Topic: Good ways to trade? - page 15. (Read 2443 times)
First, you have to get more knowledge about that token which you want to trade In my opinion you should always make an investment in a new Altcoin and you should always make an eye on that token.
Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?
Indicators are instruments used in technical analysis to assist traders in predicting price activity.Ichimoku Cloud's first indicator is a collection of 5 lines, with each line showing a historical average, and the timeframe can be determined by the trader. In the case where 2 lines intersect, the space between the shadowed lines creates a "Cloud".
There is a trend when the price is above the Cloud and there is a downtrend when the price is below the Cloud.
Next indicator Moving Average (MA)
Moving Average is an indicator that evaluates the average price based on a timeframe, re-evaluating it over time. Moving Averages are also needed to reduce support and resistance levels.
Then also Volume, This indicator reveals the number of traders buying and selling Bitcoin. It is always recommended to check the Volume before entering into a trade based on other indicators.
Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?
RSI and Bollinger bands are the technical indicators used by the beginners when it comes to technical analysis but there is no limitations to use the indicators as long as you are strong with your analysis.
I think it's better with Moving Average (MA) It helps to identify and follow trends, The advantages of Moving Average are Identifying the direction of a trend, finding trend reversals, showing potential support and resistance levels.
We recommend using a Simple Moving Average because most traders use this line. Moving Average indicates whether to buy or sell a currency pair (buy in an uptrend, sell in a downtrend). The MA will not tell you at which level to start your trading (for that you will need other indicators). So, applying trend indicators should be one of the first steps of your technical analysis.
We recommend using a Simple Moving Average because most traders use this line. Moving Average indicates whether to buy or sell a currency pair (buy in an uptrend, sell in a downtrend). The MA will not tell you at which level to start your trading (for that you will need other indicators). So, applying trend indicators should be one of the first steps of your technical analysis.
You can start to learn about TA and FA. that may be a good indicator for you to trade but remember that if none can predict accurately about what will be happening in the future. I should remind you that when you have been dealing with volatility in the market and that means if you must also try to understand about the risk.
TA was a good thing to be used as a way to determine the trend for the candle but the trend will be affected by the FA. Once there will be a good news for the market and this will be creating FOMO to make people to buy in.
That being said that you must try to learn more about how to determined FA.
Chart was not enough.
If you new in crypto i'd suggest just to buy and hold crypto for some time. Look at the charts. Read this forum and some web-sites with news about crypto. And then try to trade.
People want to work when they know what to do. Trading in crypto requires only the basic technicalities of figuring out what good Altcoins are the most in demand in the market. When we monitor market conditions more often, we will know which Altcoins are good for us to invest in. It's better now if the investment made is a long-term investment. Finally, we have to see the right time with strong analysis for some time in the future whether it is suitable to buy or not.
Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?
There is no specific indicator for crypto. If you are familiar with stock trading, then you can basically use the same indicators as there. However, I wouldn't rely on technical indicators. Crypto is almost exclusively news-driven. In the long run, hodling good coins has proven to be the best option anyway.
You can check out Bitget Exchange. they claim to be the world's largest crypto copy trading platform. I have tried it before and even manage to earn some profits from their copy trading and they have a lot of good traders to choose to copy trade from.
Hi I am new to crypto and wonder what are some of the best technical indicators to use for trading?
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