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To get the best out of any analysis confluence between multiple tools is best because it gives a clear picture of where to possibly set take profit and set a stop loss in case of reversals. For me i Iove support and resistance and so I combine trend lines, moving average, time frame and indicative candle stick making sure my chart is as neat as possible and any signal outside this i avoid it. This keeps my trading discipline in check.

What are your own it can be beneficial to someone else.

Using multiple indicators can get someone confused on the market direction. Using trend line is not a guarantee because it is a biase indicator since drawing the line is individual based. For example you can draw up your trend line and the next person draws placing it in a different price. However, support and resistance helps alot. Candlestick on a longtime duration can be used as trend indicator.

I too can say that using multiple indicators can get someone confused, I am not that sure about that but many traders have told me that before. Like me, I use only two or three indicators which is enough for me. I use Bollinga band to know when a market is over bought or oversold and this is very helpful, I joined it with relative Strength Index which also having similar function with Bollinga band but gives me in persentage the level of over bought or oversold market. I was not using indicators before, I have just started it and it is working than I thought. Maybe if I go further to use others, maybe trading will be better for me, but if I will have to be truthful, I have most positive results when I have been using Bollinga band and Relative Strength Index.

likewise, but i didn't relying on my tools where i can set stop loss coz automatically after placing a market order, stop loss would always be place depends on my risk reward ratio. and sometimes i didn't execute all the tools on my graph especially if i saw a clear trend in different time frames, coz it looks so messy and makes me confuse which to follow.

It might work for you, but not to anyone including myself. However combined trading tool usually give you low risk percentages since you're combining each line to make sure your analysis are correct. Also you need to have more work and time spend since you're using many trading tools, you could miss the moment due to lot of work. Personally I only using single or two trading tools only.

using several indicators may also be an option in determining the trading area, but the more indicators we use, the more confusing we will be in making decisions. therefore I think 2 or 3 indicators are enough. for example EMA, stochastic and combine it with support and resistance. but we also have to know the advantages and disadvantages of the indicators that we use, because not all the signals that are presented are not necessarily correct

With the different types of trading styles out there it's actually possible to trade without tools tbh, only naked charts. Btw I don't think drawing support and resistance can be considered to be a tool, but adding moving averages and the alike these can be considered to be as such as they are in the category of indicators but they aren't as reliable if you ask me.

How about multiple tools on a clean price chart. No much complexity at most two technical tools. My point here is just like multiple tools can stir confusion if it can't be properly used. Single tools on the other hand can indicate wrong signal. But sticking to what works is always the best tool the goal is making profit because single tool or multiple tools without profit is useless

I have always taken indicator with a grain of salt. Because I feel that you dont need indicators too much if you are trading long term, charts are enough to suffice and give you S/R levels. Instantaneous changes in the market will not affect you too much unless you are putting a large volume at stake at day trading - trust me, it is illogical to do that even if the projected profit is very high.

Beyond that Moving averages and RSI are enough to make a general prediction. Dont forget that these are predictions and not facts therefore they are always 50% correct.

Too many tools lead to analysis paralysis in my opinion, but if it works for you then you should keep it up.

Some will consider using more than 1 trading tool gives them great results but for the other traders, ain't never works. Even for me, If I was been satisfied with the result upon using a sing trading tool, I certainly don't look for another as this is not necessary anymore. Sometimes, the use of different trading tools will only confuse us and lead to a wrong decision.

Of course, we can try, at least we can see what would be the result. But as a beginner, we aim to focus on one. 

Do not forget about reading news. They can be useful indicators too for specific cryptos that you're holding or trading, they set a sign if there's going to be a shorting or if someone has to see that it should set a bullish pattern. Well, nothing beats having multiple tools and indicators in checking out the market.
But for those that don't like to look at the charts or don't know how to do it, there are still other ways just as I've said.

If you have been trading for awhile, you will try learning more indicators you can use to verify what other indicator is telling you and so the reason there are more indicators that traders are using. They won't rely on just one indicator and execute what it says because it leaves so much room for errors.

Some of them even have 2 or 3 monitors just to see what others indicators so and test some pairs, if its telling the same message.
Don't rely on single tool, if you have a Tradingview, you might try other platforms too if possible like Robinhood or Metatrader, its what a friend taught me to do.

Use the Bitcoin Fear and Greed index and try to apply the advice "Being greed when others are fearful, and being fearful when others are greed"

• https://alternative.me/crypto/fear-and-greed-index/
• https://www.lookintobitcoin.com/charts/bitcoin-fear-and-greed-index/
• Now, it is time to be greed according to the chart. Price can fall down more but it is a good range of price to do accumulation

Same here. I am not only using a single tool in trading and uses a lot something like on what you have posted, OP. I sometimes uses a Fibonacci retracement tool along with trend lines and Stochastic RSI and for me it is an effective strategy for scalping but with just using one tool like the Fib retracement, I think it is not enough.

I think you did not differentiate between the first two terms "tool" and the second "indicator".

When we talk about a trading tool, I mean the software tool with which trading takes place, whether it is manual trading in the platform or using trading bots and with different bots, programming language, execution speed and other variables.

But when we talk about indicators, we are talking about moving averages, support and resistance points, and others, which are necessary if the appropriate tools are used.

combination between several tools will give us best signal that will have less risk. first thing we must do was draw a trend line so we could open follow this trend, we could identify it using moving average indicators too. when we know market trend direction so we could open  position and using support resistance by using line or fibo. this is simple trading system between trend and support resistance but most traders use complicated system that need indicators on chart.

But if you're just learning, maybe it's better if you don't study too much in analyzing because it can make you confused in analyzing it. That's probably what beginners experience in trading because they lack information or experience using analytical tools. Maybe other people prefer to stick with one tool because they feel they can use it well rather than multiple tools that might make it difficult to analyze it. So it will depend on how good the person is at analyzing a coin.

Not sure but using different indicators usually doesn't work for me. I agree with the above replies, using multiple indicators makes things more confusing as, most of the times, each indicator gives a totally different results.
To be honest, am not an expert when it comes to technical analysis nor am a full time trader, but when I do I rely mostly on the market sentiment indicator more than any other indicator.

For me, I do types of trading. The thing to consider is that you have to have control over your money management. That's the essential part because that will be the control you need. Whether you have multiple indicators doesn't indicate that you will win in trades. It's nice to have a clean chart because it is simple to understand.

The best way to have consistency is to have a bot IMO. Get Gunbot (https://gunbot.ph).

Exactly yes, I feel anyone can easily identify patterns on chart, breakouts or reversals or even accumulations but one needs to have a set of indicators to ensure that these patterns are valid. If 2-3 indicators give you a signal while you are approaching a particular breakout the chances of that breakout being profitable would rise drastically, this is how everyone should actually trade not just by seeing a breakout and putting your money on it.

Surely using just one tool in trading isn't the best either. We need at least two indicators or three for comparison and confirmation of trade. Doing just a single indicator trading is just a gambling exercise. Trading actually requires the use of indicators and chart but not to cluster your trading window. When I use many indicators, I get really confused.

Not only you, but I also always make the support and resistance indicators mandatory when making purchase entries. With its easy-to-understand nature, it will always be mandatory for traders to implement it. Not only support and resistance, I also always combine it with Bollinger Bands and Zig Zag.

The general indicators you mention also depend on the suitability of each trader. Every trader does have their own indicator guidelines. Using Bollinger Bands, MACD, Fibonacci etc can be combined. Every trader will find out what indicators really suit their trading style.
Not only technical analysis, fundamental analysis is also important to balance the TA indicators that have been used.

Too many analysis tool box will make a messy chart and make interpreting coin moves cumbersome. A simple and single tool is enough to interpret a coin direction and if it's not clear enough the news is always there to add to the signal provided it goes in direction with the market moves at that particular time of trade. Too many tools is not good for a traders especially newbies

Doesnt matter on what indicators or tools you would be using when you do make trades neither it would be combination or would be using a few ones to make your chart to look clean as possible.

When you are already experienced then you could eventually make some support and resistance lines on a on spot manner on where you arent putting it literally and im like that honestly.

If you dont like to miss out then its not wrong on putting how many indicators as much as you can as long you could able to read it then thats what matter the most.

support and resistance could combine with many indicator tools , this is the basic from all analisys. by identifying support and resistance level, we will find in which place we could put our order with low risk. each traders should understand how to put support and resistance level, or their position not precisely.

Trading is a thing that you have to decide for yourself during the trade. Most of the time I just follow the candle line and take entry accordingly, especially once the market dump. I don't trade regularly now due to being short of funds. So just take advantage of volatility and wait for the dump before taking entry. I have been following when the red candle becomes too long, which means it will be green in the next few hours or a day. Very rarely do red candles last longer. So that's how I am Trading lately. If there is news then it's a different matter. We may take risks sometimes.

^ You may use all indicators that you may want as long as you should stick to one plan. It is better to have different preferences so that there is a comparison in your trading preferences and choose the good one. Many people think that trading is very easy to make money but in fact, it is not. There are too many tools and indicators to be used and if you are using all of them just wanted to be sure of your trading activity, you may be confused also which is a better one. Just stick on your own and stop-loss should always be there.

Bollinger Bands is a great indicator but tbh this isn't a newbie friendly indicator as it confusing and it requires a different indicator as well to be near perfect on execution of a trade. No tools are perfect so it's perfectly just fine if you're master of a few indicator the main thing is to record your accuracy and the percentage of the indicator/s you usually used.

The use of many indicators is not a good idea and indeed it was confusing which only leads to a wrong decision. Having the chart is enough for me, it already gives us some view of the market and enough to predict what possibly happens in the incoming. In fact, we can draw analysis from that, and perhaps, I was seeing positive results compared to the time that I use different indicators.

What is the best thing is that we can perform better trade and profit as these trading tools are not all effective.

Making your chart as clean as possible but i do agree that no matter how many indicators or tools that you are putting on as long you could
able to read and make  analysis from it.

Based on my own experience this is what i do commonly use.
1. Support and Resistance
2. Trend Lines
3. MA
4. RSI
5. Sticks on hour timeframes and finding out some bias.

This is actually basing on your own preference on what suits you on.

I look out for area of liquidity grab and break of structure coupled with 200 EMA, Fibonacci retracement and RSI.
Though the indicators lag , in that case of that I pay a lot of attention to the market structures and pattern.
In order not to get things too complicated ,Once this stuffs gives me the confluence I need, I'm in.

This is quite important for the crypto world, it is basically what you do in order to get better. I personally believe that if you know what you are doing then you should be making a profit, but if you do not follow news then even if you are a veteran of trading then you will not take advantage of the countless profits you could have made.

I use cryptopanic which is a crypto news channel where you see all of them and it gives you all the brand new things going on in the crypto world and that means you will be able to react as quickly as anyone else. Definitely a good way to trade if you follow news because crypto gets emotional at all times.

Confusing for some but if you are the ones who do set out those indicators then you wouldnt really make yourself lost or get confused since you do know on how to read them up which means
that it would vary on someone or person or trader on how many indicators that they would be using on.Each does have corresponding functions.So it would vary
because there are some who do make naked trading and there are some who do use lots of indicators to check out about price signals or patterns.

This can be a good indicators to use every time you trade, it compliments the other indicators and you can get more effective result if you do follow these indicators. I've been using a lot of indicators lately because the market is not moving that much and its hard to get the correct data if you are just going to base on a single tool. Knowing the best indicators to use is a must, you should focus on that and learn how to create a good strategy using that indicators.

If I may add, to learn more about the coin you are trading with, aside from those indicators, you can visit their social media threads or channels and read what is going on. In most cases, these devs won't publish on their official site about the updates, but they will post it within their social media groups. Because those indicators and other TAs are useless, if for example, the team is planning to do a pump and dump strategy. It may be too late for you to discard the coins you have on hand. But all along, they are giving hints to their social media community that they are about to exit this market.

Support and resistance are among the most important tools of technical analysis, but in my opinion that is not enough because analysts differ a lot in their analyzes and often make mistakes, so in my opinion several types of analyzes must be mixed together to get a satisfactory result. It is also important to study the market situation in general and the big news Influencing the market because it can reverse the trend at any time, so it is necessary to use fundamental analysis along with technical analysis.

The fundamental factor will just spike the price but when the news cool down the  prices goes back to where it was before it. Its good to ride the news though but that is if you can do it in timely manner. Most of the time its the TA that works, this is where you can tell that what goes up will really come down and all you just need is patience to wait for the bottom. Those who speculated  it right, makes money and the tools are already given to identify when is the right time to buy and sell.

If i should analysis a trade the best way to analyze a trade is using candle sticks, because knowing the movement of the candle sticks is what will make a trader to know exactly what and the situation of the market precisely, other indicators is deceitful indecencies that you have not know their rightful one that will bring good productivity..but using the candle sticks for those who read the chart and understand it, is the best option...i think i agreed with your opinion.

There are some traders that don't have a lot of tools or indicators while analyzing the chart because it will just make your chart look messy, which I agree with.
But there are some traders who are a fan of it as long as every indicator you are using got used and is not redundant with others.
If non-chart related, other tools like the platform that tracks volume, or inflows to exchange our outflows, like some on-chain analysis or some funding rates trackers for some exchanges. I believe they are useful too as long as you know how to use them.

News are always vital in determining the direction of a coin, so it should always be given priority too. However, if you have multiple tools and indicators, that will always give you an edge, but always remember that those are not guarantees to be profitable in trading, having one or two trading indicators are fine as long as they make a huge impact on the movement of the coins in the market.

I don’t really get it ::) wouldn’t that be creating a lot of confusion for you if you’re to be making use of several tools while trading in the market? You should select a tool and apply and not have several tools all at once on the chart, how would that even be of help to you?

Anyways, I do believe that a lot of people do things in a different way, since you have been trying that, has it been working for you? What impact have you seen so far in your trading ever sine you started to make use of this strategy? If this strategy is working so well for you, then, I have nothing to say.

