Did bitcoin has trading signals and indictors like forex? - page 2.

gabbie2010

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

I had tried both forex trading and crypto trading each signal are different from each other, forex pairs are less volatile you can open position at a very good price infact when price retrace a trader can enter a trade with just a small drawdown and ended up with a very good profit, however in crypto trading trading once you miss any chance of entry the price would have pump or dump massively thus making an entry very risky because an inexperience trader might have entered a trade when the price had hit a support or resistance and started retracing due to high volatility thus incur losses

Bholutefe

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The comparison of the analysis between forex trading signals and Bitcoin is quite different because of the volatility factor. It is best advisable to logical and analytical in your market illustration when trading forex as most people believe me that manipulation sets in at one point or the other which can be sometimes unavoidable. You set your “take profit” and “stop loss” while trading forex especially in order to avoid loosing your funds in your account and to be on the safer side. Bitcoin involves understanding the highs and lows point in the market situation, especially now that the price of Bitcoin has fallen to the bearest minimum which a lot of people has predicted already in the past, we only need to build ourselves by understanding the analysis of the market prices/situations, the more you understand how the market works in crypto, the better your level of confidence. “YOU are the best teacher to yourself”.

adaseb

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Whether you are trading forex, crypto or stocks. You can use the same technical analysis. Whether it actually works to make you money is another question.

Largest difference between forex and crypto is that crypto usually has larger moves than forex. With forex you can perhaps make 50-75pips on a good day which isn’t much in percentage terms. With crypto it’s not unusual to get 5% daily moves.

Baofeng

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

As far as I know, all technical indicators, be the basic one to advance is the same across all markets. However, the price movement might not be the same, i.e. Bitcoin market is very volatile as compare to any other out there like Forex.

So most likely, you will have to make a "wild and educated" guess of your own in both market.

And if you are looking for like a stable source of income, both can be used, but it will be very difficult.

Well you can get free trading signals in Bitcoin in https://www.tradingview.com/symbols/BTCUSD/?exchange=CRYPTO

Dr.Bitcoin_Strange

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Even the forex signals you talk about are not really that accurate, so is it really important for Bitcoin trading? Nop. Perhaps signals are generated with trading tools like indicators, so if you are trading your Bitcoin on any platform, the indicators are still there to apply and get the signal of which direction the market is expected to go.

Bitcoin_Arena

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If Bitcoin trading was completely different, then we would be having any technical analysis tools and indicators similar to those of forex trading in trading view. One thing for sure is that no tool is 100% perfect in predicting the market right every single time! At least not available publically.

You can also create your own "signals" using the available tools and technical indicators

Beware of fake signals apps, malware, scammers and pump and dump groups.

death69

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Forex, Bitcoin, bullion, Uncle Sam's currency - it's like a perpetual round of "One of These Kids is Doing Their Own Thing!" Yet, amidst the contrasts, some parallels thread through these distinct markets. Take trading, for instance, a rollercoaster of thrills (or chills, based on your vibe). Plus, signals and indicators abound, guiding you toward well-versed trade choices.

But Bitcoin? The plot thickens. Even though Forex outnumbers Bitcoin in app and tool availability, that doesn't mean Bitcoin trading lacks signals and indicators to steer through the wild, untamed market. Heck, I've concocted my very own covert Bitcoin trading signals, dubbed "the Blockchain Boogie." Picture plenty of expressive moves and incantations - bizarre, I know, but it's a winner.

Naturally, the Blockchain Boogie isn't everyone's forte. That's why it's crucial to stay receptive and scout out a spectrum of tools and resources to pinpoint the ones that gel with you. Whether it's classic technical analysis or offbeat approaches like dance and melody, no single "correct" method exists for Bitcoin trading.

Weezenhofnar

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Yes, Bitcoin has trading signals and indicators just like forex. Some popular technical indicators used in bitcoin trading include moving averages, MACD, RSI, and Bollinger Bands, among others. Traders can also use various chart patterns and candlestick analysis to make informed trading decisions.

However, it's important to note that technical analysis alone may not always be reliable in the highly volatile cryptocurrency market.

