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Author Topic: Did bitcoin has trading signals and indictors like forex?  (Read 242 times)
Kelly Cai
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April 26, 2023, 01:28:45 AM
 #21

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.
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April 29, 2023, 01:04:55 PM
 #22

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.

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May 01, 2023, 05:35:56 PM
 #23

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?
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.

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May 01, 2023, 07:32:12 PM
 #24

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.
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May 01, 2023, 08:02:31 PM
 #25

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.

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May 02, 2023, 10:54:28 AM
 #26

I don't think there is any correlation between bitcoin and forex. The two are different things.
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May 02, 2023, 12:37:13 PM
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 #27

Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.

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.

Did bitcoin has trading signals and indictors different from forex

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

or they're all same signals and indictors but different price movement from bitcoin?

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.

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May 02, 2023, 02:08:36 PM
 #28

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