For me i used tools only to see which is the respected levels and what are the possibilities of the trend it's either uptrend or downtrend because it depends if i want to do short or long, and after that i rely on the demand and supply and of course support and resistance.

Actually i don't really trust in using tools because sometimes they're not accurate. So after using them just to get idea i will put one tools only in the graph then replace with the trend lines. 

Just be in your comfort. It's been a question if these trading tools really work? For some traders, it gives additional benefits but for others, it results in different. That is why if you feel this never gives you good results, then there is no reason we continue using them. And besides, this is not the only we become profitable in trading, even simply using the chart as our basis for TA can also be possible. In fact, this is what I often use, but I believe the use of MACD in trading is seems effective.

Trading tools give low risks;
Combined trading tools give lower risks;
And also confusing at times.
When I have a working strategy (I said working, because many strategies doesn't work), I retest it and stick to it until the market renders it useless.
Combining many strategies breed confusion about decision making and financial management.
Bur generally, the higher the tools the greater the chances but the question is how effective is it?

For some users single trading tool would not be enough but for some traders one tool is enough it depends on how you understand the market and how you understand the uses of the trading tools but I used more than one trading tool to make my trade accurate as possible.

Trading is very risky and that much more if you trade without any basis of your analysis, you will end up losing for sure.
And so why these trading tools exist is because traders see this stuff as helpful to them. Let's say not all had function correctly and the results are somewhat disappointing but have to ask ourselves then if we know how to use this tool and been applied correctly and of course, nothing to expect that the results were good.

Each trader, as a rule, relies on some time-tested trading instrument in his trading. We take all additional trading instruments into account only when they confirm the correctness of the decision made based on the main one. And this is the mistake, since each trading instrument should have the same power when making a decision.

Trading tools are just one of the many factors that we need to consider in trading. They can surely help analyzing what is going on in the market. But the knowledge of the project itself is also for me have the same importance to consider about. Because without knowledge of the project itself is like trading blindly just by using the graphs, and not understanding the reason of such movements. You can expand your knowledge by knowing the project itself and at the same time evaluate if those trading tools is/are applicable to their current trend.

That's the thing if has been used correctly as the results are different even though both traders are using the same trading tool. It really matters how develop ourselves doing this as most of the time it won't work the first time. That I suggest seeing failing on the first try can't just say it was not effective anymore, the practice seems needed in using these instruments. That I think focusing on 1-2 trading tools is best as surely we can manage to apply it correctly. 

It's important to have any of those tools that will help you trade.

Someone who's new to trading having no idea that these exists will really have to take care of his emotion and losses because no one will help him recover those losses but only himself.

That's why it should be a norm for them to be a researcher and get to know those techniques and ideas that are coming from the experienced.

We do start to very minimal until we do gain sufficient experience then this is the time we do really consider on adding up even more indicators or tools which we do seem to be effective

and this would involved lots of trial and error and you would find it for yourself on which one does work and which one does not.You would make yourself even way more better

as you do go ahead thats why never stop on discovering things for yourself because learning would really be able to get through experience.

Perhaps in the event that I go further to utilize others, perhaps exchanging will be better for me, however assuming I should be honest, I have best outcomes when I have been utilizing Billings band and Relative Strength Index. Utilizing pattern line isn't an assurance since it is a predispositions pointer since it is individual based to take a stand.

whatever indicators are used if we can use them well it will generate profits. I think all of this is based on the trader's knowledge of understanding market movements. it is not uncommon for them to experience occasional losses, meaning that the signal presented is wrong, and of course a cutloss must be made, but sometimes after we cut the price the price actually goes up again. Therefore, psychological factors should not be ruled out

Support and resistance are the key indicator in the crypto market. Not that we fail to break them, we do it plenty of times but it just shows you if we are in the normal times or not. In the normal times we go down to the bottom and support allows us to stay above that and we should be fine, but when we are in not so normal times it drops under and you know that you are in some important times.

Whenever a huge wall breaks and we crash down under that I end up buying after a while and that is almost always a correct time to buy. When it breaks above the resistance it is basically the same thing as well, skyrockets quickly and you could start selling by that time.

Doesnt really matter on what would be the count or what types you  would be using as long  you would really be finding it to be that relevant into your own trading analysis and not
just tending to make use just because somebody had recommended it and trying out to read as much as you could.Just make use of indicators that you do understand even on the most
slowest duration or time as long you do make out some sure analysis then this is what counts.

Lots of indicators would be useless if you dont know on how to read it out thats why it will really indeed vary on someones analysis and preference.

It is important to use multiple analysis to trade the market than using a particular tool. Trading requires using tools that can guess accurately the next movement of price. We have technical analysis and fundamental which can be used to predict the next move of the market.

Like the technical side of trading that includes different indicators that can be used to predict price movement. Important indicators has to be used with trendlines to have more chances of buying the direction of price. The market is large so a single tool cannot solve a problem.

That’s right, I don’t see any good trader who don’t always check on the news. The news can have a huge impact in the market, so it’s always important that we come to the news every time to know what’s really happening and it would help us make good trades at all times.

Something else to keep in mind is that there are fake news or news that are not accurate, so it’s also important that whatever you’re taking from the media, you should make sure to properly research it and make sure that everything is correct before you digest whatever they are feeding you, to avoid taking the wrong information and getting misled.

Using 3 is enough, for me.

Too many trading indicators means a lot of lines in your screen, I guess it's fine if you're using PC but if you're on your smartphone, then I guess it's a no because for sure you'll be confused on what you're looking. A neat looking chart is the best to spot what you're looking for before entering and closing your trade, using many indicators are cool but I'm not really sure if you need multiple to make profits.

Will, it confused me, honestly.
Too many trading tools are found and yet they are useless in real life. We'd rather use a trading indicator that we know was very helpful and seems it accompanied us. But, I don't stop people from using multiple trading tools maybe it also works for them. Is this really a matter of how we choose things that we could benefit from. If we think 1 is not good enough, then we have to add more until we find satisfying results.

Honestly the problem is not that they are making some sort of garbage soup together with all the indicators and all that, I am talking about people who put everything in there and making a situation that is a mess but may work. The real problem is that people who have no idea how to use these indicators end up using it, and creating a mess because of that, that's the problem.

If you know what you are doing then you could build something that will be a big mix of everything, but at least you know what you are looking at but if you do not know what you are looking at then it shouldn't really be mattering to you at all, makes no sense to me.

So far, I've learned that it is not ideal to use just one analytical tool, it's going to end in disaster doing that, even while trading using the timeframe, it's advices to trade multi-timeframe in order to be able to see the market from a bigger perspective.

In my techniques, I have multiple things (techniques) to carry out before entering a trade, this is otherwise called conservative type of entry. I also have used trendline in conjunction with RSI before and it worked perfectly well for me. Using multiple analytical tools help to reconfirm entries and reduces risk in trading, it's worth employing as a trading skill.

Exploring to see what fits your style is I think the best thing to do in trading. Obviously, one trading tool is not enough, and having more than 3 can be confusing as well. 3 options are enough but finding the right combination is the crucial part. It may take you some time to master your strategy and when you do you start getting your profits.

