Bitcoin Forum

It is quite a while I have been on this forum, I have noticed some people saying they are not using trading indicators for trading, some people highly recommend people to use indicators. As for me, I have noticed to better draw lines or just carefully look at the candle sticks which significantly got me many information about the next steps to take. Out of all the indicators, I have preferred the RSI but which I can still also predict from the candle stick and I like drawing lines which can easily indicate the extent market increase or fall.

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

If you are using indicators for trading, which ones have you used that make a good trades for you?

Just like you I was using RSI to determine if it is overbought or oversold as well as looking for divergences that may indicate if it was a bullish or bearish market. Different traders have different kind of analysis some users only rely on support and resistance and candlestick movement but that doesn't mean that it is not effective. So yes I am using indicator and it help me to understand more what the market is telling.

Most traders use Moving Average Convergence Divergence (MACD)^[1], Balance Volume (OBV)^[2], and Relative Strength Index (RSI)[3], as a basic indicators for trading, they help in determining entry and exit points, which can be the basis for placing buy and sell orders.

these indicators should not be separated from metrics such as results from the glassnode, volumes of withdrawals from platforms, news, and analysis of market psychology.
These metrics above are based on Bitcoin trading and a few altcoin pairs.
As for the rest of the altcoins, they are just speculations, relying on news more than technical analysis.


[1] https://www.investopedia.com/terms/m/macd.asp
[2] https://www.investopedia.com/terms/o/onbalancevolume.asp
[3] https://www.investopedia.com/terms/r/rsi.asp

Relative strength index like the name is to know the strength of market and where price have been going to so it helps traders although it has a fault that when market direction have changed to buy, it still stays down indicating for overbought until it will slowly change to buy signal. Apart from RSI, drawing of lines and chart are good, mastering candlestick is also good but on a longtime.

I mostly follow the teachings of this subreddit  (https://www.reddit.com/r/RealDayTrading/)where they use:

- 3/8 Exponential Moving Average (EMA) cross
- 50-/100-/200-day (Simple Moving Average) SMA's
- and On-Balance Volume (OBV)

I mainly use the 3/8 EMA to identify the entry for a particular a asset using the 5-Minute TF (M5). The SMA's, on the other hand, is used to help me identify which directional bias is ideal on a particular trade including the volume. These 3 indicators, along with the simple S/R, are the only ones I've used to ascertain the market. And personally, the fewer indicators, the better.

Moreover, since the reddit group are primarily trading in stocks, some of the indicators they used such as IOP isn't available in crypto, so before doing any trades, and as an alternative, I do a quick eye scan on the LiveCoinWatch.com to see which of the alts are showing signs of RS/RW that could give you a bigger picture of the overall market sentiment. Because they said that it is important to see the status of the market first before doing any trades.

I do. I don't think there's a trader that isn't using an indicator for venturing into trading, even experts do use it still even if they are knowledgeable enough for the market. I'm more on the lines, volumes, RSI and even Fibonacci indicator, these are just my favorite ones. I wouldn't bloat all them on a chart though as it will be unreadable on my end, I try to be clean as possible on my charts so I can read it more clearly and understand it better.

I am definitely using trading indicators, to see market status just like what was mentioned by the others. When market status is determined, then trading decisions could be formulated and done accordingly. Indicators are significant tools that really eases trading for me, and somehow lessens my impulsive trading and losing moments. So, that’s for my personal experience using such.

There are times when I've turned on/had indicators default loaded and they do look like they be used to find where resistence may be in some cases but I don't think they're very accurate.

You're better off drawing lines of support and resistance and backing up your drawings with indicators if you're just starting out (also don't use futures until you're confident and have done spot or paper for a while).

The indicator does not specifically provide any buy or sell signals; the trader must interpret the signals to determine trade entry and exit points that fit his or her own unique trading style. Several different types of indicators exist, including those that explain trend, momentum, volatility, and volume.

Not all the times there would be news or fundamentals which you could make use on your trading analysis which simply means that you would really be mainly make use of technical indicators.
It wouldnt matter if its effective or not because the market is unpredictable and random which whether you do make use of indicators or not.
Naked trading or does have lots of indicators been used as for my own i do make use of

1. MA
2. RSI
3. MACD
4. Common support and resistance line

Depending or varying on what time frame you are tending to snip out some positions since
not all would be the same on what type of trader you are.

MACD has been a cornerstone for crypto and has been used the most by any sector. I mean it is of course used in other assets as well, stock world, forex and even gold at certain times (gold is a bit more slower so not really needed). However, crypto has used it a lot more and I believe that there must be some reason for that.

Moving average matters a lot because since we do not have any instinct value, that means we are just investing based on what we think it worths. It is basically what we "believe bitcoin should worth" when we buy and sell. So, that is why there is probably a bigger reliance towards MACD since that is a bit more related to crypto in that sort of way.

^ These are very common but in addition to this, the average directional index (ADX) and Standard deviation also help traders to improve their trading skills. However, even how many indicators are don't used all of them at once, it makes you confused about this which lead you becomes losing your money.
Focus on one indicator that you think is good and has the potential to make money, use different time frames until your signal will accurately becomes an outcome.

I stopped trading but when I was, I don't use any of those indicators until I've learned that there's a significant improvement if you really are going to follow an indicator for which others have been using.

The winning rate for your trades will certainly increase and the usual strategy that I see is the MA and RSI just as the others. It all lies on what strategy you're too familiar and comfortable as you win.

Indicators are very vital for tradings, you can’t analyze without indicators and you can’t trade without analyzing so I think this is a must in order for you to become more profitable in trading.

I use MA, RSI, VOLUME, PRICE as my indicators, they are effective so far and I’m planning to use more combinations of indicators depends on my target timeline, having these kind of strategy can lessen your worries about your trades.

