Every technical indicator has a way it works. Different traders use the ones that suits their trading style and their trading patterns. What might be good for a trader might not be good for another trader.
I use EMA's and RSI to trade and they have been working for me
Topic: What technical analysis indicators works for crypto day-trading? (Read 712 times)
August 02, 2018, 02:46:15 AM
Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
You're not really contributing ... what do you suggest? What indicators do you work with?
August 02, 2018, 12:46:57 AM
Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
August 02, 2018, 12:00:33 AM
I just stick to the basics. My favorites are:
-Trend lines: Drawing resistance points and ceilings and following if they are broken or not. If they become broken then I just expect a speedy move in said direction.
-EMA: Moving averages serve has strong floors or ceilings which need to be broken themselves, just like trend lines but you don't draw them, they just happen and are drawn for you.
MACD: To see volume.
That is all to be honest. I don't really use any of the other fancier indicators like bollinger bands and so on. I sometimes may throw in fib retracements. It's all we have, unless you have insider info on the fundamentals.
-Trend lines: Drawing resistance points and ceilings and following if they are broken or not. If they become broken then I just expect a speedy move in said direction.
-EMA: Moving averages serve has strong floors or ceilings which need to be broken themselves, just like trend lines but you don't draw them, they just happen and are drawn for you.
MACD: To see volume.
That is all to be honest. I don't really use any of the other fancier indicators like bollinger bands and so on. I sometimes may throw in fib retracements. It's all we have, unless you have insider info on the fundamentals.
Instead of MACD, I use Stochastics, but I agree and I bet your charts look clean as well.
August 01, 2018, 11:28:26 AM
I just stick to the basics. My favorites are:
-Trend lines: Drawing resistance points and ceilings and following if they are broken or not. If they become broken then I just expect a speedy move in said direction.
-EMA: Moving averages serve has strong floors or ceilings which need to be broken themselves, just like trend lines but you don't draw them, they just happen and are drawn for you.
MACD: To see volume.
That is all to be honest. I don't really use any of the other fancier indicators like bollinger bands and so on. I sometimes may throw in fib retracements. It's all we have, unless you have insider info on the fundamentals.
-Trend lines: Drawing resistance points and ceilings and following if they are broken or not. If they become broken then I just expect a speedy move in said direction.
-EMA: Moving averages serve has strong floors or ceilings which need to be broken themselves, just like trend lines but you don't draw them, they just happen and are drawn for you.
MACD: To see volume.
That is all to be honest. I don't really use any of the other fancier indicators like bollinger bands and so on. I sometimes may throw in fib retracements. It's all we have, unless you have insider info on the fundamentals.
August 01, 2018, 06:01:39 AM
Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
I am always surprised when I see some people that claimed to be good at forex trading complain that they don’t know anything about crypto, or maybe say that they think crypto is harder than forex or that forex is harder than crypto, lol. I don’t even think such people have been into forex, they just here to make comments that’s all.
Well there is quite a difference to be honest ... just like the tides of the sea ... in forex there is trading volume that is kinda predictable, whether it's the day of the week or the hour of the day (whether it's Asia market, European market or American market) ... a monday volume is different than a thursday or a friday ... with crypto you have 7 instead of 5 days. Then there is more historical data, which validates your analysis.
It's easy to say that price action is price action, whether stocks, forex, features or crypto ... but I've heard more than a few stories of people who transitioned and had to apply a different toolset when trading crypto.
August 01, 2018, 03:48:08 AM
Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
I am always surprised when I see some people that claimed to be good at forex trading complain that they don’t know anything about crypto, or maybe say that they think crypto is harder than forex or that forex is harder than crypto, lol. I don’t even think such people have been into forex, they just here to make comments that’s all.
Moving averages are my favorite technical analysis for trading cryptocurrency. In addition I used parabolic sar and Bollinga band ,which is effective in determine entry and exist point.
Actually, every technical indicator in a chart has its work that its doing. You need to choose the one that suits your trading style and the one that is more accurate than the others.
Bollinger bands and stochastic are very good indicators I use while trading. It makes me get the better view of that the market is doing and I can make good and better decisions in my trade
Bollinger bands and stochastic are very good indicators I use while trading. It makes me get the better view of that the market is doing and I can make good and better decisions in my trade
Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
Ema and sma use much of indicators in crypto but i never used it. See the volume of the indicators makes you have big chance in crypto because you've understand the indicator.
In a couple of days ago I use Technical analysis MT4 indicators but it is not working properly in cryptocurrency trading. It is working properly only in Forex and binary trading. If you use technical analysis indicators for cryptocurrency day trading and you understand it is not work in day trading. Now I'm following the manual and still now make some profit.
You need to understand how to make your analysis with the charts when trading daily. You need to use tradingview as well. Ema, bollingerbands and stochastic are very good indicators to use when trading as well
Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
You're not really contributing ... what do you suggest? What indicators do you work with?
In cryptocurrency TA will work also, try to use Moving Average, MACD, Fibonacci. This three can help you a lot aside from the resistance and support level or the candle movements. One important thing in TA is that, you should know the effects of the trading Volume.
Dude using every indicator possible is a cluster fuck of lines and shapes ... the more indicators you use, the less sure you are about your understanding of market behavior. But that's just me. I agree on trading volume though. Very underrated and overlooked in my opinion.
Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
You're not really contributing ... what do you suggest? What indicators do you work with?
In cryptocurrency TA will work also, try to use Moving Average, MACD, Fibonacci. This three can help you a lot aside from the resistance and support level or the candle movements. One important thing in TA is that, you should know the effects of the trading Volume.
I think the indicator of the daily cryptocurrency price is that you should see the volume development of the coin you want to buy afterwards you can see the existing chart is enough to help make a profit.
Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
I do agree they are just tools ... they are more like signs ... it's like when you see dark clouds outside (1 sign) and the temperature is going down (sign 2) and there is a cool breeze (sign 3) => it'll most probably rain soon, I'd better bring an umbrella.
So it's like with stochastics, if the stochastics show an oversold for a longer period of time, I'll try to look at the EMA to see when the trend may have run out of fuel. The problem with crypto is that it's so hype heavy. That's why I am asking some tips from experienced TA crypto traders.
Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
I used stuff like Bollinger Bands or RSI, which I find quite useful.
But I also rely on machine learning predictions or sentiment analysis, at least for the short to medium term strategies.
Stuff like this: https://enroyd.com/Predictions/
Of course no machine learning algorithm can predict the exact price, but I think of it as another indicator.
What do you think?
But I also rely on machine learning predictions or sentiment analysis, at least for the short to medium term strategies.
Stuff like this: https://enroyd.com/Predictions/
Of course no machine learning algorithm can predict the exact price, but I think of it as another indicator.
What do you think?
So you are a TA lover. To be frank I never liked the idea of technical analysis in the Cypriot currency because it does not apply here. I mean crypto currency is way too hard to predict based on the technical analysis data because it is not the same whenever it is predicted and when the actual time point comes up front. Also when it comes to the day trade then just forget about that any correct theory might be put forth it to predict the price movements in right way. For me fundamentals are very important. They do affect the crypto movement and they can be pre-judged very easily. So its upto you what to choose.
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