Don't just follow somebody's trading style it might work for them but maybe not for you. As I have also noticed most of them will only give a portion of information about their strat because of course it is a competition after all. 

I would guess that if you are losing money that way, right after you sell the price goes up, then you weren't really fooled and you just weren't patient enough. I personally made many mistakes in crypto but not waiting long enough is not one of them. In fact I wait way too much instead, it goes to peak and I still end up losing profits I could have made because I didn't sell at the top.

The difference is that if you are doing something that is a bit risky and ignore all those people who told you not to do that wanted the best for you but you got out anyway. Next time, that person will wait longer than he should and learn when to sell in order to profit.

What you are describing is a trading strategy, you could use a single indicator or even no indicators to trade the market and still earn money, however by combining different indicators then you can more easily see several aspects of the market with more clarity and improve your winning rate.

However you need to be careful as adding too many indicators is a also a mistake which can end up hiding some important information or bring confusion to the trader as they receive contradictory signals.

Doesnt really matter on how many indicators you've been using as long you could able to read it out then thats what do really counts or even naked trading or having single indicator would do but of course it would
be depending on how good or knowledgeable you are but its really that hard to make out conclusions or setting up positions on just having single indicator since you would still need lots of information or
confirmation or signals which would justify your decision whether you would sell or buy.So its hard to to make decisions without proper analysis made via these indicators.
So its really important to have this one.

There are no other indicators that are much as effective as knowing the market sentiments all the time. You can have all the trading indicators as much as you want, but even knowing only the trends and sentiments of the market will give you higher chances to succeed in trading. As long as you always read the news and keep updated with the current events, you can always use it to determine whether the market is best to trade or not.

Indicators are the best tools for me to trade and its very effective for me, I don’t use any tools aside from my top pick indicators It may not work sometimes but it simply because the market didn’t go the way to predicted it, so just adjust the indicators and the numbers, you can have a good balance of indicators that can give you enough details to decide. Have your own strategy, you can seek advices from other traders as well but its still the best to follow your own analysis.

A single trading tool is never enough to achieving trading success. However, clustering charts with indicators isn't the way out too. There should be a balance struck in relation to what works for one. Perhaps, two to three indicators should do the trick. Just like you OP, I equally like using Support and Resistance and enhanced by Trendlines and Pivots Points. All the mentioned are leading indicators and they should be giving an enviable winning rate.

Okay lets put up some example on having single indicator.

Support and Resistance = You could determine the support and resistance but you would need still confirmation if there would be pullbacks or fake outs
RSI = Divergence is what you do really look after but you couldnt able to confirm if you dont able to see moving averages confirmations
EMA/MA's = You could see crossing and confirmation but you would need several indicators

which does simply shows that you would really be needing a couple or 3 or 4 depending on what you do need.

People have their own unique ways to trade, and that one trader is different from another. So i don't see any mistake from having multiple trading tools, i even see it as their advantage because if a single tool does not work, then they still have those reserved tools until they end up seeing the most satisfying result. For some, it may only bring confusion, but for others they use it as an edge from other traders.

You're on point for seeking extra confirmation. There's every tendency that whenever two or three indis confirm the same direction, it gives a higher level of confidence to take a trade than when only one confirms. However, we've to be very careful loading our charts with indicators that we don't even get to use. That's my point. Traders who do that hardly get better results than those who use a few. The reason being that one could be missing out on trades because of conflicting signals from the so many indis on the chart. Whatever we do, it's better to keep it simple anyway.

You need an honest truth? I believe trading is not even supposed to be for anyone or everyone, someone just can not wake up with an Android and decide to go into the market and start trading. Trading it self is very wide, it’s so broad, so I don’t understand why someone would want to make use of a phone because using a phone causes the use of just single trading tools which almost give you little or no power over the market.

For a trade to be successfully executed, there’s a need to have lots of trading tools and/or indicators placed on your PC screen rather than having them all clustered around on a 6.2 inch screen . And at the end, if better results are not achievable, speculations like “Trading is not profitable" is spread with immediate effect, blaming the market for their losses, trading with single tools is never an option, make use of a PC and indicators.

I think 2 indicators or 3 indicators are enough to start trading, indeed between indicators sometimes have conflicting signals, if they are contradictory and we have doubts, then you should not make transactions, because of course the three indi will have the same signal within a certain time . I think the EMA, stoch, and rsi indicators are enough

Too many indicators give rise to messy charts consequently lead to conflicting signals, candlestick is one of the most important indicator, it's formations give clear signal of price exhaustion, continuation and reversal, the addition of two or three more indicators particularly EMA to indicate trend direction and RSI for price oversold and overbought is enough to create a trading strategy, Bollinga Band is another indicator to determine the trend and volatility of the price, those indicators are enough to make decent profits is properly used and utilized.

That was I thought, that only it confuse us which one that are we going to follow.
Well for me, RSI and candlestick are good enough to use, we can make good analysis with that already. It is very important that we understand how to use these tools. It was indeed better to have a few trading tools to focus on. Besides, this is not the only reason why we succeed and earn a profit, it also matters how we make decision based on what we observe on the trend.

Well, I wouldn't solely rely on those three indis to take trades if I were you. Except you're a professional who has been profitable using them for a while now. Those indis are "lagging". They don't get you information of where price is heading until price gets there. You should be combining them with "leading" indis of support and resistance to get strong confirmations.

In practical trading, you will realize that there isn't really a thing as oversold or overbought. If you rely on that to take trades, believe me you will get severely burnt. You may succeed a few times but eventually you will be dealt with by the market for believing such terms.

Yes, I agree, you can learn how you can act in the market if you have had a good mentor, but you have to have more alternatives, because every mentor has their flaws and is not perfect, for me we all have many flaws, and sometimes you have to follow our instinct about the market, why? in Jesse Livermore's books he always listened to his instinct about the market, the reason is simple, when he had a feeling he listened to it, because it was something out of the ordinary, luckily for him what turned out in his favor I imagine, so it's not so bad to go with the hunches or small premonitions.

I really think that using too many indicators hinder your ability to trade instead of helping it, a very easy exercise to see this is true is to try to add 20 indicators on a chart and see if you can actually make any conclusion with all of that information.

Another reason is that while many indicators may seem similar they are calculated in a different manner so they will give you contradictory signals and as such it will make your trading harder than if you traded with just a few indicators or none at all.

A single trading tool is never enough to use for trading, traders compact more trading tools together for the sole aim to make profits, nothing more. Traders who always do copy trading in the space might one-day end up losing or getting their trading accounts liquidated. They don't just believe in their selves, always doing copy trading which sometimes, they don't know thr amount the person use in openings the trade, someone can used $2k to open a trade, unknowingly to you, copy the same trading strategy and use $200, when the market start going against you, complaints starts immediately and your accounts will get liquidated while the person you copy the trade from will still leave or opt out of the trade. The thing is just do your own strategy and believe yourself, with time you would get use to it.

Copy trading is used by beginners that just want to gamble, they will end up losing just like you have said.

