Topic: Indicator movement Confusion , Any body can explain me please? (Read 136 times)
RSI does not always work so I would rather choose to make less money instead of taking more risks now. No analysis can exactly say it will go below $6000 or not
If you wait for all the indicators to show the same thing then you are never going to make any trades. RSI and MACD are pretty much the same so using them together might not be needed. In this Particular case they are actually showing the same thing. Notice that the MACD was close to have a bear cross, if you notice the purple bars below the MACD, those indicate when it's likely to see a cross, the smaller the bar the more likely. So essentially they were showing the same thing, the RSI got overextended faster because the market had a big move up, notice the big green bar, MACD doesn't initially see that as a bear signal. You also should know that RSI being above 70 doesn't always mean that you should sell, if the market has a big move up, the RSI can be overextended for a long time and it wouldn't mean that you should sell.
oh Thank you so much
now i am understand , and I would benefit if I use these macd and rsi indicator right? It is better to use any more indicator?
bcz i am just learning about technical analysis. can you give small suggetion . That would be useful for me.
I mean that MACD and RSI are similar so it's better to just use one of them. Whatever you use, don't trade just by using technical indicators only, if you trade only using the RSI you are never going to make money, you need to learn patterns, learn about volume and always be aware of news. I personally only use RSI and Moving Averages, those can be quite useful for crypto.
Thanks but how can i learn patterns , can you help me please this subject ? any good video or article if you have . and can you tell me please how much time i will setap for analysis? 15m 30m 1h 4h or 1 day? which better? i want to day trade or after 2 o3 3 days i will entry or exit.
If you wait for all the indicators to show the same thing then you are never going to make any trades. RSI and MACD are pretty much the same so using them together might not be needed. In this Particular case they are actually showing the same thing. Notice that the MACD was close to have a bear cross, if you notice the purple bars below the MACD, those indicate when it's likely to see a cross, the smaller the bar the more likely. So essentially they were showing the same thing, the RSI got overextended faster because the market had a big move up, notice the big green bar, MACD doesn't initially see that as a bear signal. You also should know that RSI being above 70 doesn't always mean that you should sell, if the market has a big move up, the RSI can be overextended for a long time and it wouldn't mean that you should sell.
oh Thank you so much
now i am understand , and I would benefit if I use these macd and rsi indicator right? It is better to use any more indicator?
bcz i am just learning about technical analysis. can you give small suggetion . That would be useful for me.
I mean that MACD and RSI are similar so it's better to just use one of them. Whatever you use, don't trade just by using technical indicators only, if you trade only using the RSI you are never going to make money, you need to learn patterns, learn about volume and always be aware of news. I personally only use RSI and Moving Averages, those can be quite useful for crypto.
If you wait for all the indicators to show the same thing then you are never going to make any trades. RSI and MACD are pretty much the same so using them together might not be needed. In this Particular case they are actually showing the same thing. Notice that the MACD was close to have a bear cross, if you notice the purple bars below the MACD, those indicate when it's likely to see a cross, the smaller the bar the more likely. So essentially they were showing the same thing, the RSI got overextended faster because the market had a big move up, notice the big green bar, MACD doesn't initially see that as a bear signal. You also should know that RSI being above 70 doesn't always mean that you should sell, if the market has a big move up, the RSI can be overextended for a long time and it wouldn't mean that you should sell.
oh Thank you so much
now i am understand , and I would benefit if I use these macd and rsi indicator right? It is better to use any more indicator?
bcz i am just learning about technical analysis. can you give small suggetion . That would be useful for me.
I mean that MACD and RSI are similar so it's better to just use one of them. Whatever you use, don't trade just by using technical indicators only, if you trade only using the RSI you are never going to make money, you need to learn patterns, learn about volume and always be aware of news. I personally only use RSI and Moving Averages, those can be quite useful for crypto.
If you wait for all the indicators to show the same thing then you are never going to make any trades. RSI and MACD are pretty much the same so using them together might not be needed. In this Particular case they are actually showing the same thing. Notice that the MACD was close to have a bear cross, if you notice the purple bars below the MACD, those indicate when it's likely to see a cross, the smaller the bar the more likely. So essentially they were showing the same thing, the RSI got overextended faster because the market had a big move up, notice the big green bar, MACD doesn't initially see that as a bear signal. You also should know that RSI being above 70 doesn't always mean that you should sell, if the market has a big move up, the RSI can be overextended for a long time and it wouldn't mean that you should sell.
oh Thank you so much
now i am understand , and I would benefit if I use these macd and rsi indicator right? It is better to use any more indicator?
bcz i am just learning about technical analysis. can you give small suggetion . That would be useful for me.
If you wait for all the indicators to show the same thing then you are never going to make any trades. RSI and MACD are pretty much the same so using them together might not be needed. In this Particular case they are actually showing the same thing. Notice that the MACD was close to have a bear cross, if you notice the purple bars below the MACD, those indicate when it's likely to see a cross, the smaller the bar the more likely. So essentially they were showing the same thing, the RSI got overextended faster because the market had a big move up, notice the big green bar, MACD doesn't initially see that as a bear signal. You also should know that RSI being above 70 doesn't always mean that you should sell, if the market has a big move up, the RSI can be overextended for a long time and it wouldn't mean that you should sell.
rsi showing market trend down , macd showing market trend up , and indicator showing market trend up
i am confused please ecplain me .i am try to learn technical analysis.
please see this screenshot from tradingview
https://imgur.com/a/zA8OavF
i am confused please ecplain me .i am try to learn technical analysis.
please see this screenshot from tradingview
https://imgur.com/a/zA8OavF
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