Technical analysis and its basics in cryptocurrency - page 2.

Bountydate

newbie

Activity: 17

Merit: 0

Quote from: darkangel11 on May 31, 2018, 10:03:32 AM

Tools like software? There are sites that give you some lists and options, like this one here:
https://www.warriortrading.com/the-5-best-tools-for-day-trading/
Personally I haven't seen people using additional software apart from tickers with alarms and bots. If you have a multi monitor setup, having bitcoinwisdom opened a separate screens can be helpful while you're having the exchange on your main one.

If by tools you mean indicators, it's a different story Wink

Oh, thank you, i meant indicators, etc . but not like any software, but thanks, this information was useful to me Wink

charlotte04

full member

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Merit: 102

Quote from: Bountydate on May 30, 2018, 12:05:27 PM

Hello guys, i have any questions about technical analysis. What are the most effective tools for technical analysis? And what do you advise me as a novice trader yet?

The very basic that you can use in technical analysis is being to master the support and resistance areas. But the most important thing in trading is your mindset towards it.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Quote from: Bountydate on May 30, 2018, 12:05:27 PM

Hello guys, i have any questions about technical analysis. What are the most effective tools for technical analysis? And what do you advise me as a novice trader yet?

What works for others may not work for you, it depends on the trading style and their appetite for profits. For me I use , Bollinger Bands, RSI and Parabolic SAR. Bollinger Bands tells me where the price is heading and up to how high it may reach. Parabolic SAR gives a signal if its time to Buy or Sell while RSI tells you if the coin is over bought or over sold. Works for me 85% of the time.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: siagh357 on May 31, 2018, 11:09:39 AM

Most efficient technical tools are moving average indicators, both simple moving average and exponential moving average. If you combine them it gives a perfect forecast. You can supplement it with a Bollinger band

Moving average to me is like a lagging indicator, bollinger band is a very supportive indicator to do well in trade. Then, I further suggest candle stick. A good monitor of candle sticks would help a trader very well.

siagh357

newbie

Activity: 143

Merit: 0

Most efficient technical tools are moving average indicators, both simple moving average and exponential moving average. If you combine them it gives a perfect forecast. You can supplement it with a Bollinger band

darkangel11

legendary

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Merit: 1335

Don't let others control your BTC -> self custody

Tools like software? There are sites that give you some lists and options, like this one here:
https://www.warriortrading.com/the-5-best-tools-for-day-trading/
Personally I haven't seen people using additional software apart from tickers with alarms and bots. If you have a multi monitor setup, having bitcoinwisdom opened a separate screens can be helpful while you're having the exchange on your main one.

If by tools you mean indicators, it's a different story Wink

cryptoknows

jr. member

Activity: 277

Merit: 5

I'm interested in this question, but that no one wants to answer it. Cry

пyк

Bountydate

newbie

Activity: 17

Merit: 0

Hello guys, i have any questions about technical analysis. What are the most effective tools for technical analysis? And what do you advise me as a novice trader yet?

Topic: Technical analysis and its basics in cryptocurrency - page 2. (Read 198 times)