Bitcoin Forum

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?

It doesn't seem like there is anything like that in Bitcoin dude, maybe it's only in forex. Because the difference between bitcoin and forex is that it is volatile, that's why the bitcoin value reached today in the market because of its volatility.

This volatility that Bitcoin has is one that can give a good profit to anyone who believes in it as long as the process steps are correct, but this can also cause you to lose the capital you have for the Bitcoin that you invest.

Doesnt matter on which one you would really be engaging on on which having these technical indicator or tools is something that you would really be using in common.The only difference is that when you do make use of TA here on crypto space, which it isnt something that could really be that precise considering that market is way too volatile unlike when you do deal up with Forex or stocks.
You should bare up in mind that whenever you are dealing with a market then it would really be that understandable that you should really make use of something rather than on making yourself
on making price predictions without having any analysis or something been used which is something do considered to be a total gamble.

You can find such applications and signals on other places like Telegram, but for sure something like that is not guarantee you can get the exact result or make a profit, because as far as I know that's all manipulated to benefit themselves, so better to do not believe so much, and I suggest for you learn and read it your self bitcoin chart on trading view or another aplication which are widely spread on Internet.

Market capital size is important as it is helpful for institutional investors and traders to get in and get out as well as making their market manipulations. Indicators are available to use and you can keep your strategy as simple as possible but you can make it very complicated with so many indicators.

With trading, it's not true to say what strategy with included indicators, is good or bad. As it depends on not only the market, quality of the strategy and inclusive indicators but also personal trait of a person who uses it. A same strategy can work for me but can not work for you as we have different traits, patience, discipline and different capital size.

It is different price move and also different analysis but indicators are the same, the strategy and idealogy also the same. However you should know the volatility is not the same. IMO I think bitcoin is very volatile. The volume is high for bitcoin . You can use the forex indicators to trade the bitcoin market but you also have to monitor the whale manipulation which makes the volatility spontaneous.

It's best to hear it from someone who's really into both markets, bitcoin and forex. Because I'm not into forex and I can't tell and depict if it's possible, so instead of giving some guess and thoughts, it's best to this from someone who's experienced in both markets.

I'd say that in stocks and bitcoin, you can have the same technique but talking about signals and indicators. There's just a bunch to talk with if it you're relating to both of it. If no one will show up then it's your call to test the waters if it works or not.

There's actually market indicators in both Bitcoin and Forex, is also works the same however the difference is Bitcoin changes it's value from time to time since it's a volatile nature. If you're finding Bitcoin's calls it would be better to do your own research and decide for yourself because you can't risk your money to someones calls. There's a lot of group in TG that discussing about calls since a lot of whales have their own group. You still to be careful since TG is also known for fraud and scammers. Also in Twitter there's a lot of of verified users that having their group calls. Still always be cautious it might be fake.

The answer is no. It's just because their volatility isn't the same. So we predict that if your analysis in one specific trading pair is functioning, the other pair is not and will occasionally reach your SL. Aside from that, each trading pair has unique market behavior. As a result, when comparing the two charts, their price action is not the same.

So it is reasonable to always back test the trading pair if it is your first time to make your analysis working.

Yes, Bitcoin trading also works the same way for traders like forex, but the volatility of the Bitcoin and crypto market is highly unpredictable and due to that sometimes the indicators might not work the way they are intended to work. The technical indicators work the same way, and if implemented with a good strategy, and proper trading plan, than the results will be positive.

No matter Bitcoin or Forex you should not rely on those signals that the apps give you. Most of those signals won't work, and you might lose your capital by following such baseless signals. It's always better to learn trading yourself rather than relying on the signals shared by someone whom you don't even know. And, if you lose your capital by following those signals, that won't cost them a penny, and they will still be making money from the ads on their apps.

Yes, Bitcoin has trading signals and indicators just like forex. Some popular technical indicators used in bitcoin trading include moving averages, MACD, RSI, and Bollinger Bands, among others. Traders can also use various chart patterns and candlestick analysis to make informed trading decisions.

