Bitcoin Forum

Hi guys,

Could you please share your findings as for the TA tools: do you have any decent strategy to follow.
Honestly, I'm not much found of TA, the more I read, the more I think that it is random.

Will appreciate your help,
Thanks

I use daily chart and some indikator like Moving average, MACD and RSI. And i prefer doing swing trading and will be buy and sell some coin by pending limit order. And when the price going up i will sell by partly because some times hard to know when the price in oversold and change to down trend.

There are many Technical Analysis tools available in the market namely Moving Averages, Trading Volume, Japanese Candlesticks, Elliott Wave Analysis, Fibonacci Levels, Stochastics and Relative Strength Index (RSI), MACD or Moving Average Convergence/Divergence, Ichimoku Clouds and the list goes on. The cryptocurrency exchange platforms may provide some of these and to use other you may have to look for third-party sites. There is an exchange coming up in near future named “Encrybit” which will host 80+ TA tools on site. Keep following the link http://encrybit.io (http://encrybit.io) for more updates.

Most of the times the TA I  used most often are moving averages indicator to determine the trend of the market in higher timeframes  using 4 hours chart as the minimum, I also used support and resistance indicator to trade either breakout or pullback of the price using Japanese candlestick patterns especially bullish  or bearish engulfing bars, hammers or pin bars, I also avoided those colourful indicators in my chart to avoid messing up the chart.