I use candle sticks for my indicators.  For Bitcoin, we seem to be in a trading range from 38K -44K.  With the war in europe, I think we may go lower. If we break 38K, we may be in store for some pain (IMHO).

To cluster your table with plenty indicators can confuse you in trading. Like the example of putting so much tools in your bag and you can't get hold of it when you need it. Moving average and RSI are good but you have to differentiate the two because they look alike. Price action is also to direct on the price level.

Always remember that indicators didn't give a signal when to execute trading which is the buy and sell, it only gives predictions in the market movement, how to follow the candlestick movement or how the recent price action was being moved.  Still, you're predicting the market which is what we know it's unpredictable so either what indicators that you've used it's useless if you don't know how to analyze the market.

That's right, they are very crucial to use and most of them can't use at the same, they should be used at once.

Just the 3 default is okay for me, the Moving average, volume and the Macd. You can switch between others but the 3 is just okay for  me to do simple trades with an external information like when they(pairs) had an upcoming events or listing, it makes scalping very easy with setting out plenty of indicators done by experts.
I have also noticed that some people go extra mile to do subscription without even understanding the indicators. In fact, they don't know that some this thing lag and before they give you any hint on the market, it will be late before you are supposed to open long or short and also when to close short or long.

Honestly I had once packed my chart with so many indicators on my trading system thus really confusing and conflicting in making a trading decision, however I later deleted them, presently I study candlestick patterns coupled with EMA, KDJ and VOL indicators respectively on Binance chart this is a bit easy to monitor, EMA and KDJ is for trend direction of price, while I deployed VOL to determine how strong is the bulls or bears in the market, thus I need only to make my trading strategy SIMPLE and easy to understand by avoiding indicators conflicts.

Indicators are your best guide in trading, it gives you a path to take either to buy or to way for another confirmation before buying, this is very important and every trader should know how to use indicators.

1. MA
2. RSI
3. MACD
4. FIBONACCI

There are the common indicators I’ve been using every time I trade, not all the time since it will still depend on the trend of the coin/token you are analyzing and it will still depend if its necessary to use those indicators. Trading are more fun when you use indicators, it gives you a crystal picture of opportunities ahead.

Trading indicators work well if you are in some trend, they don’t work well when there is chop which is what we are experiencing right now.

We peaked in Nov and it keeps dipping and dipping. So right now i would say trend is down. However we had a failed low on the daily and had good momentum on the invasion news. So right now it’s tricky what will happen.

Needs to break the daily pivot to the upside and then we can look for longs.

Yes, but I do not use many indicators as I am not a pro trader.
I used RSI, MACD, and Bollinger but I do not set it too often and just leave it as default.
Besides that, I do not trade too often at this moment instead just buy low and hold because the market is unpredicted and if I am still trying to trade, I am worried I can not make a profit.
I consider indicators help me analyze where the line will go, but if I feel it is hard to analyze, I prefer to watch because that will be a good way to save money in the next downtrend.

Trading without indicators is like sailing a ship without a compass. That's pure blind sailing and gambling when it comes to trading. Relying on candlestick formations alone may get you a few wins but it won't last. It will eventually wreck the trader. For instance, a Doji on a support or resistance is possibly signifying a reversal but a Doji on no support or resistance region is obviously a fakey, just to shake off traders. Indicators beyond candlesticks is the way to go. I rely on support and resistance lines.

Well I know how to use indicators but I do not often use them because I know none of them to give accurate results. I am better to use a fundamental strategy that is relying on news and other events that usually market react and I know the behavior of the crypto market. There are none of them, that will predict the right price so considering indicators are useless for me --somehow, there are instances that are relatively close to the trading indicators but it technically, it is always unpredictable.

To be fair, I never understand how people use indicators in a market as volatile as Bitcoin market is. I agree these indicators can help you get an idea of which way the market will move but seriously, I have never met a single trader who can predict how the market will move consistently. There are times when you can predict the market based on news and bans/acceptance but otherwise, it doesn't work.

Is there a single trader on this forum who can confidently predict the market movement using indicators? Would be glad and interested to see if there are any such traders.

I agree with your statement. Without indicators and relying only with the candle stick I really think that it is not a trading and it is more of a gambling. I see some users who trade without indicators and only using trending lines and support and resistance, at some point, yes it is effective but it wouldn't last and using indicators will give you more information and accurate analysis. Beside, indicators are free why some people don't want to use it? or probably they don't know how to use it in their trades?

yes I'm using indicators and for me the best indicators are MACD and RSI and they are helpful especially through scalping..
And so far so good but i used to trade only when there's a divergence in RSI and when i see a good volume and sort of sign in MACD.. they're very easy to use and to understand to be honest compared to other indicators.

To be honest indicators won't work all the time and even with different indicators we will get different predictions so its just for the prediction and expect it to market move in that way, most of the traders who trade more often has to rely on something which can be indicators and signals. Literally I tried and worked as well but since I am long term trader I don't give importance to them a lot.

RSI is one of the core indicators that most of the traders you. Along with that I also prefer to use MACD for more insights.
EMA and trend lines are the basic indicators which helps us understand more about the price action.
So these are the indicators which I generally use for trading.

Trading indicators are a helping tool to make a good market analysis, TA in general.

https://www.investopedia.com/articles/active-trading/101314/top-technical-indicators-options-trading.asp

But I only use the RSI(Relative Strength Index) indicator which seems to be the best option for me. Simply checking on the price trend of a certain coin will help up to decide when to buy and when to sell. I use this strategy for quite a long time and I was really comfortable using this. Well, to try others is not wrong, that actually it helps more but I'd choose to focus on one.

I have started my trading life with the fresh chart ,I always try to read every candle and try to predict the next candle to enter on the market .I have seen many of my friends to do trading with indicators i think they feel comfortable with that but i am not .Its make me error to predict the market .I don't even use RSI .However its my tricks to read every candle you might follow if you wanna to do it .I think it will be more easy to read the fresh chart and Japanese candlestick says a lot about market movement .That's why i follow this trick and i can make profit on this way but not to suggest you ,If you feel indicators helps you to get profit .Its actually depend on you on which tricks you will make to follow .

I hope you don't use only candlestick? Candlestick is good for longtime but at the short time you have to follow on what the market is doing. But you need to support candlestick with other indicators like RSI. Japanese candlestick may be taking over by volatility, so at such point when a candle close for continuing direction, it can change for the opposite direction because of volatility.

I used them in past and yes it helps but nowadays it's too unpredictable and the indicators don't help as much. I am especially more active in the altcoins market due to the high potential of growth, and that market is more based on fundamental analysis than technical.

It would be good if we had some experienced traders here who could teach us how to use indicators and which ones are good. I have to visit youtube and google search for basic trading knowledge sometimes which sucks. There are many courses but I don't know which one is solid and trusted. I won't mind paying $100 a month to learn some advance trading from an experienced trader who has done it all.

Trading indicator for me is like using a hammer instead of stone when you are building a house like you can make nail works using stone and hammer at the same time but it seems efficient and convenient to use a hammer, right?

There are a lot of trading indicators and the most I hate are those lot of trading indicators that will make your chart messy, I am just using some basic trading indicators because there are some indicators that are based on those basic indicators.

Yes, I use indicators for trading because with indicators, at least I can find an entry point to start trading. Whichever indicator you use, make sure you know how to use it to get more opportunities to trade, although it also depends on how well the market and the coins are moving.

Using the RSI can determine when we will enter the market and place a buy or sell order. But maybe if you add MACD and MA, you will be able to find other information that might be more specific. It all depends on the ability of each trader because we have different skills, and maybe we also use different indicators.

These indicators mentioned take some time to be understood. They are not just indicators that we can fly into and understand within few days of trading. MACD itself is a little difficult to be used., it takes time because of its make up and not everyone like to use it. I prefer RSI and MA to make my trading a little lighter for easy analysis.

It's okay to use stone for small activities but when it comes to building a house, it's not efficient. Those that don't use indicators are not real traders but they can be investors because investing is more easier, you can buy and sell without needing the use of complex tools like what you're doing with when you do trading.

Different kinds of indicators won't be there or won't be invented for no reason. They are not built to make traders more confused but they can be used by professional traders that are already bored by the basic indicators. They are just upping their game, they want more challenge so they use harder indicators. No need to copy them but you can stick on what makes you comfortable.

In doing technical analysis I use the moving average indicator combined with the stochastic. but I also draw using trend lines to analyze buy or sell areas. So far I think these indicators help in determining when to enter the market or when to leave the market. because all that is presented by the indicator is a valid signal, then we must understand the weakness, so that we can do a cutloss when the indicator does not work

Doesnt matter on what technical indicators you would be using because this is actually very situational because there are indicators which are relevant to use on a specific condition
where its up to you whether you do make use of it or would totally be using the other.As a trader then you should really be that versatile towards your actions and possible move or analysis
that you would made.Come to think that not all the times this market does have some news or sentiments which it would be standard for a trader on making use of technicals
to set out their positions whether on a bearish or bullish market.

Trading indicators are extremely complicated only if you don't get the right item. Trading indicators are mainly use to analyze the chart. Experts use them to Know when a particular coins is going to pump and dump. I simply prefer using signals to trade, because it's not stressful and does not take time compare to when you will be the one doing and drawing lines across chart, Making it complicated. Indicators are highly recommended for easy and correct chart.

YES, of course, because I believe that the use of these things can help me to improve my TA and also become the basis to what action we need to do next.

RSI, MACD...these two are the indicators that I usually use. I'd also look for the others but based on my experience having a number of indicators could affect my decision making and I've noticed that it was not effective compared to using only 1-2 indicators. Sticking to the indicator that we see helps a lot is a great idea. We don't need them all, honestly.

If we trade without using trading indicators like gambling and the risk of making a mistake is quite large, because trading indicators make it easier
for us to predict where the market will move, so it greatly influences the decisions we will take when trading. So I think all successful traders can
use trading indicators well, therefore I also always use trading indicators every time I trade. What you said about trading indicators is true, we don't
need to use a lot of trading indicators, it will only make us confused in making decisions, and it must be admitted that based on my experience it is
not effective to use too many trading indicators. Just choose what we think is effective to use, like you only choose RSI and MACD to be used to
predict price movements in the market. Because RSI and MACD are basic indicators that many traders use to help determine when to buy and sell coins.
I also always rely on RSI and MACD every time I trade, even so I also occasionally use other trading indicators depending on the market situation.

Stones have been used for centuries to build houses, maybe they knew something? In the end indicators could be beneficial if you use them, but they would hurt you if you simply rely on them. Just realize that indicators are there to "help" not give you instructions. There are so many people who react like indicators are guaranteed things and whatever you do, you need to just focus on making a profit from it at the same time.

I get that not many people are fine with using multiple different sources to make sure their decision is okay, but if you only look at indicators and nothing else then you are going to miss out on a lot of chances and also will end up making wrong decisions.

I'm using RSI for divergence and Fibonacci re-tracement to easily spot future support and resistance. These two are my favorites, so easy to use and understand. But you also have to know first of course how to read TA, and the basics to be able to understand what's those two for. I've been using EMA as well when I was just a newbie in trading, but it's too confusing for to use more than 2 indicators so I stick to two only.