Another one are trading signals, the newbies will also later end up losing because they are just taking trading as gambling and just like receiving predictions.

There is nothing better than to learn trading and have the experience, using the money you can afford to lose.

It does not mean, either you use $200 or $2000, the liquidation price depends on the leverage used not the amount used. But your comment is still valid because no one knows the leverage the person that was copied used while the person that copy him might use a higher leverage that can get the liquidation price closer to the price he enters a position.

When trading on a decentralized wowswap exchange (I do not use centralized exchanges) I use such indicators as MA 20, 50, 100, 200 in combination with levels of support, resistance. Also I use RSI indicator and volumes. As for margin, I do not use leverage above 5x, it also depends on the volume allocated for opening a deal and its direction (long, short)

It seems to me that any tool should be able to use. At the very least, it should be understood that this clearly requires attention and understanding of the essence of the process.

2 or 3 would be enough on which you could really make out some analysis with that but having a single tool or indicator then its really hard to make some reading when it comes to analysis

within the market thats why its really that relevant to make use at least 2 or more as long you do know on how to read it out then it wont matter if you do have many.

It is really just sensible that you would really be needing to have that kind of knowledge and skills on making use of it.

The dangerous part is that sometimes they do not lose on the first days, which creates the whole problem. If they start sing on the first day, of the first hour, then they will end up stopping and looking for something else.

But, they turn their initial 1k dollar into 3k and then it becomes 80 dollars, so that 1k to 3k blurs their judgment and they end up being a bit more dangerously trading person. Copy trading doesn't give you losses right away at times, sometimes it does but at times it gives you profits, like gambling where you may earn your first few rounds but end up losing it all in the end. This is why I keep questioning the situation.

Without a doubt those that earn a little bit out of copy trading at the beginning are the ones that end up losing the most money, if someone were to try to use copy trading and they lost immediately then they will think it does not work and then find another way to trade.

But those that earn money at the beginning but then lose it all will think that there is in fact some potential in copy trading to allow them to make money, they just have to find the right person to copy, so they keep trying this strategy only to keep losing money to the markets.

When you are tending to make copy trades then you should really be that mindful or be serious on learning up something even when you are just following because not like  forever you would really be making yourself

on following into someone and also there's nothing that could beat off where you do know on how to trade for yourself without relying anyone in terms on making tradition positions.

As for indicator or tool then one wont really be enough where there are specific uses of some indicators which would really be needing up some combinations.

I think it depends on the traders themselves, where is their habit and comfort to make a trade with their expertise. we can see that many traders do not use indicators and clean chart screens, but by looking at the candles they can conclude where the market is going. whatever technique is used as long as the trader is comfortable and can make a profit, I think it doesn't matter. but there are also traders who use more than one indicator to validate the signals they provide, only then can they conclude the analysis

For me 3 indicators are also enough, because when analyzing a chart two lines called EMA or any other can be used to see the behavior while another indicator can give us an idea of the possible trend to agree, of course those who have tradingview or any other another platform that they use to see or study a chart and that is paid, I would advise that they use the volume profile, since it gives in real time what is happening in each temporality and decisions can be made more easily, at least I have verified this each Whenever I analyze the market, I work more accurately when it is short term.

Yeah, 3-4 indicators serves just right. You put a trendline, RSI, EMA and maybe any other available indicator that gives you some clear picture of whatvis happening in the market. 3-4 is the most gor me as any thkng more would make the charts seem so cloudy and confusing. With 3-4 you get to narrow your views and could easily pick up the changes in the market behaviour on an indicator.
Although, you don't have to trade solely on indicator expressed constraints of the market bit you can as well give ear to other elements to an analysis as, indicator trading is mostly of a technical aspect. Fundamental analysis can also play a big role

All traders have a different view of the market. All traders create trading strategies according to their advantage and try to take maximum advantage from the market. I think the most important thing in trading is how you look at the market, because you can use the indicators to understand the market or you can find the market trends without any kind of indicator.

I do not use any kind of indicator in trading, without any kind of indicator I can get an idea about the market trends.

It's good you've developed a pattern you work with. By long term you mean trend change or timeframe? Also, are you highly profitable using this method of making analysis based on a short term? Can you twerk your pattern to see if it works long term also? I asked those questions because I've done short term timeframes and have seen how it can mess up one's mind. It will seem easy and profitable for a while but during chopping market the strategy is likely to collapse. I'm all in for longer term strategy. It gives me enough room to plan and do other stuff offline, and also keep my mind at rest.

You are the ones who would really be making out patterns via those real experience of yours because you cant really able to make one if you wont really be making out combinations.
Single tool wont be enough when you are really following technical analysis which it would really be lacking since it wont really be that complete for you to read up.
If you are just focusing for technicals and wont really be reading or reacting to fundamentals then it would be hard because not all the times where the market does have
some news.

I know people who use many indicators but only trust 1. They just use the others to back up what they find on the main one. RSI used to be my personal favorite also (even after I stopped trading just to follow the prices). But in 2018 and 2019 RSI was one of the shittiest performers in my charts. Kept screaming buy signals when markets went even lower.

Especially bad for altcoins/shitcoins.

These days everyone is failing. Do whatever kind of analysis but peeps are always failing at right prediction due to world wide economic crisis. Whether it’s cereals, or gold or bitcoin everything is crushed down badly. Food is getting costly at one end while currencies are weakening against dollar and what not! Seriously traders are predicting something at one end and the news slaps everything out of it and change the path of trading. Things are tough these days.

Using 3 or 4 indicators seems like the ideal number to me, fewer indicators than that and most likely you are overlooking some aspect of the market, more indicators than that and you are most likely using more than one indicator for the same thing and that is not a good idea as you may get confused about which indicator to use.

One indicator for trends, an oscillator, a volatility indicator and volume indicator should be more than enough to create a coherent strategy that allows you to make money in the markets.

3-4 would be enough based on real experience and its true that having 1 wont really be that sufficient nor ideal nor complete if you are really tending to make use of technical analysis.
We cant really deny that there are indicators which would really be that needed for you to read up trend change or situations where you could really able to make yourself to position
whether you would buy or sell basing up on the situation that you are into.You would able to notice out for yourself if you do test single indicator to be used
which analysis wont really be that complete no matter what you do.

I am not one to do much technical analysis because I use indicators very little, but I consider that the few that I know have helped me a lot, especially to have more precision when placing an order because it is much more millimetric when it comes to short-term or even in the medium term, I consider it good for that reason, obviously when it is in the short term I do not dare to do it because firstly I have no experience and secondly because I think that in the short term or very short term the market is so volatile that I do not know if In this temporality, the market uses mathematical indicators much more and they have more functionality.

It's actually more important to do fundamental analysis these days than TA because new tokens are being created in big numbers every day and you must know which one is fundamentally strong and all these charts and markets and hype can be faked and manipulated very easily. You hire a few influencers and get the hype and similarly you throw $100k and get a massive momentum as well. But all these things can't still change the fundamentals of a project. No matter how much hype is there behind dogecoin but is and will always be a meme coin and is fundamentally hollow.

