Bitcoin Forum

Hello
Could you tell me, which indicators (eg. MVRV) do you use to estimate the situation of the Bitcoin's market?

Thank you in advance.

Im not telling that this is actually the best still there are a lot of trading indicators suitable for your trading.  I don't know if OPs' thread is suitable too in the trading discussion. Right now and still using with the MACD or the Moving Average Convergence Divergence  I'm glad if you learn to the thread I created [GUIDE]Moving Average Convergence Divergence (MACD) (https://bitcointalk.org/index.php?topic=5255303.0)

Volume.

I have been using Relatively Strength Index RSI for a very long time which shows whether a currency is overbought or oversold, but that doesn't mean it never fail, but at least it gives me some hints of Bitcoin market in the future, sometimes I switched over to MACD which is also easy to understand. You can possibly research on these two for more better understanding, Fibonacci indicator is very complex, so I think you should stay out of that.

I'm not a good trader but usually, there is an analysis that I compare that shows charting and lines on which will be the next scene that we're going to see.

This is also one of those indicators that I've learned about it being oversold. @OP you can compare and collect the usual indicators that you can see on the Speculations. You'll see interesting points, charting and analyzing to support why they think it will happen.

I don't think hunting for the "best" indicators for trading is a good idea.
There are a lot of indicators out there that are already the "best" depends on who and how they are using them.
But my advice to you is to start for those some basic indicators and learn first how they work, just like what @Peanutswar said, MACD is also good, or some momentum indicators, just like basic RSI or stochastic RSI.
There are some complex indicators now which is a combination of other indicators, that's why you should first how some indicators works because behind that there is some computation on how it works.

The price action most of the time and its volume, also you can use Fibonacci, these are easy to understand if you are just new in trading. Actually you have to create your own strategy in trading and use only the indicators that you are familiar with, also you have to take note that Bitcoin's market is very volatile and those indicators might be useless during the hype moment of the market, pay attention to that.

There are many indicators that you can use to estimate the state of the Bitcoin market, such as:
Technical indicators:
1 - RSI (10, close
2 - CCI (14, typical price HLC / 3
3 - MACD (12,26,9
4 - Admiral Piv4 - ot
Of course, you have to do some learning and read enough information about each indicator to be able to use it correctly.
You can learn more about these indicators on the website:
https://admiralmarkets.com/education/articles/forex-indicators (https://admiralmarkets.com/education/articles/forex-indicators)

I'm mostly a TA guy. Big emphasis on candlestick patterns, volume and volume profile (VPVR), price pivots as horizontal support and resistance, and moving averages for trend confirmation. I also practice Elliott Wave to give myself a bird's eye view of the market cycle.

I'm beginning to look at more on-chain metrics too though. Exchange inflows vs. outflows (how much BTC or stablecoins are entering/leaving exchanges) is a very telling metric. You need a subscription to a service like Santiment for that.

Thank you all for Your replies! How do you think, the indicators like The Puell Multiple MVRV and others are useful during the cycle? Is it worth to use it to estimate that we are currently in a bubble or not?

A couple of non-biased indicators are the best like an exponential moving average. It is basically a dynamic support and resistance which is not influenced by the trader. It’s really based on the chart. I think this type of instigators are the best ones instead of utilizing and creating you’re own support and resistance and charting what you want. I hope someone gets what I mean.