Oh really? I thought all indicators are the same that delivers the same purpose but it's only just a matter of favoritism or preference if what you think it is good and easy for you but every pro traders must be using an indicator because it can help them win their trades while non pro traders are not using any of those because they don't know how those things works and to them they can still trade by simply looking the flow of the price in the charts.

Being versatile is a good trait to adopt because we can switch with the other if the other does not work well. It allows us to minimize the risk and it can allow you to make a consistent income whatever the conditions of the market.

These are the common indicators that you can use in trading, very simple and effective but it became useless if you didn’t know how to use it properly so I agree that you should learn first how to read TA and don’t just depend on any hype. Indicators are your best friend here in the market, they can tell you the whole scenario and by this you can have your decision making, always analyze for your own good.

You cant able to say it was effective unless you do make profits out of those indicators that you've been using but the most common would really be that support and resistance line on which it would
be mainly used or i could say it would be enough and the rest would really be depending on someones preference to add up like RSI or MACD or according to your own knowledge since
not all would really be that good on applying out indicators on specific conditions but actually learning them isnt really that hard because as a trader  then you should know on how these
indicators should be used since it would really be beneficial for long term.

I wouldn't bulge all them on an outline however as it will be indistinguishable on my end, I attempt to be perfect as conceivable on my diagrams so I can peruse it all the more obviously and comprehend it better. Markers are critical instruments that truly facilitates exchanging for me, and some way or another diminishes my hasty exchanging and losing minutes. Along these lines, that is for my own experience utilizing such.

Trading without using indicators is difficult for me, especially naked trading. but with the help of trend lines and combining them with indicators, it is as if we have a handle for determining trades. although not all indicators show greatness, but often indicators provide direction for our trading goals and profits can be achieved. but basically determining support and resistance also helps to determine the market's defense area, among all of them we can look for what is comfortable for us to do

Yes always the indicators like MA, RSI, MACD might not help as at times the market will move up and down based on news on crypto market or on any particular coin we have invested on. Yes, besides the indicators, even one can assume / predict correctly on what is going to happen based on their experience. So the indicators, news around and the experience will equally add up and bring out right prediction.

I'm using these indicators from this video: https://www.youtube.com/watch?v=eHtJ4I4S4Vc

I'm pretty satisfied with the result so far and will keep using these method if the event suits my best, although it's pretty normal to lose because it's just a normal stuff in trading, you win some and you also lose some of your investment. I would try more indicators as the time goes on, but it will take time and could interfere your trading session ima be honest.

Every trader keeps an eye on the market from their comfort zone. The indicator gives an idea about the movement of the market if the indicator can be used in the right way. An experienced trader must use different indicators to implement his strategy because there is no benefit in using his strategy without indicators.
So indicators are very important for a trader if he takes trades after doing market analysis.

 The different indicators also work to provide some sort of confirmation process as well. With a few different indicators, you could check from many angles and if all of them show the same thing then you could make a move based on that. It would be smart to double-check it from the charts and see if all of them shows the same thing. That doesn't mean that it has to be solely based on indicators, we all make silly trades on silly coins and tokens from time to time, just to check and see what happens, but that's a bit rare. So finding multiple indicators, and seeing if they all say the same thing is very important.

The one who analyze the coins by himself would be better rather than complying on some indicator that sometimes give you a wrong signal and all of the planning of a trader got destroyed and in vain, so I would prefer mostly that everyone should go about the coins in which they are trading and got some information about them after which they have much knowledge to analyze these coins as well.

All indicators are good, depending on the user himself and the level of mastery he has. Like the preferences of each of which have various types and choices. But however in any trading situation we just need the right method of applying the indicator. But the fact is that such an implementation in the field will be a difficult thing and even we are often in a hurry because we don't want to miss the trend. The biggest mistake of this kind is to make it an assumption that indicators are not effective.

I usually trade when holiday or week end, I'm not too focused on learning trading such as trading indicators, analysis, graphics and so on, a few years ago I ever tried various techniques but the results did not guarantee the profit, it is better to choose a new listed To skyrocket in the short term then install the selling price of at least 50%.

Nothing is actually guaranteed when you are trading. So if you think technical or fundamental analysis should give you guaranteed profits then you are wrong.
These analysis just gives the probability of the price to move in that direction and nobody can accurately predict how much a coin can go in one direction.
Basically, nobody can predict the top or bottom of a trend. Investing in a new coin is definitely a risky thing to do.
We can't say if it will hold it's value or people might dump it or it might turn out to be a scam coin instead.
So trade only with well established coins.

We couldn't avoid big losses especially if we're relying on indicators orany technical analysis because as for me, they can't guarantee you a sure profit. It would be an advantage if you'll know how to deal with every market situation and could decide based on your own analysis. It will take time to learn everything about trading but it will all be worth it.

I would say that if you are trading with indicators, that is a good weapon to have, but you still know how to use it, plus you still need to know what happens when it doesn't work.

I always say that trading without indicators is risky, trading with ONLY indicators is even riskier. Main reason is that because you have indicators, they are showing you what crypto should be doing, and usually it doesn't do what it should be doing and that is why people lose money on it.

When you are trading without indicators you could make mistakes and you know why you are making mistakes, but when you are trading with indicators and lose money, that is always a bit harder to understand why. A right combination of all technical strategies and risk management along with fundamental analysis only will lead a trader to make sustaining profits.

If they are using it, obviously they should know how to use it. Most traders use the the RSI is simply because its the most used and widely explained that any newbie have learned to use it for identifying overbought and oversold. But they also need different indicators supporting RSI which is why its best to have other indicators along wit RSI.

One that I use is the Volume Osc. There are more to use but it may depend on the personality of the trader. Some draw lines to see high/lows and breakouts. Its not what others are doing because they only follow patterns and fundamental news in crypto.

 

Trade indicators are an important factor in trading. These indicators are very helpful in decision-making and market analysis on various trading-related issues. I'm most certainly use indicators to see market status very much like what was referenced by the others. At the point when the market is still up at that point, exchanging choices could be formed and done likewise. My favorite trading indicators are Fibonacci Bollinger Bands and Support Resistant & Candlestick Patterns. When it comes to investing in different types of cryptocurrencies, I mainly analyze these trading indicators along with some fundamental news.

Basically i don't use any indicator for trading. I just follow the team and their update on my targeted coin. I also follow the project purpose and chain and their mission vision. Besides these i follow present situation of around us about crypto market and history of that coin. So i think when i summarize all these questions, they help me on trading.

Currently there are too many trading indicators and it makes me confused because 1 indicator is sometimes different from other indicators, the best thing I do is use charts to analyze the next price movement, although it does not guarantee profit but at least this can make me continue to learn to improve trading technique.

Not all the indicators are real.Some are fake,because the people making use of scam indicators without the knowledge.You can use of many trading chats instead of the using the indicators.Because with my knowledge,most of the indicators are fake and not a potential one.And you can use of candlestick and draw the chart using the candlestick flow.Trading for crypto was based on chart.

I just want to ask this question, are you using indicator for trading? If using it for trading, is it helping you. I just want to go beyond what we are reading online and see what people will have on this.

If you are using indicators for trading, which ones have you used that make a good trades for you?
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Indicators are tools meant for TA in order to help you have a clearer view on the market and support your analysis to properly identify market direction even though you're a professional trader I guess they sometime use it because no one is 100% accurate when it comes to trading.
 The indicators I found more favourable to Use is the 200 MA , 50 MA and the RSI in order not to complicate issues I don't keep them on my chart I use them when it the right time

There's no such fake indicators if you do just know on what are their uses and how to use them.You would definitely say about being fake is into those analysis given or being shared by someone
but you cant actually tell if its really a shit one or not basing off on market movement. Of course trading indicators are useful and does have their own function thats why a trader should
really be that versatile on making use of  these tools for them to make out some good analysis on the market even though it wont be that precise but its better rather than have nothing at all.

Obviously they can't all be the same and they shouldn't put the others if all of them are still going to be the same. There are different kinds but who says you are going to use them all? if your a beginner you can start on the easiest one, I think it was in default or idk but maybe it can also depend on the platform that you are using. You use chart but a chart is not a tool.

Charts are already there to see the price movements but it can still help you predict if where will the price will go. That is better than not using the charts at all. I know someone that buys and sells randomly though. Trading does not guarantee a profit so don't worry you are not far from the other better traders.

The only indicator I employ in my trading presently is RSI because it's easy for me to understand alongside identifying POI (point of interest) using order blocks (OB) and BOS (break of structure) with successive retrace/reversal... I also use lines at times to clearly see the pattern of the market, meanwhile, I don't like complicating matter for myself, that's the reason I'm presently on a journey to refine my strategies and settle for the best.

Actually in the trading platform I always follow current market situation and trading volume and relative strength index (RSI) . Every trading strategies should follow trip for a successful trading system..
Don't trade with greedy
Don't trade with out of your budget
Don't trade with borrowing.

This is obviously true not to trade with borrowed money. A borrowed money from friends or bank is not good for trading because it will put pressure on you, there is hardly people who have made it in trading by money that they borrowed. Trading is high liquidity risk so it is better done with your personal money not that you are trading with the hope of making repayment of loan, not healthy for trading.

Basicly using indicator will help us to find confirmation signal for our trade. Without any confirmation we could trapped in wrong position for example fake breaout or fake reversal. Some people didnt using any indicator , but still profits because they were familier with market habbit and could identify in which level price will bounce or pullback. Personally i am still use indicator to help identy trend continuation or reversal.

Trading indicators are very helpful indeed, but if we use many indicators in one layer it may confuse us,
that is my experience, because I used Tradingview, and tried to use 6 indicators, but unfortunately it didn't help,
and now I only use RSI and only the Trend line, yes indeed a trader has his own way

It helps but not necessarily we have to use them all, yes, some didn't work effectively, we'd better check the chart instead and do TA. And I believe these are more useful than those indicators. In fact, I'd spend more time analyzing the market trend.
RSI and MCAD are usually I'd used and which I found working.

But, in trading, this really matters in our decision-making and strategies. Even though we all are using the same indicator but the results are quite different, of course, not. 

I am not using my indicator for trading. I just look for News like Hardfork,Upgrade,Marketplace, Game launch and other news of project and buy I'm rumours. This work very good for me and given me profit many times. Sometime I faced loss but profit ratio is high. For Indicator need time and I have not so much time to read and observe. My friends used indicators and they said they are making daily profit.

We shouldn't trade if we don't see the chart because this is important thing to do decision upon trading since if you are just listening on what people tells your or doing some wild guess upon buying then provably you will go on situation which the coin you buy is at the peak and this is not good state if we talk about trading. In trading it always matter on the person who do trades because we have different inputs on every situation of the market.

The use of indicators is optional, in fact, many successful traders don't use it, they are using their own strategies. News, social media, and Hardfork contributed changes to the market trend which is also can be made as a basis of what action we need to do next. Yes, sometimes we just rely on those things and see the importance of these things in making an analysis and honestly, they are more effective than these trading indicators.

indeed every trader has a different strategy to be able to profit in their trading, whether it's using indicators or reading news, from social media or from any source, the most important thing is that they can understand how to make good trades and can make profits, over time Of course, over time, you will definitely be able to analyze market prices and be patient or sometimes get caught in the trade, I'm sure if you can keep trying and don't give up easily, we will definitely be successful.

The ones that are usually here are the training ones that are very easy to use and effective for those who are trading from here but if you are not using them properly then you need to know whether it is useless or not.  How does it not just depend on the formulas of a hype? The top indicators of your hype in the market have to choose which one is the best.

