Bitcoin Forum

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)

- Bitcoin Support and Resistance for dummies (https://bitcointalk.org/index.php?topic=5263232.msg54829603#msg54829603)
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- Elliott Wave Theory for dummies (https://bitcointalk.org/index.php?topic=5274213.msg55151413#msg55151413)
- Fibonacci Retracement for dummies (https://bitcointalk.org/index.php?topic=5274632.msg55161978#msg55161978)

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.

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.

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.

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.

- 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.

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.

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.

I only make use of moving average and RSI in the area of confluence to make critical decision on my trading strategy.

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.

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.

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.

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.

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.

Thanks, I should look at Ichimoku once again, tried it before but didn't quite understand it.

Yeah, agree simplicity is always the best. I don't understand people who overload their charts with tons of indicators.

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?

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.

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.

• 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.

Never heard about this before, but is it really good? Is it an software or what. I don't know this but before I am using MACD, but that was before because I recently stop trading due to some personal problems. But now I am getting back to trading, reading some books and monitoring some charts, but I am not using any tools as of the moment.

MACD is so popular and it is one of the indicators that are frequently used by the traders. I also use that but it is a laggard indicator after all so it is giving a signal late, It is also easy to understand and it is easy to use and it is the reason why a lot of traders are keep using it. I also use volume and it is one of the important indicator that a trader should use because you will understand if a certain cryptocurrencies are trending with volume. A low volume cryptocurrency can considered as shitcoins because it does not have market participants but if a certain cryptocurrency have high volume, it only means that there are a lot of traders and investors that are interested to it.

In terms of tools, I use
1. Fibonacci Retracement
2. Gann box
3. Horizontal line and trend line
4. Risk and Rewards ratio

I think the more technical indicators we use, the better the analysis results we will produce. The favorite technical indicators
that I usually use include MACD, RSI, and Bollinger Band. With these three indicators I can predict the crypto market. And also
sometimes I do fundamental analysis to make sure the analysis I produce is more accurate. If we trade without doing technical
analysis, possibility we will suffer a loss. Because trading without having expertise in market analysis is like playing gambling.

Trend analysis as well as price action. I love them because you dont need to use any indicator or system to make a prediction. And as far as I know, indicator pull out signs slower than price action because it needs to collect information from candle and candle. If I had more time, I would learn Elliott Wave cause of the high accurate percentage.

I love these techniques because it requires your own brainstorming and you dont need to depend on anyone or anything. Analysis belongs to yourself. 1000 people use RSI will have the same result while 1000 people use price action can create 1000 out come. Thats why you need to be very consistency and independent. Trust yourself will give you the best result. Although I have not earned any big win but I do have a hope that one day, I will master trading and control every aspects of my own life

It is not a good idea to use too many technical indicators because, by analysis, they will cause paralysis. Each trader will have a set of favorite indicators of their own, so there is no perfect combo.

For the sake of simplicity, it is a good idea for most people to use candlestick charts with indicators for RSI and MACD. The Portion of volume is best viewed separately from the price chart, as an overly makes the chart a bit more difficult to evaluate.

Based on the same set of indicators, there are infinite ways of trading, so practice until you can spot the strengths and weakness of your current techniques. Knowing when your trading signals will work and under what conditions they will fail allows you to properly size your trades and , if necessary, take corrective action.

For a fact, technical indicators plays a key role to traders who have found a way to merge as many as they can to determine the movements of trends in chart pattern. There are a lot of them out there but your ability to engulf them into your strategy gives you an advantage in the market. I have formed a bond personally with the RSI technical indicators as it bettered my chances in the market.

(RSI) Relative Strength Index
I find this indicator very useful in dictating the over bought and over sold zones as it displays strength and exhaustion in the market. It is always helpful especially when your able to relate it with previous resistance/support zones where price has been found to play around a lot. Though, you still have to wait for certain confirmation before placing a buy or sell.

In the right sense, there is nothing like overbought or oversold market condition. I have seen situations where market trends look like they will reverse but then continue in the same direction. BTW, what determines overbought and oversold? It's all a fantasy of trader's imagination.

RSI and MA are major lagging indicators. They're culprits in this regard of distraction.


Please, what setting do you use for your BB?

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For me, I rely solely on "Leading Indicators" like Support & Resistance, Pivot Points and candle patterns and formations.

Like other technical indicators, RSI has user defined variable inputs, including determining what levels will represent overbought and oversold conditions, therefore, can be used to confirm any signals that the moving average produces. Opposing signals may indicates that the signal is less reliable and should be prevented from trading.

