Bit of a broad question, OP, not sure what answers you're expecting ("Yes. Use MAs.")
Here are a few 'broad' observations, maybe they'll help you get started figuring out this market yourself further:
- Of the classical MAs, the DSMA50 seems more important in this market than the DSMA20 and 200.
- This market moves relatively fast, most of the time. For many purposes, it can make sense to divide time scales by about a factor 4, e.g. as an approximation, 6h can act like daily in other markets.
- Volume is (a) important, and (b) difficult to trust in this market. That said, I trust the volume of the zero or almost zero fee exchanges even less than the volume of exchanges with fees (Bitstamp, Bitfinex, BTCE, to name three).
- Find your own way to read the order books. They can be even less trusted than volume numbers, but you can't really ignore them entirely either. Similar for swap stats.
- Of the classical chart patterns, by my own anecdata, triangles seem to perform quite well on mid-term trends (~monthly)
Topic: technical analysis studies for bitcoin (Read 567 times)
Hello,
Can you please share what technical analysis studies have you found work particularly good for bitcoin, either for short or long term trading ?
moving averages, bollinger bands, RSI ?
Can you please share what technical analysis studies have you found work particularly good for bitcoin, either for short or long term trading ?
moving averages, bollinger bands, RSI ?
moving averages
Hello,
Can you please share what technical analysis studies have you found work particularly good for bitcoin, either for short or long term trading ?
moving averages, bollinger bands, RSI ?
Can you please share what technical analysis studies have you found work particularly good for bitcoin, either for short or long term trading ?
moving averages, bollinger bands, RSI ?
Jump to: