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Topic: What technical indicators do you use and why - page 2. (Read 557 times)

legendary
Activity: 2492
Merit: 1232
November 03, 2020, 06:30:19 PM
#22
  • Support and resistance
  • RSI
  • MACD
These are on my list.
Every time I do trading I often used the three because it appears to be more clear and precise, I could easily understand the movement and that matters to me in choosing which indicators I should use.  I have work and needs to be in a hurry oftentimes but with these indicators, I can understand it faster even at a single glance, or probably I just get used to it since I have been using it for quite some time now.
hero member
Activity: 3010
Merit: 794
November 03, 2020, 12:28:25 PM
#21
Most of us here definitely use RSI, that is probably the most common in every single persons indicator list without a doubt, and also MACD is pretty common as well not like many people leave that out. These two are the most important ones for sure and there are some other ones like bollinger band or even Stop and resistances could be used as well but the most common ones are the macd and rsi one.

I however would like to point out that TA could be done however you want and even though you could find some profits thanks to it, that doesn't mean that it is guaranteed. You could read a chart as well as you can imagine but sometimes market reacts reverse of what the chart suggests, it is just something inevitable and that will continue to happen in the future as well.
Crypto isnt the same with those traditional markets which can somewhat be read up with your technical analysis but  this is way better rather than making out some wild guess into your  trades.
Majority is waiting up for some new but we know that it isnt really always that we do have those events so we would really be ending up on using up indicators.

On topic reply on what are the indicators i do make use?

•RSI
•MACD
•MOVING AVERAGES

Cant put up the definition on how this indicator works but this is way more better to be put up in chart than on having
some naked trades.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
November 03, 2020, 12:16:49 PM
#20
Most of us here definitely use RSI, that is probably the most common in every single persons indicator list without a doubt, and also MACD is pretty common as well not like many people leave that out. These two are the most important ones for sure and there are some other ones like bollinger band or even Stop and resistances could be used as well but the most common ones are the macd and rsi one.

I however would like to point out that TA could be done however you want and even though you could find some profits thanks to it, that doesn't mean that it is guaranteed. You could read a chart as well as you can imagine but sometimes market reacts reverse of what the chart suggests, it is just something inevitable and that will continue to happen in the future as well.
full member
Activity: 1330
Merit: 147
November 03, 2020, 09:44:04 AM
#19
So far I only use at least four indicators for my all daily trade

1. Moving avarage
2. Exponential Moving Avarage
3. Fibbonaci retracement, and
4. Fibbonaci extension

I have to spend a long time to learn these indicators, so I haven't learn the other indicator like relative strange index, MACD, bollinger band and etc.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
November 03, 2020, 09:35:05 AM
#18
As you can see I prefer involving lagging and leading indicators when analyzing the markets. To me, they are all pretty straight forward and easy to use.

For medium and long term trades I can agree,,, and especially in times of sideways movement with low volatility periods. Problem with crypto anyway for me is the extreme swings that can happen in between that can eat up your stopd using any of those indicators, right?
jr. member
Activity: 42
Merit: 2
November 03, 2020, 08:27:46 AM
#17
Yeah, agree simplicity is always the best. I don't understand people who overload their charts with tons of indicators.



Simplicity for me is beauty and it is the way for me to manage mastery. I only use 2 indicators which are moving averages and RSI. When I was a newbie I really use a lot of indicators like MACD,  Bollinger bands and Stochastic but I changed my yrading system because of too many indicators. The signals and the conviction are conflicting each other so for me it is better if I will just use moving avrages and RSI. I use moving averages to validate a trend and to know the support and resistance. In RSI, I use it to know if a certain cryptocurrency is trending or non-trending,  to know the support and resistance and also to know entry and exit points. In terms of tools, I use a lot of tools,  I combine it with the trading indicators that I keep using for me to add convictions.
jr. member
Activity: 42
Merit: 2
November 03, 2020, 08:19:24 AM
#16
Thanks, I should look at Ichimoku once again, tried it before but didn't quite understand it.


Try out the ichimoku cloud system, its one of the best thing you can ever get to predict the direction in both short and long term, if you can master it well!
You Can get many tutorials on it on youtube.
member
Activity: 518
Merit: 33
November 03, 2020, 03:56:46 AM
#15
When I just started trading I used a lot of different indicators and that did not turned out well and the result was never anything even close to decent, so now I learnt to keep it simple and I mostly use "Squeeze Momentum" and "RSI" for all of my tradings and the good thing about these indicators is that they work great on almost all time frames from 15min to 1-3day, just my suggestion is to never use those indicators that claim they will give you buy or sell signal whether they're free or paid since all of them do not work(specially on highly volatile crypto market) and you will be wasting your time as well as your money.

As long as you understand that indicators are just tools to help you to find a better entry and exit price and can be only somewhat accurate and definitely are not 100% or even 60-70% accurate at times and are nothing more than that then you will be fine while using them and they can help you to get better trading results.
sr. member
Activity: 1330
Merit: 326
November 02, 2020, 11:45:17 PM
#14
Before, I've used Bollinger Bands, RSI, MACD, Fibonacci and Volume.

