Trading Bitcoin, financial indicators.

[JohnnyPierce]

A few weeks ago I started trading bitcoin on BTC-E and I've managed to go from $40 to some $200 with some 10 trades a week. (buy low, sell high), But unfortunetely, on one of my last trades, I got carried away and I ended up buying at a market high point which pretty much killed all my previous profits, now I'm back at my starting point with exactly $56.

I understand that the most important aspect of a good trader is discipline and I believe I've learn that the hard away, however, and knowing that no one can predict where any market is headed, I would like someone to suggest me where I can see some financial indicators that tell me in a easy, accessible way, if a given market is in a situation of support or resistance, and if a market is tending more toward the bullish or bearish side.

Can anyone recommend me a good place to check those financial indicators applied to BTC-E and other exchange plataforms?

Thanks in advance.

[shark255]

Do you familiar with ema 10/21 strategy and this site http://bitcoinwisdom.com/ - it is configurable for most popular indicators.

[JohnnyPierce]

I'm familiar with bitcoinwisdom, but I find it hard to properly interpret the indicators.

I'm however unfamiliar with the ema 10/21 strategy, could you elaborate on it?

[shark255]

This topic will help you - https://bitcointalk.org/index.php?topic=60501.0 .

As for bitcoinwisdom - go to settings -> indciator parameters and set http://clip2net.com/s/6DMApZ - 10 21 - for ema.

http://clip2net.com/s/6DMG3j