  their mode of engagement is also quite different, since am not interested in other form of asset than bitcoin, what we make use is our personal study, resea and findings and you get this from different means, you can also sit to study the chart flow and understand the parameters, the weekly candles as well as past event on bitcoin history.


They have different signals and each of them in independent of each other for their price.


Some make use of social media tracking apps to get notified about any time about every ongoing situation, this is what the forex traders uses.

I don't think there is any correlation between bitcoin and forex. The two are different things.

In some cases we can find some similarities between bitcoin trading and Forex trading but in the case signal and indicators I think bitoin ans forex trading has their different way. So if you wanna invest in bitcoin then you have to study for it to know the signals and indicators. Because bitcoin is highly volatile from forex trading in some cases. So the answer for your question is yes there is differences on bitcoin signals and indicators.

Forex and Bitcoin trading has their own signals and trading strategies. It is better to use their respective one. Bitcoin signals aren't available that widely, because people don't want you to get ahead of themselves. But it is possible to make one, but that will require some advance programming knowledge. Use your analysis knowledge and ask a programmer to turn that into code and create a bot which will give you entry and exit points.
There are some available, but I won't recommend them. Free things are always sketchy.

You need to understand that Bitcoin is quite different from the way we trade the forex market but there is a comparison between the both. In Bitcoin you can trade the market using technical analysis but the market is mostly based on the law of demand and supply. If you understand more about the law of demand and supply then you will have pior understanding about what I meant.

In forex market, we can trade the market mostly based on the news which is the time when liquidity mostly happens in the forex market.
You can buy signals and use to trade the market without having to go study multiple charts especially when the signal is prior to accuracy. The is signal too in the crypto market but are based on mostly pump and dump.

For me specifically, that while there may be some similarities between forex and bitcoin trading, it's important to keep in mind that they are ultimately different markets with different factors affecting their price movements.

Then, while you could potentially use some of the same technical analysis indicators on both markets, you may also need to consider additional indicators or signals specific to bitcoin trading.

Important, also worth noting that the lack of available apps for bitcoin trading signals may be due to the fact that it's still a relatively new and evolving market compared to forex.

Similar to the foreign exchange market, there are some common trading signals and indicators in the Bitcoin market that can help investors make more informed decisions. Here are some common Bitcoin trading signals and indicators:

Moving Averages: Moving averages are a common technical analysis tool used to determine the direction of price trends. In the Bitcoin market, common moving averages include Simple Moving Averages (SMA) and Exponential Moving Averages (EMA). These averages can help investors determine the direction of the trend and identify potential buying or selling opportunities.

Relative Strength Index (RSI): RSI is an indicator used to measure price momentum. It can help investors determine whether the market is overbought or oversold and identify potential reversal points.

Bollinger Bands: Bollinger Bands are an indicator used to measure price volatility. It includes three lines, including a centerline and two standard deviation lines. Bollinger Bands can help investors determine the upper and lower limits of the price and identify potential buying or selling opportunities.

Volume Indicator: Volume indicators can help investors determine the strength of the market. High volume typically indicates a strengthening market trend, while low volume may be a signal of a market reversal.

There are platforms and brokers that have both crypto and Forex pairs now. In the recent past it wasn't possible. Innovation has proved consistently that change is a necessity for growth and advancement. In fact, in 2017 when I joined the crypto business one could only trade cryptos as a Spot. The Futures option wasn't there. It was enter one sold Bitcoin for altcoins or exchanged it for fiat at once. There was no stablecoin to sell into. It was just a one-way traffic then to make profit. One could only buy and hodl, then wait for price to appreciate to sell off. It's different today as anyone can sell without even buying, just like what we've in Forex trading.

Talking about indicators, one can trade cryptos using the same indicators one trades forex with. It's just a matter of backtesting them to know which works well and with what parameters to set them to.

They are same technical analysis that will be used to expressed all but what really happened is that in forex it doesn't function as crypto although we can use same principles and practice to apply in crypto, any one who knows how to trade on forex very well can as much handles cryptocurrency pretty much fine because he would apply those knowledge and experience to bitcoin trading.

Forex trading partially different from crypto since they have days of trading for instance, trading Usd again Euro or any others currency.
In crypto it doesn't function that way, it solely depends on news either to be positive or negative, whenever the positive come you may see strong Green in the market same as negative news which affect the market negatively causing serious panic in the market.