All these so called influencers are highly deceptive and paid most of the times. Once you learn FA and somehow combine it with TA on top, you are ready to rock the market.

I think using diversification of tools is good actually, but the basic thing is that to know the tool that will be profitable and the one will not lead into distraction and mismanagement of fund's, actually if you are a trader what you will be inquisitive of is monitoring the movement of cryptocurrency chart, with the candle sticks navigation i think you will be able to know the when you are suppose to trade and to know when you are in the right track to trade and not to trade.

Honestly if you are a smart trader you can make money even from bear markets just by being smart and calculated with your moves. I give you an example I saw how people made money even when everyone else was losing money to the Luna attack or scam whatever. So smart traders knew the price will plummet and they opened short positions against Luna and as the price continued to drop they made thousands and millions of dollars just by repeating it.

We do need to understand that it's not that easy and that is why I didn't try it myself but if you have some knowledge and experience and know-how and when to short and long a particular coin, you can actually make a decent chink of money. Maybe start with a small amount and learn how it's done and then once you feel you have mastered the art of leverage and futures trading, go big.

That is true, even in the bear market, a trader can still make money.
However, it takes skills and experience how to attack the market.
Also, you need to know the background and current situation of the coin itself.
Because you can't predict the market trend just by looking at the graphs alone.
You also need to check and understand what is going on with the coin, their developments and updates.
If nothing is moving and no hint from their social media channels, are you going to expect that they will pump in the market?

I think that sometimes it makes sense for the market to use several instruments. This is more reliable and can bring more noticeable results.

I think a tight stop loss with not much wiggle room can be closed by normal market movements and you may miss a trade that could have potentially been profitable. A wide stop loss placed too far could require entering a position so small, that the potential profit might be too insignificant.

I usually use indicator like macd, psar and ema together for opening my position and closing my positions as well in order to filter out the ranging market I use ADX indicator. So in chart I have these indicators.

I always set multiple stop loss and take profits and see where they are and how their position fit the current market thanks to chart trader. I have an understanding of RRR for each SL or TP level before opening the position.

Another thing is I always replay my position history on the chart in real-time, I can see what I need to improve and check if any of my conditions are rushing or lagging behind. It gives me tremendous insight on how to go with the way I trade and constantly improve myself.

I implement these on a trading platform called cleo.finance (https://cleo.finance/) btw.

Yes we have to be open in terms of using other trading tools that would definitely help us in making critical decisions whether to short or long our trades.

I usually use Newscrypto’s platform for my trading decisions as they have multiple tools that are integrated with AI like the Moonlines (identifying multiple support and resistance lines in different scenarios), correlation, arbitrage, whale alerts, indicators, etc., along with some educational content. It makes our trading decisions much easier since they offer a wide variety of tools rather than just using a single one.
 

Be having that open-mindedness when it comes to possible ways or methods which might really be able on being helpful on your trading career.Single trading tool wouldnt really be enough i would say.
If you could do naked trading then its good but most of the time this would be particularly be into those experienced traders in the market. All of possible tools had already existed on the market
whether you  do make use of it or not but it would really be depending on you because it would really be lots of trial and error.
Its up to you on which one do works for you and do engage and adapt easily on sudden changes.

Depends on your trading pattern as well.

If you are a long term investor who buys assets that have a long term value then yes you have to use multiple tools to make sure the project is fundamentally strong, can sustain bear markets & has a scalable model. For example, Ethereum had everything but scalability is a bit of a problem as the network is now congested and they have to upgrade to Eth 2.0

If you are trading short term then all you need to ensure is market movement because you will ideally want to buy the dip and sell the tip but it's not that easy. You need tools that indicate the market movement and you need to act quickly and sharply to sell and buy on those points.

So based on how you trade and what strategy you use, certain tools are required.

Some very good points made but I always felt and still feel that trading around major market news is always a benefit. I don't know much about indicators, signals, chart movements, and technical analysis but follow the simple formula that when the price is down you just have to buy no matter what and when the price is pumped up, you need to sell and not be greedy. Just following these two things in trading can almost always guarantee you will not lose money.

I understand there are more methodological traders in here and all those candles and tools have their meaning, not sidelining them but no matter how much you analyze, the market will always trick your analysis and that's because there are whales who know what others are thinking and have that insane ability to manipulate the market opposite of what an average trader is anticipating and eat up their balance.

That was a risky move though, because even though the price of Luna dropped, there were times when it spiked high for a while, it was instant of course and responded with a bigger crash, but that would mean that all of your short positions to be filled and gone.

Tons of Long futures people took advantage of that as well, they did long positions on something they knew would go down, but they knew that they could have increased it just enough to make profit from the short positions before they sold it all. So even if you are a veteran of crypto doing the right thing, you may end up with a problem in your hands if you do not time your trades right.

Excess tools = confusion, two to three tools = confluence but a single tool =noise. Multiple tools are nice if and only it doesn't exceed three anything outside this makes the chat too busy and confusing because it will warrant interpreting more than three indicators and at the end you get even more confused than someone using a single tool

For me, trading in general is a rather complex work that requires the right approach, and most importantly, the correct organization of this work. Otherwise, the result is not easy to achieve.

Trading is never been easy and it would really be requiring that much knowledge and skills for you to handle out market conditions and since we've been dealing with buy and sell thats why we do really need several

tools and indicators which would really be helpful on your trading and everything would be varying on how well you do make use of it even though its not that precise on using them but its better rather than

having nothing at all or making out some wild guess on where price could possibly go.Its up to someone on how they would really be setting out theirselves into the market.

Using tools like charts and indicators are not really mandatory to do trades, we can set our target price and leave it until it reaches but for short term traders they have to do more analysis on the movements that is where the importance of indicators and other trading tools comes but it also doesn't ensure the market movement just a kind of prediction and expect it to happen. Long time back when I am actively doing day trades I used to use 3 indicators only because too much if indicators also will give more confusion which doesn't let us to conclude the things.

Exactly, carry out more analysis before trading  will really help you to avoid losses from the market. Using indicators and other tools to monitor the market price will really help you to go far in crypto trading, because a lot of professional traders made used of those tools to monitor the movement of the market price to know when to sell to make a huge amount of money, and when not to sell not to experience losses at the end of the market. I think, it is very difficult for those using  two indicators to monitor the price to experience losses at the end of the bear market because it help them to follow up with the current market price at the moment.

You have a point with that because we can do trade with a simple buy low sell high. We know what price we bought our coins so we also know if what price is ideal to sell it to make a profit. Some traders only use tools like the two that you mention only to help them predict the market better. They can then decide if they will sell/buy immediately or if they will wait a little longer.

Good thing for you that you still manage to learn 3 indicators but so many traders still find it hard to use indicators so they skip this part but they can look at the charts to see the movements of the price. A single trading tool may not be enough but that is better than nothing.

