Using tool and indicators are the trading strategy to achieve goals and to overcome loss by identifying signals. Actually tools and indicators depends on both the the type of trading as well as the person that what type of indicator he is using. If you are not familiar with the use of indicator then you can not be use it properly. You should have to first know about the indicator then you should have to use. i often use MACD.
There are some indicators on trading view that can help you. And they are at public library I think at lazy bear and some others. It can help you follow the movements in the market. 
Topic: Tools and Indicators (Read 234 times)
Using tool and indicators are the trading strategy to achieve goals and to overcome loss by identifying signals. Actually tools and indicators depends on both the the type of trading as well as the person that what type of indicator he is using. If you are not familiar with the use of indicator then you can not be use it properly. You should have to first know about the indicator then you should have to use. i often use MACD.
Aside from tradingview I do not think that we would need something. If you need to pay your taxes in a nation that request taxes too much and you are worried about it then use something like cointracker or koinly in order to pay that as well. Aside from that I do not think that there is anything you could do that would make any changes for you. Do not get me wrong, I am not saying all the other tools are useless, there are many that people use and they are super happy about it.
However having a good tool versus having a tool that you "need" are different things. If you are wondering what you need then tradingview and a tax calculator is enough, if you want something that you would enjoy then you just need to end up with something that you enjoy by testing and not from what people are saying because what people say as great may not be great for you and you may prefer something else.
However having a good tool versus having a tool that you "need" are different things. If you are wondering what you need then tradingview and a tax calculator is enough, if you want something that you would enjoy then you just need to end up with something that you enjoy by testing and not from what people are saying because what people say as great may not be great for you and you may prefer something else.
Personally, I don't use too many indicators, I only use predefined time frames, for example 1 hour or 4 hours if it allows me to trade on the spot. The indicators used are Bollinger Bands, Zig zags and also combine indicators such as the Double EMA to appear up and down at a certain point.
I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.
And how about trading technics. Is anyone kind enough to share?
i use 4 indicators everytime in trading view because for me using one indicators there's always a false information about the real potential of the coin, so i used to combine these indicators "Bollinger band," VOLUME" Stochastic RSI" and the very common indicator which is MACD.. And using trendline to see a break out so far my win rate is still the same.. And how about trading technics. Is anyone kind enough to share?
Among these indicators you have listed and explained, trendline is more of reliable in them because in market all you need first is to identify the trend that is the direction of market. If you don't get the trend and jump in and not lucky you can empty your money on the trade. All other indicator don't work against the trend, if you use them against the trend they get you confuse especially bollinger band, RSI , MA.
I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.
And how about trading technics. Is anyone kind enough to share?
And how about trading technics. Is anyone kind enough to share?
I personally use Newscrypto for trading tools and indicators to analyze trading scenarios such as Moonlines, Correlation, etc., and I’m loving it to be honest. It’s free to use when you register an account. But of course, there are other great ones as well for technical analysis on cryptocurrency trading like the Tradingview.
I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.
And how about trading technics. Is anyone kind enough to share?
i use 4 indicators everytime in trading view because for me using one indicators there's always a false information about the real potential of the coin, so i used to combine these indicators "Bollinger band," VOLUME" Stochastic RSI" and the very common indicator which is MACD.. And using trendline to see a break out so far my win rate is still the same.. And how about trading technics. Is anyone kind enough to share?
for me I prefer to use EMA and Fibonacci, ema really helps my trading activities, although sometimes the signals given are not always correct, and I think all indicators are like that too. but it is this approach that we must use to trade, and of course we must know how to read the ema where if it breaks, of course, it must immediately cut loss
EMA and Fibonacci can help you to determine the right time to buy or sell and I think that is enough to use that indicator in trading. If you can master the lessons about those indicators, I am sure you do not need the other indicators, but learning the other indicator will improve our skills. The more indicators that we can learn, the more chances to know when to enter and leave the market and take profit. And with some practice in real trading, that can really improve our skills to better.
This is completely normal. Many traders use a variety of tools, and rightly so, if it helps to get a positive result.
Tradingview chart most of the time help for trading analysis, However, the use of tools depends a lot on the person the use of tools varies from person to person, If you want to trade you need to know the use of both Tools and Indicators, otherwise full trading cannot be done, If you are proficient in one side you are more likely to lose if you do not know the other.
how about trading technics. Is anyone kind enough to share?
Combination of moving average of longer timeframe is mostly effective for crypto trading but it is suitable only for mid to long-term trading and if you are looking for scalping kind of day trading then this this strategy will not be applicable. Finding support and resistance levels by pivot point analysis is another thing that I am always following along with any other strategy.Technical analysis are for making sure to catch dips of bitcoin market hence I'm following very limited strategy to ensure my buying price levels and for exiting, I will decide based on my personal needs. This how I am simply making enough profits out of long-term trading at the same time I will not disturb my decade-long planned holding of bitcoins for any kind of strategy.
In my opinion, every bitcoiner must plan for 70% of their capital for long term holding and only the reaming for short to mid term active trading.
