|
Title: technical analysis studies for bitcoin Post by: bitmarket.net on October 22, 2015, 08:50:49 AM Hello,
Can you please share what technical analysis studies have you found work particularly good for bitcoin, either for short or long term trading ? moving averages, bollinger bands, RSI ? Title: Re: technical analysis studies for bitcoin Post by: Afrikoin on October 22, 2015, 01:27:30 PM Hello, Can you please share what technical analysis studies have you found work particularly good for bitcoin, either for short or long term trading ? moving averages, bollinger bands, RSI ? moving averages Title: Re: technical analysis studies for bitcoin Post by: oda.krell on October 23, 2015, 11:00:59 PM Bit of a broad question, OP, not sure what answers you're expecting ("Yes. Use MAs.")
Here are a few 'broad' observations, maybe they'll help you get started figuring out this market yourself further: - Of the classical MAs, the DSMA50 seems more important in this market than the DSMA20 and 200. - This market moves relatively fast, most of the time. For many purposes, it can make sense to divide time scales by about a factor 4, e.g. as an approximation, 6h can act like daily in other markets. - Volume is (a) important, and (b) difficult to trust in this market. That said, I trust the volume of the zero or almost zero fee exchanges even less than the volume of exchanges with fees (Bitstamp, Bitfinex, BTCE, to name three). - Find your own way to read the order books. They can be even less trusted than volume numbers, but you can't really ignore them entirely either. Similar for swap stats. - Of the classical chart patterns, by my own anecdata, triangles seem to perform quite well on mid-term trends (~monthly) |