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

Yes, Bitcoin trading also works the same way for traders like forex, but the volatility of the Bitcoin and crypto market is highly unpredictable and due to that sometimes the indicators might not work the way they are intended to work. The technical indicators work the same way, and if implemented with a good strategy, and proper trading plan, than the results will be positive.

No matter Bitcoin or Forex you should not rely on those signals that the apps give you. Most of those signals won't work, and you might lose your capital by following such baseless signals. It's always better to learn trading yourself rather than relying on the signals shared by someone whom you don't even know. And, if you lose your capital by following those signals, that won't cost them a penny, and they will still be making money from the ads on their apps.

jeraldskie11

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

The answer is no. It's just because their volatility isn't the same. So we predict that if your analysis in one specific trading pair is functioning, the other pair is not and will occasionally reach your SL. Aside from that, each trading pair has unique market behavior. As a result, when comparing the two charts, their price action is not the same.

So it is reasonable to always back test the trading pair if it is your first time to make your analysis working.

Lorence.xD

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

There's actually market indicators in both Bitcoin and Forex, is also works the same however the difference is Bitcoin changes it's value from time to time since it's a volatile nature. If you're finding Bitcoin's calls it would be better to do your own research and decide for yourself because you can't risk your money to someones calls. There's a lot of group in TG that discussing about calls since a lot of whales have their own group. You still to be careful since TG is also known for fraud and scammers. Also in Twitter there's a lot of of verified users that having their group calls. Still always be cautious it might be fake.

boyptc

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

It's best to hear it from someone who's really into both markets, bitcoin and forex. Because I'm not into forex and I can't tell and depict if it's possible, so instead of giving some guess and thoughts, it's best to this from someone who's experienced in both markets.

I'd say that in stocks and bitcoin, you can have the same technique but talking about signals and indicators. There's just a bunch to talk with if it you're relating to both of it. If no one will show up then it's your call to test the waters if it works or not.

palle11

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?

It is different price move and also different analysis but indicators are the same, the strategy and idealogy also the same. However you should know the volatility is not the same. IMO I think bitcoin is very volatile. The volume is high for bitcoin . You can use the forex indicators to trade the bitcoin market but you also have to monitor the whale manipulation which makes the volatility spontaneous.

OcTradism

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.

Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?

Market capital size is important as it is helpful for institutional investors and traders to get in and get out as well as making their market manipulations. Indicators are available to use and you can keep your strategy as simple as possible but you can make it very complicated with so many indicators.

With trading, it's not true to say what strategy with included indicators, is good or bad. As it depends on not only the market, quality of the strategy and inclusive indicators but also personal trait of a person who uses it. A same strategy can work for me but can not work for you as we have different traits, patience, discipline and different capital size.

blue Snow

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

You can find such applications and signals on other places like Telegram, but for sure something like that is not guarantee you can get the exact result or make a profit, because as far as I know that's all manipulated to benefit themselves, so better to do not believe so much, and I suggest for you learn and read it your self bitcoin chart on trading view or another aplication which are widely spread on Internet.

Hamphser

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

Doesnt matter on which one you would really be engaging on on which having these technical indicator or tools is something that you would really be using in common.The only difference is that when you do make use of TA here on crypto space, which it isnt something that could really be that precise considering that market is way too volatile unlike when you do deal up with Forex or stocks.
You should bare up in mind that whenever you are dealing with a market then it would really be that understandable that you should really make use of something rather than on making yourself
on making price predictions without having any analysis or something been used which is something do considered to be a total gamble.

gunhell16

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Quote from: Greggry on April 21, 2023, 03:19:53 PM

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

It doesn't seem like there is anything like that in Bitcoin dude, maybe it's only in forex. Because the difference between bitcoin and forex is that it is volatile, that's why the bitcoin value reached today in the market because of its volatility.

This volatility that Bitcoin has is one that can give a good profit to anyone who believes in it as long as the process steps are correct, but this can also cause you to lose the capital you have for the Bitcoin that you invest.

Greggry

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Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

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