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October 19, 2017, 03:44:37 PM |
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I am not a master trader by any means, but here are my thoughts: all data for auction-style markets like cryptos can be boiled down to three things: price, volume, and time (i.e, the price at which a trade occurs, the size of the trade, and the time at which it occurred). Everything else is a derivative of those three--indicators are nothing more than a way to visualize those sets of data. As such, there is no best or worst indicator. They all show the same data from different perspectives. If you want to be a good trader, then you have to figure out which indicators do the best job of helping you understand the market. Personally, I like support and resistance, moving averages, and the MACD.
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