Do you know how the indicators are working when you talk about altcoins?
They are almost useless, specially because the whole crypto market is only followed by pure speculations, you can not expect to have the same patterns as the price of EUR/USD are having on forex.
Maybe the only good indicator that you can use for alt trading, are just the bollinger bands, they are very effective, and you can make a lot of profit from them if you are just looking to do scalping.
But ema, ma, macd, they are just useless, because they are not going to predict when a bad/good new is going to came to the market and when, and how much, it will affect the price.
Topic: What trading indicator(s) do you use for a 'long trade' or a 'short trade' ? (Read 191 times)
November 30, 2017, 06:37:37 PM
November 30, 2017, 02:02:54 PM
I'd say don't use indicators (except for moving averages). They all lag and you'd just be catching tails of any market moves. Trading strategies don't need to be as complex as people make them out to be. Stick to the basics. Try to identify levels of support and resistance, and then see how the market behaves around those levels. For that you'd need to pay attention to volume, time and sales and what's happening in the order book.
Once CME futures start trading, we'll also have access to volume profiles for bitcoin, which would help tons...
Once CME futures start trading, we'll also have access to volume profiles for bitcoin, which would help tons...
November 30, 2017, 01:34:09 PM
Hello guys 
,
I am learning how to trade and i'm wondering if some of you use trading indicators (MACD , MA,EMA ...).
What trading indicator(s) do you use for a 'long trade' or a 'short trade' ?
,I am learning how to trade and i'm wondering if some of you use trading indicators (MACD , MA,EMA ...).
What trading indicator(s) do you use for a 'long trade' or a 'short trade' ?
Jump to: