What are the main trading indicators used for BTC TA?

Ararbermas

sr. member

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Quote from: amintet83 on July 12, 2021, 06:46:18 AM

Bitcoin technical analysis is different from one analyst to another. For me, I will combine ichimoku kinko hyo trading system, moving average (SMA + HMA + EMA), Parabolic SAR (Stop and Reverse), Bollinger Bands, and candlestick structure (VSA + VPA) to give an idea. determined.
Sometimes I add market sentiment just in case there is a sudden crash or a spike in price action.

that's too much indicators to be honest, but you know i understand because when i was new in trading i tried those indicators what you've mentioned above and it makes my head aching. Lol and now i only used VWAP OR SMA and also the very popular indicators which MACD and RSI or sometimes StochasticRSI no other than.. Why i choose these indicators? Well they're so easy to understand and most of the results were accurate especially for intradays, that's why ever since before i never used any indicators to analyse the graph.. Must try mate but of course try to backtest it so that you can get more information how it really works..

GreatArkansas

legendary

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I don't think we can consider it as a "main" trading indicator, it will always differ from the trader using it.
Maybe we can call it "popular" which most of the traders are using it. So for me, it always comes with moving averages, volume indicators, momentum indicators like RSI.

For me, I am not really a fan of complex indicators, simple moving average and momentum indicator like stochastic RSI is already good for me.

trickys

newbie

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Simple support and resistance... the rest is voodoo for me.
I'm aware of the amount of the indicators out there... it's just I find most of them... well, not good and over-thought.

pelumi20

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I don't think there is a universal trading indicator. The indicator you use is dependent on your trading strategy. I personally use smart money concept as my strategy, so I don't make use of any indicators at all. So think of the indicator that fits your trading strategy.

doremonchina

jr. member

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here is we discuss about the main and basic indicator for trading for btc. first look carefully where the bitcoin price will move bitcoin indicators will help to traders in secure from losses in trading traders can study with tools of which they can use for prepare indicators. there are diffrend of indicators but we discuss some basic indicators.
a privet indicators myc is one othe main indicators which use for market ditermination when market bearish and when bullish stage then next if you have telegram account then join telegram group for see your performance of traders
in the indicators of bitcoin average indicators use for smooth action of profits and price in a good periods of time

wxa7115

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Quote from: carlfebz2 on July 12, 2021, 05:30:19 PM

When it comes to Technicals then it would be varying on someones knowledge because not all would really be
that knowledgeable on using each one of those so it does depend but for me i do have this indicators.

•RSI
•MACD
•Moving averages
•Common trend lines
•(Support and resistance)
•Fibonnaci

There are lots but im not really a fan on having a messy chart. Cheesy

This is really important, there are hundreds of indicators and the ones that you are giving are some of the most popular, but sometimes I see traders with 10 to 20 indicators and their charts become almost impossible to read.

At most a strategy should use 4 to 5 indicators to tell what is going on in the market, to me regardless of the particular indicators used you need a trend indicator, an oscillator, a volume indicator, a volatility indicator and an indicator of support and resistance.

hugeblack

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Technical analysis only helps you predict the price when the price fluctuations are low (the sleepy market), but in times of fluctuations, it is impossible to determine the price direction easily. You should do more information, as everything that will affect supply and demand will change the price.
In general, you forgot some patterns and Fibonacci analyzes. Technical analyzes should not be taken alone, but rather read from the formulation of many technical analyzes.

YOSHIE

legendary

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If l observe from your topic, I conclude that you are asking which Indicators are used for TA, point (1).
Point (2), in your topic I did not find the contents of the topic title you created, on the contrary, you explained how you add Indicators in your crypto trading.

So, I don't understand what you are talking about according to your topic or not.
What is clear is that I have learned about TA Indicators as used in crypto trading.

So, I'll refer you to one of these: Topic: [GUIDE] create your TA Indicators {TradingView}, to learn more.

carlfebz2

hero member

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When it comes to Technicals then it would be varying on someones knowledge because not all would really be
that knowledgeable on using each one of those so it does depend but for me i do have this indicators.

•RSI
•MACD
•Moving averages
•Common trend lines
•(Support and resistance)
•Fibonnaci

There are lots but im not really a fan on having a messy chart. Cheesy

logfiles

copper member

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Top Crypto Casino

You forgot one of the most important indicators, The Fibonacci retracement to help determine the support and resistance level of the Bitcoin market. Just like any other indicators, it may not be perfect as price sometimes breaks out of the support or resistance levels, but it's a pretty good at helping a trader make calculated buy, sell, take profit and stop loss decisions most of the time.

amintet83

newbie

Activity: 11

Merit: 2

Bitcoin technical analysis is different from one analyst to another. For me, I will combine ichimoku kinko hyo trading system, moving average (SMA + HMA + EMA), Parabolic SAR (Stop and Reverse), Bollinger Bands, and candlestick structure (VSA + VPA) to give an idea. determined.
Sometimes I add market sentiment just in case there is a sudden crash or a spike in price action.

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