Bitcoin Forum

I am altcoin investor . so i want to learn technical analysis . and i am try to my best but need some suggetion. i want to day trading
so which indicator best for day trading?

In day trading the technical analysis has not big role,it is all about the decision making in my opinion so we have to decide what we have to do according to that condition,which indicator,,your instinct I think,if you are lucky enough then your instinct will be true.

I cant really deny that luck and intuition is really included when you do make day trading but those things wont really be effective if you are just making actions without any basis then you are just doing pure gambling. Its better to make use of technical analysis rather than on pure guessing. These tools might not be precise or accurate but you can rely because you can decide basing on what you are seeing. Mixed it up with fundamentals would really make high chance of profitable trades.

you can learn about price action analisys.it is very good when applied in daily trade or long term trade.if learn this methode , you can combine it with rsi or macd.

As a beginner in day trading wishing to use technical indicators, your first thing to do is to learn how to draw trend lines in determining your support and resistance lines. Get to know how to use Bollinger Band and RSI. These indicators can assist you to enter and exit your trade.

But day trading means more number of trades per day where the technical analysis have no role to play I think and it is just like oure gambling we are just doing based on our luck.But we have to hold them when the orices are falling this can be the strategy we have to include while day trading.