However, it's important to note that technical analysis alone may not always be reliable in the highly volatile cryptocurrency market.

Forex, Bitcoin, bullion, Uncle Sam's currency - it's like a perpetual round of "One of These Kids is Doing Their Own Thing!" Yet, amidst the contrasts, some parallels thread through these distinct markets. Take trading, for instance, a rollercoaster of thrills (or chills, based on your vibe). Plus, signals and indicators abound, guiding you toward well-versed trade choices.

But Bitcoin? The plot thickens. Even though Forex outnumbers Bitcoin in app and tool availability, that doesn't mean Bitcoin trading lacks signals and indicators to steer through the wild, untamed market. Heck, I've concocted my very own covert Bitcoin trading signals, dubbed "the Blockchain Boogie." Picture plenty of expressive moves and incantations - bizarre, I know, but it's a winner.

Naturally, the Blockchain Boogie isn't everyone's forte. That's why it's crucial to stay receptive and scout out a spectrum of tools and resources to pinpoint the ones that gel with you. Whether it's classic technical analysis or offbeat approaches like dance and melody, no single "correct" method exists for Bitcoin trading.

If Bitcoin trading was completely different, then we would be having any technical analysis tools and indicators similar to those of forex trading in trading view. One thing for sure is that no tool is 100% perfect in predicting the market right every single time! At least not available publically.

You can also create your own "signals" using the available tools and technical indicators

Beware of fake signals apps, malware, scammers and pump and dump groups.

Even the forex signals you talk about are not really that accurate, so is it really important for Bitcoin trading? Nop. Perhaps signals are generated with trading tools like indicators, so if you are trading your Bitcoin on any platform, the indicators are still there to apply and get the signal of which direction the market is expected to go.

As far as I know, all technical indicators, be the basic one to advance is the same across all markets. However, the price movement might not be the same, i.e. Bitcoin market is very volatile as compare to any other out there like Forex.

So most likely, you will have to make a "wild and educated" guess of your own in both market.

And if you are looking for like a stable source of income, both can be used, but it will be very difficult.

Well you can get free trading signals in Bitcoin in https://www.tradingview.com/symbols/BTCUSD/?exchange=CRYPTO

Whether you are trading forex, crypto or stocks. You can use the same technical analysis. Whether it actually works to make you money is another question.

Largest difference between forex and crypto is that crypto usually has larger moves than forex. With forex you can perhaps make 50-75pips on a good day which isn’t much in percentage terms. With crypto it’s not unusual to get 5% daily moves.

The comparison of the analysis between forex trading signals and Bitcoin is quite different because of the volatility factor. It is best advisable to logical and analytical in your market illustration when trading forex as most people believe me that manipulation sets in at one point or the other which can be sometimes unavoidable. You set your “take profit” and “stop loss” while trading forex especially in order to avoid loosing your funds in your account and to be on the safer side. Bitcoin involves understanding the highs and lows point in the market situation, especially now that the price of Bitcoin has fallen to the bearest minimum which a lot of people has predicted already in the past, we only need to build ourselves by understanding the analysis of the market prices/situations, the more you understand how the market works in crypto, the better your level of confidence.  “YOU are the best teacher to yourself”.

I had tried both forex trading and crypto trading each signal are different from each other, forex pairs are less volatile you can open position at a very good price infact when price retrace a trader can enter a trade with just a small drawdown and ended up with a very good profit, however in crypto trading trading once you miss any chance of entry the price would have pump or dump massively thus making an entry very risky because an inexperience trader might have entered a trade when the price had hit a support or resistance and started retracing due to high volatility thus incur losses

They are same technical analysis that will be used to expressed all but what really happened is that in forex it doesn't function as crypto although we can use same principles and practice to apply in crypto, any one who knows how to trade on forex very well can as much handles cryptocurrency pretty much fine because he would apply those knowledge and experience to bitcoin trading.

Forex trading partially different from crypto since they have days of trading for instance, trading Usd again Euro or any others currency.
In crypto it doesn't function that way, it solely depends on news either to be positive or negative, whenever the positive come you may see strong Green in the market same as negative news which affect the market negatively causing serious panic in the market.