Traders will indeed find a way to succeed and make a profit despite the volatility of the market. They use everything that is available in the market, in fact, the use of indicators is not the only thing available and could give assurance for them.
News, price charts, indicators...so many options to choose from but, of course, will choose the one that could help us most. RSI, MACD, and a lot of trading indicators, however, not all of them are effective.

But what I see that we needed most is to improve our TA, skill, and decision-making.

the incorporation of indicators is indeed according to our taste. most importantly we can understand the treatment of indicators so that we can determine actions. like RSI and Fibonacci, both of which will show divergence signals for example, and in our fibo we see that the price is in the 50%-60% area, then this is the right area to buy, and after buying we determine the target to take profit Of course, there will be cardiac exercises when we monitor the market, but we must focus on our own analysis

indicators were used to find best trading system that suitable with our trading type or our character. many will used and trial error will occur when we back test this trading system, everything will not running softly . there will alot changes that need to do to find best system. or even after testing indicators finally our style only using trend line or chart pattern . beside trading system we also have to arrange our trading plan , so trading direction will clearly describe and we know our goal.

Being average trader, I always tried to gain more knowledge about it but things are tricky for me. Lolz. Usually I’m reading the indicators from the small book that my broker gave. It’s very simple to do it that way as I can’t really read it on screen easily. However, in the process I have lost pretty decent amount after being careless about it. So I’m trading but I still feel like I need lot of knowledge regarding the same. So piece of advice is, learn them deeply, you are expert only if you can read them on screen just by looking at it!!

To be honest, I learned very well from my own experience that indicators are far from always reliable and guarantee results. I advise you to be prepared for this.

It was never been reliable yet even how well you do make out some analysis out from your technical or fundamental ones but still it wont really be that enough for it to give 100% precision in terms of

outcome or results but somewhat this is much more better rather than having no analysis at all or simply make out some trading positions basing with hunch and intuition which is something that

could not really be that sustainable for long term.You should know or apply indicators or tools along the way even though its not precise but at least you do already have the idea on what
you are doing.

Indicators are obviously useful, they don't give you trade ideas directly but indirectly they help you in identifying which trade is valid and which is invalid by creating something we call confluence, having 2-3 indicators by your side ensures that you get enough confirmation before you enter into any trade. Deciding which indicators to keep that obviously is pretty subjective, RSI is the most popular one for sure, a lot of people like that because it helps in identifying trends as well as the momentum of the market. Along with that EMA/MA helps you in identifying accurate demand and supply zones to help you identify potential pivot points.

It is really just going into a war without have any weapons and its really just the same when you do trade without making use of any indicators on which you cant use something which would really be helpful on your trading which its a suicide i would say where you do make out positions or decisions on pure luck because you are just simply doing gambling if you do have this kind of behavior and its true that it wont
really matter on what kind of strategy you would make use as long you could make proper analysis then thats what matter.

I would suggest checking online would be a lot better. Sure checking a small book if you think is a great trading resource is still fine, but online world has a million of them and you would learn a lot more when you check youtube, courses, and other stuff even here. Do not believe everything you see though, make sure that wherever you are trading, is a place that actually does give you a good return and honest work, that way you would be learning from the very best and you will be doing a lot better. I believe that it takes a while before people become good traders but it is not an impossible thing and everyone could do it eventually.

Indicators are complicated for newbies to start with, trading indicators are the most important tool for trading and they reduced Losses in trading to it's minimal points. Perhaps, indicators are important although very difficult to study, inother to be an expert in trading, you need to know TA which is technical analysis and mostly used as signals for newbies. Traders who looks for strong signals, used indicators as their main means of opening trading positions. Indicators ate reliable because they help you to know when a coin will pump and dump. With trading indicators, traders tend to have a higher chance of gaining profits.

Well, don't assume it. Test it. While I can say you're right that indis are far better being used than not being used at all, I will also say that not all indis are of great use when used alone. Make sure you have a combo of two or three indis for maximum result. No single indi can guarantee anyone a consistent profit. One can get profit from such adventure by chance but it won't last. The end result is often loss and hurt for those traders who do that.

I try to use indicators as rarely as possible. I just understand that in such a case, I can simply allow a loss through no fault of my own.

I use it but maybe I don't really know more about how to use the correct Trading Indicator but I have my own predictions of a good moment to buy Bitcoin, like the market is down,

I always use trading indicators, but after I analyze the market in a fundamental way taking into account what is currently happening in the world, and as I see the volume reading in the long term, in the medium term and in the short term, this leads me to take a decision and then I support it with the technical analysis, for me I do the technical analysis after making the commercial decision, only with the indicators it helps me to have more accuracy to put my stop loss, and the take profit, based on this it is of great indicators help, but if and only if I do the fundamental analysis of the market first.

indicators are my reference for determining trading signals. I personally still use the EMA indicator up to the 200 level. on the other hand I combine it with the trend line to validate the signal so I get a support area to buy. maybe everyone will use different indicators, but as long as we can use them well, the chances of profit will be large, as long as we can control our emotions, so we can carry out the analysis well

To be honest, I try not to. In my opinion, this ultimately leads to the fact that the trader becomes less independent.

Generally Indicators are used to predict where the price of trading assets move. The Trading indicator refers to a mathematical tool that can help traders predict the price movement of the trading assets  more accurately. In crypto currency trading platform I prefer some trading indicators such as Moving Average Convergence / Divergence (MACD), MYC Trading Indicator, Bollinger Bands, Moving Averages (MA). I always try to research by using some the indicators  especially Bollinger Bands is my favorite trading indicators.

and More risky , because it is their benefit as second member and not us as a capitalist trader ,  so maybe lets not fall in to indicator and instead we need to learn on our own and maybe w will be taking risk but at  no one to blame as we are the independent trader.
then you denied using it now? then yes you should not do it and use your own strategy to trade.