Buy low sell high might be easy but when you are on the actual situation then making out decision is something the hardest thing to be done.Yes, the concept or the whole idea on how to make profits is easy but

making yourself get involved on actual manner then this is where you do realize that things arent easy or simple as it sounds.When it comes to trading tool then of course you would really be needing several
indicators or tools for you to be able to read up the current market condition even though its not precise but its better rather than going some wild guess with  your trades or investment.

When you are leverage trading, you know what you are getting into and how you should approach it. I personally believe that we should not even consider leverage trading because it is a very risky thing, but if people are doing it, then they are aware of the risks that it entails.

So, if you are doing it on something that you are 100% sure that will fall, then you need to make sure that you are always on top of it, and instead of getting liquidated, you could end up putting a stop loss where you get out with some loss, even if 50% loss that would be fine. And when doing it, you should be always online and check it, that would allow you to make some profit.

What do you use in setting your targets? If you just jump into trades without analysis be it short term or scalping it is similar to gambling. Indicators are like guides they are not the main base for taking investment decision but they serve as conformational tools especially if you are using it with the news. The market on it's own is even more confusing without an indicator it might make investors guess on market trends and expect the market obey their own predictions

Yes, more or less I just do as gambling because most of the time I go with my instincts based on the news and to be honest I was right most of the time also I set realistic targets like 3 to 5% but not everyday once I achieve I like to take a break then start fresh and just goes on.

It is important to understand that often during work you need different tools, and you need to be able to work with them correctly. I think this aspect is quite important.

A single trading tool is not a smart idea because it can take a long time to recover. As a result, diversify your assets between reputable Coin. Because if one falls, the other will rise in its place.

Dont know on what you do mean about long time to recover on having a single tool to be used.I do rather believe that single indicator or tool wont really be enough on reading up a chart and made out

some analysis out of it thats why its really hard to having one because it would be incomplete or something which you cant read up basing with technical aspects.
We know that TA's arent that precise on this market but at least having knowledge and skills about on using it would really be having difference.

3-4 would be enough i would say but it does vary on someones choice or awareness on how they would be making use of it.

trading crypto with only 1 tool?, I didn't even use 1 tool at all and it worked,
many ways to trade without you having to buy a trading robot, or even expensive tools,
just use a good and correct strategy, such as using the MACD indicator , RSI or MA, EMA,
and don't be greedy, because greed will destroy you

This is the simplest question I've gotten in trading.
In trading, understand the indicator. If all your indicator point to the same direction, then you can enter the trade. Please note, you MUST check the news update before using this indicator. A typical list of indicators and their values can be viewed on https://m.investing.com/indices/bitcoin-real-time-technical (https://m.investing.com/indices/bitcoin-real-time-technical) . All indicators such as MACD, WILLIAMS e.tc are there.

In general, I am a supporter of the idea that you need to use several methods for work. This should be done tritely for the reason that not all of them always work.

If all of your indicators are showing downside, that usually means that it will go down, but if they all show upside, that doesn't always mean that it will go up. The problem there is that bitcoin market is fragile, when going up, people are afraid that it may start to go down, it goes up 2x? Then people say it is time for it to start going down, when in fact it could do another 3x on top of it. Don't believe me?

Check topics when it went from 10k to 20k in 2020, it then went to 68k at peak but during 20k many said it will start to go down. However, when it is going down, people do not think it will reverse, they think it could go on going down even further, which often does because of it.

Its true that bitcoin market is volatile and that's why I clearly mentioned that you must check the news before using those indicators. If you do, your success rate would increase. Speculation can change the market sometimes but most times, the information is not always true so people don't rely on it.

I think it depends on the user. everyone has their own preferences for using trading tools. even I've read that there are some traders who don't use it, of course they have their own technique to see the market and analyze it to determine targets and stop losses, therefore we must explore our abilities to find the right technique for ourselves, of course by increasing trading experience and keep a journal

the indicators you use are also part of the tools provided by the exchange. all the tools are as the OP intended. you are lucky you can use it well. because without a good understanding, many of the tools used will not produce anything. it's all just speculation.

My friend, this tool is a standard tool although there are little variation. The same tool is used by many traders on trading view website. Take a look at it here

https://ibb.co/Z6Z6D76

https://www.tradingview.com/symbols/BTCUSD/technicals/ (https://www.tradingview.com/symbols/BTCUSD/technicals/)

It should be understood that the market is a rather complicated thing. It seems to me that with the right approach, a trader should be able to work with different instruments. At least now you really need to be able to use different strategies and tools.

You have a good point, and It’s quite similar to what the OP is saying though – making sure that we are applying or making use of different indicators at the same time so that we can be very hundred percent sure that we are entering the market at the right time.

Using different indicators can be helpful for us as traders to clear every doubt that we may have. Originally, we all know that the market is volatile and risky, but that’s not to say that we should lack discipline.

It is absolutely complicated if we don't adapt to the nature of the market, we have to do otherwise.

A lot of trading tools are available, yet some of them are less effective or even nothing depending on our strategies and market approach. It has to know that trading results varies on how we manage our trade. Some say it was difficult and that was true but we don't just let this thing bother our mind, instead we have to face it and find a solution. We have to be proactive rather than thinking negative as this will never help us to improve.

I assume that adopting a few or even just one trading tool is sufficient because it is simple to manage and applying a lot of equipment might lead to mistakes in trading. Basically, it varies from the individual to what extent he is satisfied with the type of instrument, whether he wants to use one or just desires to use more. However, in my opinion, employing different programs will stop you from receiving what one should be equipped to offer under these circumstances.

Only make use of tools which is necessary or something that you could able to read on and not just putting it there just because someone do say that you should do so.It would really just make out a mess on your

chart specially if you wont really able to read it.Unlike when you are just using the right amount of indicators or tools which it would really be that precisely helpful on creating trading analysis.

Its up on someones preference since there are people who do really love to make use of lots of indicators but well it doesnt matter as long you do see for it to be
relevant then thats what counts.

With a single strategy on the trading platform you can never profit from the trading platform.You need to use different strategies to profit from the trading platform When you go into trading you need to be a good market analyst.Each candle must be understood. Stop loss strategy should be used. By using stop loss system you will never fall into loss.And use Take Profit to automatically sell whenever you move into a certain price range.If you can trade with such different strategies then you can definitely benefit from the training platform.

The different types of trading require different trading strategies, such as different ones for day trading and new and modified trading strategies for other types of trading. One strategy is big a problem because these are the means by which customers can make money in such unstable occasions. So do not work by just a unique and unchanged tool.

Agreed dude, Depending on the single indicator or source of the information for the analysis can be a huge risk for your trade always analyze as much as you can i boost you confidence and the efficiency of the trade. Better to check one by one and then analyze the data and variation between them which will help you figure out a decent result. in risk management these tips will try to help you.

This would be a never ending trial and error when it comes to analysis that you are making.It is true that one indicator or trading tool wouldnt really be that enough because there are lots of variations and market

conditions which you would really be needing to have certain indicators which would really be helpful for you to read up at least on whats going on with the market..It might not be that precise but it is way

more better rather than making yourself making out positions and decisions without any basis.Its up to you on what you should really gonna make use depending on certain conditions.