There are platforms and brokers that have both crypto and Forex pairs now. In the recent past it wasn't possible. Innovation has proved consistently that change is a necessity for growth and advancement. In fact, in 2017 when I joined the crypto business one could only trade cryptos as a Spot. The Futures option wasn't there. It was enter one sold Bitcoin for altcoins or exchanged it for fiat at once. There was no stablecoin to sell into. It was just a one-way traffic then to make profit. One could only buy and hodl, then wait for price to appreciate to sell off. It's different today as anyone can sell without even buying, just like what we've in Forex trading.

Talking about indicators, one can trade cryptos using the same indicators one trades forex with. It's just a matter of backtesting them to know which works well and with what parameters to set them to.

Similar to the foreign exchange market, there are some common trading signals and indicators in the Bitcoin market that can help investors make more informed decisions. Here are some common Bitcoin trading signals and indicators:

Moving Averages: Moving averages are a common technical analysis tool used to determine the direction of price trends. In the Bitcoin market, common moving averages include Simple Moving Averages (SMA) and Exponential Moving Averages (EMA). These averages can help investors determine the direction of the trend and identify potential buying or selling opportunities.

Relative Strength Index (RSI): RSI is an indicator used to measure price momentum. It can help investors determine whether the market is overbought or oversold and identify potential reversal points.

Bollinger Bands: Bollinger Bands are an indicator used to measure price volatility. It includes three lines, including a centerline and two standard deviation lines. Bollinger Bands can help investors determine the upper and lower limits of the price and identify potential buying or selling opportunities.

Volume Indicator: Volume indicators can help investors determine the strength of the market. High volume typically indicates a strengthening market trend, while low volume may be a signal of a market reversal.

For me specifically, that while there may be some similarities between forex and bitcoin trading, it's important to keep in mind that they are ultimately different markets with different factors affecting their price movements.

Then, while you could potentially use some of the same technical analysis indicators on both markets, you may also need to consider additional indicators or signals specific to bitcoin trading.

Important, also worth noting that the lack of available apps for bitcoin trading signals may be due to the fact that it's still a relatively new and evolving market compared to forex.

You need to understand that Bitcoin is quite different from the way we trade the forex market but there is a comparison between the both. In Bitcoin you can trade the market using technical analysis but the market is mostly based on the law of demand and supply. If you understand more about the law of demand and supply then you will have pior understanding about what I meant.

In forex market, we can trade the market mostly based on the news which is the time when liquidity mostly happens in the forex market.
You can buy signals and use to trade the market without having to go study multiple charts especially when the signal is prior to accuracy. The is signal too in the crypto market but are based on mostly pump and dump.

Forex and Bitcoin trading has their own signals and trading strategies. It is better to use their respective one. Bitcoin signals aren't available that widely, because people don't want you to get ahead of themselves. But it is possible to make one, but that will require some advance programming knowledge. Use your analysis knowledge and ask a programmer to turn that into code and create a bot which will give you entry and exit points.
There are some available, but I won't recommend them. Free things are always sketchy.

In some cases we can find some similarities between bitcoin trading and Forex trading but in the case signal and indicators I think bitoin ans forex trading has their different way. So if you wanna invest in bitcoin then you have to study for it to know the signals and indicators. Because bitcoin is highly volatile from forex trading in some cases. So the answer for your question is yes there is differences on bitcoin signals and indicators.

I don't think there is any correlation between bitcoin and forex. The two are different things.

Since they were all different investment assets you can expect gold and bitcoin together with any other asset has thesame indicators,  their mode of engagement is also quite different, since am not interested in other form of asset than bitcoin, what we make use is our personal study, resea and findings and you get this from different means, you can also sit to study the chart flow and understand the parameters, the weekly candles as well as past event on bitcoin history.


They have different signals and each of them in independent of each other for their price.


Some make use of social media tracking apps to get notified about any time about every ongoing situation, this is what the forex traders uses.

I don't think there is any correlation between bitcoin and forex. The two are different things.