Best indicator is a high time frame, like the weekly or the daily. And then use other indicators to get in on a smaller time scale. Don't rely on indicators using 1 minute charts. And also keep in mind many indicators are always lagging, so when there is a crossover, usually its too late to enter.
So use high time frame and find a trend, whether up or down. Currently the bitcoin trend is down, so only go for shorts. Then use horizontal support and resistance to guide you in your entries and exits. Also use higher highs and lower lows as another indicator to tell you if the trend is correct. Try and not use moving average in bitcoin trading.
Topic: What indicators to use? - page 2. (Read 238 times)
Relative Strength Index is considered as momentum indicator.
So, RSI will do if you want to get and analyze the momentum of the market.
But I think the question you want to ask is what kind of momentum indicator to use and there are lot of them. The RSI I think is the most common indicator for momentum.
There ais also Stochastic RSI, where I also using at the moment
So, RSI will do if you want to get and analyze the momentum of the market.
But I think the question you want to ask is what kind of momentum indicator to use and there are lot of them. The RSI I think is the most common indicator for momentum.
There ais also Stochastic RSI, where I also using at the moment
RSI is the best tool for measuring the heat on the market movements. When the oscillator goes and stuck on the top of the line, the sellers will push the price down with eating liquidity on the bid side or vice versa. In general, I don't like to use the indicators due to the useless technical analysis which is not used widely by crypto traders.
This isn't an indicator, but I would suggest that you at least learn the basics of support and resistance flips because they're very common in trading even outside of crypto, thus it's useful to be able to recognize these levels even if you don't act on them.
An indicator that I'd suggest you look into is ADL or the Accumulation Distribution Line. TradingView actually has a short wiki article on the indicator here (click for link), and I've found it to be an easy indicator to use at a glance once you understand the fundamentals well.
An indicator that I'd suggest you look into is ADL or the Accumulation Distribution Line. TradingView actually has a short wiki article on the indicator here (click for link), and I've found it to be an easy indicator to use at a glance once you understand the fundamentals well.
Its not depends on your experience and knowledge about the price of any trade being i suggest every one to not invest your money to see any website says that you need to buy any alt coin its only your decision .
I always prefer to use my own technical analysis as an indicator of trading. I always look at the volume point and when it is possible to have a resistance. Yeah I know it is very risky but technical analysis is the best indicator for predicting the price. However, I have found this medium post that might help you with indicator in trading. ( Here )
The eye is the best indicator, if you asked me. Even when you use the above listed indicators you still have to view them well to ascertain when to take a trade or exit it. For me I play with Pivots too and PA (Price Action). They inform me ahead of the movement of price. However, OP should take note of news too while plotting his TA.
Thinking to learn to understand the chart and I would like to know what indicators to use.
at the moment I have MACD / Relative Strength Index / Momentum
what other indicators are important to use?
MACDat the moment I have MACD / Relative Strength Index / Momentum
what other indicators are important to use?
RSI
S & R
Trendlines
Optional :
Fibonacci
Elliot wave
You can use all as long you do know how to read it up but i do much prefer on having that naked trading
or just simply using support and resistance line plus having some mix of fundamentals.
Thinking to learn to understand the chart and I would like to know what indicators to use.
at the moment I have MACD / Relative Strength Index / Momentum
what other indicators are important to use?
at the moment I have MACD / Relative Strength Index / Momentum
what other indicators are important to use?
With oscillators, I like to keep it simple. I usually use one momentum indicator (RSI, MACD, or Chande will do) to confirm momentum divergence and trend breaks. ConnorsRSI is part of my scalping strategy too but I don't recommend it for beginners because it has a high noise to signal ratio.
Then I look at volume. Volume extremes often indicate exhaustion. Otherwise, strong volume usually implies a trend and weak volume usually implies a counter trend. I like to place On Balance Volume as an overlay over volume.
Then I look at moving averages (like the 10, 20, 50, and 200 period), horizontal support and resistance, and trend lines to predict likely inflection points, and also to confirm trend continuations or reversals.
at the moment I have MACD / Relative Strength Index / Momentum
what other indicators are important to use?
Thinking to learn to understand the chart and I would like to know what indicators to use.
at the moment I have MACD / Relative Strength Index / Momentum
what other indicators are important to use?
at the moment I have MACD / Relative Strength Index / Momentum
what other indicators are important to use?
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