The truth is that there are many traders out there making some good profits without using indicators, and that is because they watch the most important indicator of all, which is the price, however I really think that using a few indicators is a good idea, because as their name implies and indicator is able to bring forward a particular aspect of the market that could be difficult to see by just watching the price alone, and this can increase our effectiveness and our profits as well.

Those traders not using indicators are very experienced, they may only be relying on price action. But even the seasoned traders who provides technical analysis for his followers are using indicators. When they publish these TA, we gather to comment and that's when you know on their replies they also use other indicators not present on their published charts.

I don't really believe those who are not using indicators, they will have to confirm trends using indicators before they will execute their trades.

To be honest, I try to use as little as possible. And then, as a result, it becomes quite difficult to make a decision on your own. :'(

The market is very bad here but the traders are here to be successful and they are looking for ways to make a profit here but they are using everything in the market to find a way to make a profit here.  And there they have confidence but that too I think it's important, but there are a lot of options to choose from, but of course there's one that will help you the most, but there's always a lot to choose from for treading.

I used to use them a lot, now I just use indicators to see where the market "should" go, and not trade only looking at them. Of course that is a good thing but it is not enough. I have seen a good explanation for this, the north star will show you where the north is, but it will not show you the obstacles along the way, you may go left and right time to time before you continue go towards north, and indicators only show you north, and not show you those obstacles.

If you consider that during trading and make sure that you are looking at the right direction but take the path with least resistance, then you will be profiting a lot more.

Market is unpredictable and there's no way that you could really able to predict on what's ahead because it is really that on random when it comes to that kind of behavior on which this had been the typical thing that's why using up indicators or any tools is something that relevant or it's a must because making out decisions on random manner or guess is just really some pure gambling which we know that it isn't something sustainable for longer runs.

I have been using trading indicators for long now and I see it as a good technical to get more understanding about the market. Just like using trendlines and other indicators like moving averages, rsi and other trend indicator is a good step to filter market noice. Indicator can help in the case of uncertainty and market ranging. I see indicators as tools that can help determine market direction whether upward or downward apart from using other analysis.

Honestly, I try to do it as little as possible. Although, I do not completely exclude it from my work strategy.

It is the fact that the majority of the traders are using these trading tools for they/we know that it was effective and was noticed to increase our chance to make a profit. But then, it doesn't mean that we can just be so easy about it, we also have to choose the one that we think will work on our end as many trading tools exist, but not all of them are effective.

I use only 2-3 trading tools, I can certainly find the difference in the time that I'm not using any of them...that seems too far.

Little as possible? If you are pro then you could do almost naked trading but when you are just starting up or simply being noob then better make use of different indicators yet it would really be that relevant
nor that helpful towards your trading and if you do find it to be that helpful then why would need to lessen up as much as you can or little as possible? It is something that mind boggling kind of condition.  :D
Indicators are indeed helpful if you do know on how to read on them because not all would really be knowledgeable when it comes to technical analysis or even with fundamentals.

I am new to indicators and stuff because I never believed something can predict the market as unstable and explosive as cryptocurrencies. But after reading multiple threads, articles and listening to some guys on YouTube finally I am trying to understand how exactly these work and how we can benefit from using some of them.

I hope I can at least understand just basics like which way the market will move and then I can use my own understanding and predict how much it should move. Right now the biggest challenge I am facing when trading cryptos is that the market always moves in the opposite direction I feel and predict. It's almost like gambling sometimes and I want to ensure that it can be analysed somewhat at least. I know analysing the market accurately is impossible even for the biggest traders unless they just manipulate the market using institutional funds.

I have used RSI, Bollinga band and Moving Average but i came to discover i interpret moving averages and RSI better. Although sometimes this indicators move faster or slower than the trend which will require setting back this indicators to suit the market formation. But in all indicators are helpful it either support a trend or show a possible reversal which might not occur immediately. I see indicators as a key part of market analytical tool

When i was still new on crypto then i do already have that forex trading knowledge which do means that im much aware about technical indicators and on the time i do make out some trading involvement then i could

say that technicals arent really that precise compared on forex market but now it seems that it do really follows sometime here on crypto space which i do presume that its getting better i must say
where TA's do bit off at least which is really totally different into those early years.

Its suicide if you dont make use of any indicators once you do make out some trading.

Not saying you should always use indicators but if you haven't tried them yet, I strongly suggest you use them if you are trading for the short term such as buying and selling the same asset within days or weeks. If you are into long term trading then just the fundamental analysis and scalability of the project should suffice.

Indicators aren't always bad as depicted by some traders. Indicators just help you understand how the market is behaving now and then it's up to the trader if they can use it to their advantage or make matters worst for themselves. I prefer indicators over those fake telegram signals.

Indicators in general are more effective and efficient in stocks market because the volatility is low and the price movement is very limited.

That was supposed to be, they are used to make market analysis.
These trading tools that you have mentioned are very common to traders, they are effective and a useful tool that helps greatly to understand the market situation and make decisions.

I do trading without any of these tools before but the truth is that it was really hard to make predictions and analyses without basis, we can't just put trading in a guessing situation indeed, it needed such tools it enhances our gaining chance.

We have this suitable trading here but if we keep looking here what we can notice is the eyes here but many will be used on whether we were used and it will cost a penny when we test this trading system.We can learn a lot about that but if we want to know a lot about the market here then we have to be active here and keep an eye on everything then we can learn a lot from here and learn a lot

That random and unexpected stuff (like luna crashing for example) is the main reason why crypto is so profitable to be fair. Because, regular stocks and other stuff will not be that much unexpected and we all know what is going to happen with them and even though the market crashes, that impacts crypto as well so it is not that much of a difference.