Support and resistance was basic technical analisys that must be mastered by all trader , as basic price movement knowledge we will understand in which level we put our order and also price direction. all mentioned above were good combination in technical analisys and i am sure you were good trader based on strategy you used. maybe combine with elliot wave theory and dow theory could make it as powerfull and profitable strategy.

I especially like Bollinger Band and KDJ at Binance exchange. I like thrills and profits so I usually use the x50 or x100 lever in one order.
What's special here is that it is very effective in small timeframes like the M5 or M15. When the Doji shows the signal at the support zone, your probability of winning is up to 80%. I have researched very carefully in my last 10 trades. I encourage traders interested in surfing to try using these signals.

I think in most cases that's true and you should use 2-3 indicators at most, most of the indicators are lagging indicators which makes them less than useless anyways and they only will distract you and make you doubt your trade decisions that you made looking at more proper indicators like RSI, I wouldn't suggest MACD though as it can be way too inaccurate at times and instead of that you can use WaveTrend which has a bit more accuracy since I tested them both myself alongside of each other.

It's because if you only have a free account on tradingview, you are only limited to 3 indicators on your chart. Mostly RSI is being used. I also use it to identify when to buy a token in the weekly chart and then swinging there whenever there is a chance of overbought and oversold.  I hate MACD for that. I leave it to the pro but fibo is my next fav to check for support and resistance.

I even not use the MAs for this but the 200MA is good to have at least.

I have the same indicators used by the other users who already posted but I've been using Fibonacci Retracement to easily spot the support and resistance of the market. Does anyone uses this as well?

Well, this is not to be redundant. But to add the number of votes for the best technical indicators you have to use for your trading.
Relative Strength Index -- For you to check the overbought and oversold. This is very important to consider when you are trading. Fibonacci retracements to make sure that you'll not stick with your countries trading decisions. These two are very important for your trading decisions, but yes, sometimes when you're there trading, you will actually forget to use these tools. But good luck on your journey!!

From all of the stated indicators on this post, one thing is to have. The Fibonacci Retracements are a must to consider for your technical indicator. RSI and recommended but I don't personally utilize it often. But sometimes it helps me to make my decisions. I know that it's important to determine bought and sold in market sentiments but I find it really hard to do my decision-making by knowing it.

Every trader has what works for him. What works for you might not be what works for me. Different trading strategies like scalping, day trading, swing trading and position trading might use different trading indicators, it all depends on what you are very comfortable with and it works for you.

I prefer Relative Strength Index (RSI) and Moving Average Convergence/Divergence indicator (MACD). Whereas Relative Strength Index (RSI) helps me determine the price momentum of an asset (overbought or oversold conditions). To easily recognize and confirm these price trends I use Moving Average Convergence/Divergence indicator (MACD).

Technical indicators are very important to help predict coin price movements, so we can determine buying and selling prices.
And of all the existing technical indicators, everyone uses different technical indicators, according to their respective tastes.
I am used to only using MACD and RSI to help me analyze price movements in the market. Because the two technical indicators
are enough to help me predict the price in the market.

Yeah, extreme swings happen and you don't want to be on its way when a swing happens. When doing short trades especially with margin trading, once I open a position, I keep an eye on the market until I have closed a position. If not, I at least makes sure there is a stop loss.

The indicators just act as a guide to me on what kind of judgement I can make along with the help of past trading experience and I don't entirely depend on them 100%

I think it is the main use of the indicators where it gives us idea on what will happen to price, it is just a guide and for me it is really not a signal. I use a lot of indicators like Elliot Wave, Donchian Channel, RSI and Moving Averages if I will trade using spot trading but my strategies will change if I will do a margin trading because I will switch to lower time frame because in margin trading; the higher the leverage, the faster the trade should be. I'm only relying on price action when I do margin trading but I'm using tools like horizontal and trend line for me to plot the support and resistance. I also make sure that all of my trade have stop loss in order for me to make sure that I will not suffer huge losses.

I use Fibonacci retracement and also RSI, Fibonacci retracement is not actually indicator but it is a tool in order for me to measure the pullbacks and for me to identify the new support and the resistance. There are 2 ways to plot the Fibonacci, first if you want to know the support where you will plot in swing low first then in swing high. The second plotting is by measuring the resistance where you will plot the swing high first then swing low. Right now the price of the bitcoin is in uptrend and plotting it to swing low to swing high can give us information where the current support is. There are a lot of tools that are useful, I using trading view as charting platform and their features are really good.