Actually, Ive been using many indicators before. But that makes my trading more complex that's why I find it easier to read just few but strong and useful indicators. I just have three indicatoes which i am using until now.

-RSI
-Stoch RSI
-MA

So far, Ive been doing a great job by that of three indicators Ive been using. We have different technical analysis that are comfortable with and which we think that are best in our own trading style. But it is more significant that we know how to read indicators properly.
member
Activity: 868
Merit: 15
November 02, 2020, 10:59:23 PM
#13
Technical analysis indicators are very helpful in business sometimes it is better to combine a few to create a reliable trading strategy this way you will get a very powerful system that will give the right signal to open business locations. Among the trading indicators MACD alligator and RSI give very good results and the signals produced by them are extremely strong and reliable always protect your capital and you can do this by applying money management strategies as well as controlling your emotions taking the time to learn these skills reduces the risk of losing money and improves the chances of running a profitable business.
sr. member
Activity: 924
Merit: 275
November 02, 2020, 10:27:38 PM
#12
Simplicity for me is beauty and it is the way for me to manage mastery. I only use 2 indicators which are moving averages and RSI. When I was a newbie I really use a lot of indicators like MACD,  Bollinger bands and Stochastic but I changed my yrading system because of too many indicators. The signals and the conviction are conflicting each other so for me it is better if I will just use moving avrages and RSI. I use moving averages to validate a trend and to know the support and resistance. In RSI, I use it to know if a certain cryptocurrency is trending or non-trending,  to know the support and resistance and also to know entry and exit points. In terms of tools, I use a lot of tools,  I combine it with the trading indicators that I keep using for me to add convictions.
hero member
Activity: 1050
Merit: 681
November 02, 2020, 08:57:50 PM
#11
Try out the ichimoku cloud system, its one of the best thing you can ever get to predict the direction in both short and long term, if you can master it well!
You Can get many tutorials on it on youtube.
full member
Activity: 1316
Merit: 104
CitizenFinance.io
November 02, 2020, 06:56:57 PM
#10
I only make use of moving average and RSI in the area of confluence to make critical decision on my trading strategy.
sr. member
Activity: 2422
Merit: 357
November 02, 2020, 06:16:57 PM
#9
There are many technical indicators that traders use. I prefer just moving averages, volume, sometimes RSI. What's your favourite indicators for crypto-trading and why? (If you use them at all)
MACD
S&R
RSI

And sometimes none at all because I have to hurry and trade right away so i can ride the trend. If you are a trader now with good experience sometimes looking at the chart without plotting indicators is enough already for see, you can easily see the trend and that is the power of having the right knowledge, don’t skip learning how to trade because indicators is very helpful.
full member
Activity: 2128
Merit: 180
November 02, 2020, 04:53:24 PM
#8
Trading is very hard for me so I rarely trade but if do I always look for the Support and Resistance level and I used MA to see its trend. Technical indicators works in cryptomarket but it requires great skill to see that trend, start with the basic indicators and if you have more knowledge about it you can now use the more complicated indicators.
legendary
Activity: 3122
Merit: 1140
November 02, 2020, 04:23:40 PM
#7
There are many technical indicators that traders use. I prefer just moving averages, volume, sometimes RSI. What's your favourite indicators for crypto-trading and why? (If you use them at all)

- Support and Resistances
- RSI
- MACD
- Bolinger bands

These are the technical indicators that i do make use into my trades but sometimes i do only make use of S&R
which is already sufficient.
legendary
Activity: 3052
Merit: 1273
November 02, 2020, 03:31:05 PM
#6
I use just Bollinger Bands, that too only when I'm not in a condition to understand the naked charts through my price action strategy. I love watching the whole charts without even a single technical indicator on it. Bollinger bands help me understand the right situation about the markets as well as indicate clearly about the trend and that helps a lot in deciding whether to long or short BTC against USDT.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
November 02, 2020, 03:09:15 PM
#5
RSI and moving average are my preferred indicators, MA is just for trend direction while RSI is used to determine overbought and oversold market sentiments, RSI also helps  me to determine price reversal coupled with some price action based on exhaustion candlestick patterns and price divergence.
I prefers naked chart analysis with the two indicators this is used to avoid unnecessary distractions which is common to using many lagging indicators.
Exhaustion in some candlesticks especially at overbought and oversold zones thus form Price Action like Pin Bar, hammer, Doji etc are technical indicator to me apparently I always avoid many colorful indicator which might cause conflict in taking trades.
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
November 02, 2020, 02:30:31 PM
#4
The ones I mostly use are;

  • Relative Strength Index (RSI)
  • Bollinger Bands
  • Moving Average Convergence/Divergence (MACD)
  • Fibonacci Retracements to determine possible support and resistance regions

As you can see I prefer involving lagging and leading indicators when analyzing the markets. To me, they are all pretty straight forward and easy to use.
full member
Activity: 2086
Merit: 193
November 02, 2020, 08:49:20 AM
#3
I don’t use much indicators because I want to see clearly the price movement of the specific coin but I do fibonacci most of the time and since S&R is common and don’t need to draw a line every time I trade. Having good knowledge on indicators can save you from losing money, make sure to know at least the basic indicators, it’s still matter.
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