However, because bitcoin is so volatile and there are unexpected stuff, we never know when we should invest, and the moment when it does nothing unexpected and just goes up, everyone profits from it. This is why not many invest, and only few make that profit when the timing is perfectly set. You should always be ready for that up, because it will come one day or another.

I read about it many times and understood that in general it can be interesting and even profitable. But to be honest, I did not dare to use it yet. In addition, much depends on the quality of the signals.

It is certainly a fact that trading without indicators is a complete waste of time in the market. It’s kind of like driving a car without side mirrors, you can imagine that right? How do you navigate through such a car, it’s probably the most stressful and nearly impossible thing you can do.

The market is almost always 90% of the time very unpredictable, and it gets very difficult to make any relevant trading decision that would yield money. Hence, trading indicators are very relevant if a trade must stand any chance of being successful.

I only do scalp trading so I don't usually use many indicators such as RSI, FIB, BB, etc. Moving Average or MA is enough for me to trade at 15 minutes timeframe. My buying and selling indicators are the 3 MA's that I use.

I think it depends what kind of trader you are, some people that trade in higher timeframes use many indicators to backup their predictions about the market. Learning many indicators is a must especially if you plan to trade full time with high amounts.

To be honest, I try to minimize the use of indicators in the course of my work. I think that it is more important that the trader himself is better able to understand the market.

Then how you would understand the market? You cant just see charts without having indicators yet you said that you are trying to minimize on making use of it?
Its impossible for someone to understand without having these technicals unless if you are really that good enough then you could able to read up the market
condition via naked trading but  we do all know that it would really be that relevant on making use of these tools for you to clear out on what are
the things that do happen.

I always look at trading indicators to do something when I trade on exchanges especially for futures trading and so far it is still very helpful to be able to get a fairly high benefit even though there are losses, but using Trading Indicator really helps me to make decisions when I trade with basic indicators such as EMA, RSI, MACD also really helps me to be able to provide trend trading signals and provide warnings about reversals even though there are some premium indicators that are quite accurate and I also use these indicators to see market predictions.

But, how you can you be able to understand the market more effectively if without the help of indicators? What you are going to do, predict the market 100 percent? I know that traders are also predicting but it was not totally but they are using some tools like indicators to help predict more accurately.

If you are only investing then I think you won't be using indicators at all time or it's fine to not use them at all but investors have a different way of predicting the market. They are using fundamental analysis the most (not technical). It's where you based your predictions on news, speculations and similar events. This is why many people prefer it as its more easier.

In general, I heard that these indicators really help many. I can’t say yet that this option is convenient for me to work with. Although, sometimes I still use this option.

Indicators help short and mid-term traders, without them, I am not sure they can't make any profit! But to be able to follow all the indicators on daily basis requires time, something I don't have! So I am more focused on big cycles and long-term trades, and it's not so hard to roll with it if you have patience!

People should be free to try everything they can! I tried many things and I had many losses before I found what works for me! We are so different, with different thinking and possibilities/opportunities, so each of us should try things around and find what works best for us! I found myself, and the road to this wasn't easy!

There's no other ways or things that you could really make use of which is really that relevant on dealing into this market.You cant really just sit and do nothing
and you would indeed needing these indicators for you to have at least the knowledge or idea on how you would really be placing yourself into the market
whether you would really be buying or selling because having no these indicators would really be putting you in hesitation because you dont really know on what
to do at least.It might not be that precise but its not really that bad at all on having these things at least.

Well, I don't know whether to take it as an indicator or not, but I think that the volume may be the indicator that gives us the most information. I have a friend who likes to go into small excahnges because he says that he sees or is able to determine when a whale begins to make his movenmtno bullish in an altcoin, so at that moment he enters buying and what he does is wait, and most of the time he wins, he says that the whales as they are with so much money, do not enter at once with everything, but they they come in with some money in a big way and this is reflected in the volume, and when he sees those unusual moves the volume comes in.

I've used trading indicators and in my opinion help many things, and what makes me happy is to be able to prevent greater or more filled losses when profit targets have been achieved, but the thing that makes us have to control manually is to often make decisions that are sometimes different from what we are analysis.

There are things which are other traders do able to see and others which cannot where i could really attest to that and same as your own experience and able to observe on which there are people whom do only base or just by looking with the volume which is usually in low caps or even on those coins which prices are already on the floor for long time and with some additional indicators or tools been used which would justify their analysis then this is the time that they would make out some significant move.On asking out if its really helpful to make use of trading indicators then its definitely yes, because you cant just rely on news and
fundamentals alone which cant really be there from time to time therefore you would really be going into other aspects which would really be that relevant for you to make use.

instead of using colourful indicators we can use just simple but very powerful indicators which shows the correct data. most of you know most of them such as
          RSI,
         OBV
          MA
          EMA
No need indicators to be a successful trader . have you ever seen A best trader uses indicators in his chart?? i have'nt. Those simple indicators helps us to see what we dont see in chart but the details we must know for a trade. beyond there everything is depending of fundamentals so indicators aren't essential as i think.

The use of trading indicators is very important to know where the market price is going. The indicators provided will make it easier to read the chart. Many types of indicators are available such as

• Moving Average (MA)
• Relative Strength Index (RSI)
• Moving Average Convergence Divergence (MACD)
• Stochastic Oscillator (OS)
• Bollinger Bands (BB)

and many more.
All can be combined to get a valid prediction result.
some indicators are also provided premium and must be subscribed..

because of using indicator to study cryptocurrency is to know they measure or the acceleration through the candlestick the moment of the candlesticks so someone that is using indicator understand it more better than somebody that and I don't know anything about the indicator but he's treading so I prefer someone who knows the who made or who can interpret the candlesticks