what do u think about the usability of technical indicators in the cryptocurrency market?
It helps during very short term trading. If you are going to buy something and than sell it right back again in couple hours at most than technical indicators are the way to go but if you are planning on investing even longer than 24 hours than it becomes worthless because crypto world is not depended on the indicators there are always something that happens out of the norm.
Sometimes a whale buys a lot of stuff, sometimes some exchanges delist some coins, sometimes there is "hacking" going on with an exchange, sometimes mtgox trustee sells coins at once and all that news. If something like that happens than all of your indicators are wrong and they will not help you, sometimes that news or the thing happened will help you sometimes it will hurt you but in the long run it is crazy and you should not depend on it.
If you want to use indicators you must trade quickly or it might not be really good for you in the end.