I use a few tools with help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.
And how about trading technics. Is anyone kind enough to share?
On-chain analytics is another thing that a lot of people actually try to keep under the radar while trading, the hypothesis works this way, when the total reserves of bitcoin on the exchanges is higher it means that bitcoin is going to dump hard or alts are going to be pumped hard, while if total reserves of stable coins on exchanges is higher there are chances of a bitcoin bullish move or once again alts bull run, also when miners addresses are selling it's generally an indication of the upcoming bearish run because miners are generally the first ones to sell in case of bear runs.And how about trading technics. Is anyone kind enough to share?
how accurate are the data provided by the onchain analysis app provider? some are just watching those whale alerts.
one indicator that most of us use is the RSI, its reliable to determine that if its goes up it can go down at some point. the rest of the indicators are there to support what RSI is doing.
Perhaps choosing the right strategy for the market could be one solution. Do a market analysis and make the strategy you need according to the results of the analysis. Second, learn to be as strong as possible to control your emotions because maybe you will beat the time. The market is difficult to predict so you have to be really careful, don't be careless and plunge you into losses. You also need to learn about some market indicators so as not to get confused and indecisive when dealing with the crypto market.
This is a simple one but very effective for me. I use a Fibonacci to find the support and resistance and it works really well, you can use it on uptrend or down trend market but not on consolidation market. I also use simple trend lines along with Fibonacci a simple tools and indicators but very effective if you use it right.
Basically, I use leading indicators of support and resistance which boils down to static lines in combination of SMA and BB. My leading indicators are Pivot Points, Trendlines and Support & Resistance (that doesn't repaint). There isn't much need to make one's charts fanciful if one wants to be profitable. Just keep it simple. Too many indicators confused the eyes.
there are so many indicators available, and we can combine them to get signals, but I think we only need 2 indicators to consider the market, because the more indicators, they will give different signals, so we will be confused to follow the signals from these indicators
Yep, we know there are numerous indicators but the question in the OP is which of these indicators do you use? copper member
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I use a few tools with help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.
And how about trading technics. Is anyone kind enough to share?
On-chain analytics is another thing that a lot of people actually try to keep under the radar while trading, the hypothesis works this way, when the total reserves of bitcoin on the exchanges is higher it means that bitcoin is going to dump hard or alts are going to be pumped hard, while if total reserves of stable coins on exchanges is higher there are chances of a bitcoin bullish move or once again alts bull run, also when miners addresses are selling it's generally an indication of the upcoming bearish run because miners are generally the first ones to sell in case of bear runs.And how about trading technics. Is anyone kind enough to share?
how accurate are the data provided by the onchain analysis app provider? some are just watching those whale alerts.
one indicator that most of us use is the RSI, its reliable to determine that if its goes up it can go down at some point. the rest of the indicators are there to support what RSI is doing.
Most of the time, They used different big mining pool wallet to track the reserves of Bitcoin that still didn't move then compared it to the supply of stable coin reserved. Its easy to determine if its reserved since its balance is not changing for quite some time. On chain analytics is more accurate than simple Bitcoin Dominance indicators that people usually using to determine the move of BTC.
there are so many indicators available, and we can combine them to get signals, but I think we only need 2 indicators to consider the market, because the more indicators, they will give different signals, so we will be confused to follow the signals from these indicators
Yep, BTC-D is important, guess what, BTC-D is the first pair on my list of pairs on Tradingview 
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Speaking of tools and indicators. I am not a fan of complex charts or your chart is dirty because of a lot of indicators. So using such basics will do, like 1 indicator for volume/ 1 indicator for momentum, or 1 indicator for moving average. Because I believe that some of the indicators are made of those basic indicators.
.Speaking of tools and indicators. I am not a fan of complex charts or your chart is dirty because of a lot of indicators. So using such basics will do, like 1 indicator for volume/ 1 indicator for momentum, or 1 indicator for moving average. Because I believe that some of the indicators are made of those basic indicators.
Tools will always depend on the exchange you are using since every platform have their own feature so better know that as well.
Trading is a risky job that requires a lot of time analyzing the market, and the indicators will help you on this. MA, MACD, RSI, FIBONACCI works for me too, this is the common yet powerful indicators that will lead you to a more profitable trades. Reading the current news are also important, so don’t skip this part.
Trading is a risky job that requires a lot of time analyzing the market, and the indicators will help you on this. MA, MACD, RSI, FIBONACCI works for me too, this is the common yet powerful indicators that will lead you to a more profitable trades. Reading the current news are also important, so don’t skip this part.
I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.
And how about trading technics. Is anyone kind enough to share?
Basic indicators works for me and I rarely trade as well depends on the market condition, is short I do long trades. And how about trading technics. Is anyone kind enough to share?
EMA, MACD, Fibonnaci are the three common indicators that I’m using, and also I focus more on the price chart and the trade volume as well because this is also important. Its ok to ask for some suggestions but still its better if you can create your own strategy that fits to your own timeline.
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