Exactly, researching and analysis the market cannot be only seen from one trading tool. There must be supports that will lead you to analyze more effectively and efficiently (but not tools that make it more complicated and dizzy enough). Additionally, trading analysis is also based also on how the TA and FA combination, is not only based on singular analsyis. This is to minimize or decrease the risks of changing the market suddenly.
There actually several complex things that must be analyzed and considered when doing trading activities, moreover trading in the Future market. That is why this may not fit the newbies or someone who cannot do the analysis carefully, smartly, and wisely (or only by those who only follow and use trading signals only).
Although we use the analyses, they will also not guarantee us to always profits and not losing, no, it cannot guarantee it. But at elast by doing some analsyis, we can press the risk probabilities.

sometimes it is not because you are good in those TAs, but how good you are getting information or hints from the team. if you are trading alts other than btc, it is advisable to check the social media channels of these projects. as they will give you insights on where they are heading to. those indicators won't matter if the team is already on the verge of breaking up or should i say about to abandon the boat.

This is a wise advise for crypto traders that only rely on what they see to trade like using only technical analysis or graphs and never concern themselves with news or what is happening around the project. Like what happened with Luna coin could show us how some coins can just a surprise coming but as an insider, you can have the knowledge before it finally take serious effect on the coin. Reading about the coin that you are trading is very important like it is said here , some collaborators may be at the verge of disintegrating which will definitely affect the coin at the short or long time. Therefore joining the telegram groups is important for a serious trader .

Using single indicator wont last long, its impossible that you wont really be noticing that there would be lacking something into your analysis which it would really be just normal that you would really be that
considering on adding things up and this is where you would really be adding more trading tool.
Just like on what the rest of people been saying that there are various indicators or tools which you could really make use basing up on market condition.There are tools which are
good for specific use case.
You can make use all of the indicators you do want as long it would be significant into your trading involvement or engagement.

 Don't overlook reading the news. They can also be helpful indications for particular cryptocurrencies that you keep or trade because they indicate when someone is planning to short a coin or when a bullish pattern should form. Well, nothing beats using a variety of instruments and indicators to analyze the market.
However, as I've already mentioned, there are still alternative options available for individuals who don't enjoy or are unsure how to use the charts.

Following up news is not an easy thing to do, which is why it's understandable for not every person to see what's going on. I personally believe that the best thing people could do regarding trade methods is that they should be checking both fundamentals but also the news, because that way you would know every aspect of it at all times and that's a good thing.

But if we are talking about just picking one, then I would assume that the best thing to do would be fundamentals, because it rarely upsets you and in the long run you will be profiting with it. Doesn't mean news are unimportant, it just a comparison of the two and one side is a bit more important while the other one is still important.

This is the important on having knowledge in both between technical and fundamental which you could really be having the option which one you would gonna follow or make use.
Just like the rest been saying that single indicator wont really be that enough because there are lots of market situations with different variations which do really end up on
being unpredictable in the end of the line.
You cant just sustain yourself on the market on using up a single tool or indicator because if we do make out some picture out then
it would really be a never ending kind of learning on different paths and ways.

Different strategies must be adopted for trading on the trading platform. You can never be considered a successful trader from a trading platform by using a trading tool.Each item has different tricks that you have to use.Just trading platform also has different strategies by using all those trading strategies you have to trade on the trading platform.One of them is that you should buy low and sell high.

Today's investors are very prudent. They try to use their common sense in trading. Strategy also plays a big role in trading. Those who can constantly change this strategy are able to achieve success very quickly. In this concern only one trading tool is not enough to do well in the trading business.

successful traders or pro traders they will always be careful in every analysis before buying the coin they choose.
discussing about buying cheap selling at high prices seems easy but it's not that easy, my friend. because both pro traders and successful traders have also experienced losses when they have analyzed before buying and after buying which according to him is already at a low price but the price is falling even deeper. because the analysis of the candlestick chart is only to minimize losses and not necessarily be able to get a profit because considering crypto prices fluctuate it is very difficult to predict.
so keep DYOR before buying and selling

A single trading tool is never enough, one needs to gather essential tools inother to get his knowledge and experience equipped. There are lots of trading strategy in the space and it takes only fast and sharp traders to adapt to them. Professionals and experts in trade can gather many length experience and knows how the market operates and they easily know the market next move. Coming up as a newbie was not an easy step but one needs to always trust the process.

I just found out what Bolinger is for when doing crypto trading. It turns out to be overbuying or oversold, thank you for identifying this matter friend. Now I can add it to my practice of crypto trading via spot.

Apart from this, I also agree that the use of many tools in trading will only give confusion to anyone who tries to do it, especially if the person who makes it or uses it does not have enough knowledge in this industry. So it is more advisable to do crypto trading through spot to be safer at least compared to margin or futures trading.

Bollinger band is very good as it shows oversold and overbought market, but it would be very good if used with oscillating indicator like RSI which could help you to know more about the extent of the overbought or oversold market. We should always know that in every trade or position opened, there are chances that the indicator may fail, the reason you should manage your risk and using a very low leverage. Never use the amount you can not afford to lose unless you have become a pro expert trader.

I am not used to margin trading as it requires borrowing asset which do discourage me, unlike future trading. I can also be able to go long or short position in future trading. You can decide to set your margin ratio to 1x in future trading which is less risky. Future trading is riskier if using more than 1x and also if the going short. But I too can still consider spot trading to be less risky.

Since you asked, I am only a beginner, and since I don't want to get stuck in the process of racking my brain, I only use two; trend line and Moving Average Convergence Divergenceoving average. I mean the whole idea is what works for you as an individual, and what can help you place a successful trade.

It is about what works for you as you said. What works for you can be divided into two. The first is what is working for you now and second is what will work for you on the long run. What works today might not work tomorrow and that is why there should be an alternative for backup and also for comparison. The market changes and so strategies and there should be multiple tools also.

The OP is talking about trading tool not trading strategy but I think a new trading tool is needed to create another new strategy. Crypto trading is like a roller coaster ride and we all know the movements of it. It doesn't stay on single place or a single line. This is why having a different strategy is a must so that it's still possible for us to earn in whatever direction the price heads to.

A tool is useful but strategies are more important. If you don't have any forms of strategies then you won't never be successful. I am not sure if there are now trading platforms which came up with a free strategy for their users to use but we should learn to modify them if possible.

It would be good if its tandem out with RSI which would really be showing off some confirmation or something that really forms out with some divergence if there is a possible change trend.Well, it wont really be

that precise nor accurate but it would really be that good on having these indicators and same goes when you do make use of BB's which are really that commonly be used when finding up some
change trend or reversals.
We know that technical indicators arent precise but it would be always better if you do make out combinations just to make a good analysis on things.

We have strategies and we also have indicators. Even if only using one or two indicators like BB and RSI, you will still have different approaches and strategies for different time range. Scalpers can go for 15 minutes candle sticks, day traders can go for 1 hour to 4 hours candles while swing traders will prefer to go for day and week candles. But that does not mean indicators may not fail, there are still many other approaches and strategies used to make profit and minimize losses in trading which are beyond using indicators.