FanEagle
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March 20, 2020, 03:51:11 PM |
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I personally think that Bollinger band is shit, I have used it many many times before and it never really fully works, whenever bitcoin does something major Bollinger band becomes totally useless. I think the best case right now for indicators are probably going under 200 or not, if that happens that usually means something but that changes very much, weekly averages drop under 200 all the time but you have to wait for the next week to see it and then it becomes nothing by that point.
Just go with the flow, check the supports and resistance and check the walls and how much there is and that is about all you can hope for, nothing else. Indicators are one part of the discussion, the global hype for when going down or up is the other and looking at indicators you can only see 50% of the situation.
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target
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March 20, 2020, 05:45:32 PM |
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I personally think that Bollinger band is shit, I have used it many many times before and it never really fully works, whenever bitcoin does something major Bollinger band becomes totally useless. I think the best case right now for indicators are probably going under 200 or not, if that happens that usually means something but that changes very much, weekly averages drop under 200 all the time but you have to wait for the next week to see it and then it becomes nothing by that point.
Just go with the flow, check the supports and resistance and check the walls and how much there is and that is about all you can hope for, nothing else. Indicators are one part of the discussion, the global hype for when going down or up is the other and looking at indicators you can only see 50% of the situation.
What indicator do you use along with Bollinger band? I didn't quite understand Bollinger band too but there are users who seem to be doing well using it. Someone recommend it and the link tutorial on how to use it in the forum can't remember where but I have bookmarked it. If anyone wants to try this out maybe this will help you too https://medium.com/interdax/an-introduction-to-trading-bitcoin-with-bollinger-bands-9e484db9353b
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Ruso21 (OP)
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March 21, 2020, 10:17:57 AM |
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besides of RSI & MACD, I gave a try to Fibonnaci and seems pretty cool with the Fib Retracement.
I'm not an expert and still learning on this, been watching some youtube but can't find how exactly use it (Using I mean draw and read). any idea where I can find a good tutorial?
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Hypnosis00
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March 21, 2020, 10:46:03 AM |
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besides of RSI & MACD, I gave a try to Fibonnaci and seems pretty cool with the Fib Retracement.
I'm not an expert and still learning on this, been watching some youtube but can't find how exactly use it (Using I mean draw and read). any idea where I can find a good tutorial?
Just keep learning, you can find it more if you engage in a physical trading. I also watch videos on youtube but I had to find that some tutorial videos could sometimes mess you up and lead to misunderstanding and suffering losses. But if you work into a real trading scenario, without having the use of these tools you can still be gaining if you are at a perfect timing. Not all these tools will work great if you don't know how it uses, by simply looking into the market volume, you have already an idea what you should do next...and that is using our common sense which is the most important tool in trading.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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jhonjhon
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April 08, 2020, 11:17:19 PM |
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Apart from having this indicators you should know how to use them at the appropriate time, Rsi, MACD, FIBONACCI, BOLLINGER BAND, this are cool indicators to make use of, and another thing you should learn apart from using the indicators, learn the time frame too.
It can be useless at all if you'll never know how to use it. No matter how many tools we have but this will not guarantee that it gives you a profitable trades. Choosing the best and right coin for trade is very important. It maybe I didn't appreciate these tool because I didn't even use this. Because only I have is to track the market trend and have my own market analysis. Believing that this can be enough.
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Ruso21 (OP)
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April 09, 2020, 01:14:37 AM |
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Apart from having this indicators you should know how to use them at the appropriate time, Rsi, MACD, FIBONACCI, BOLLINGER BAND, this are cool indicators to make use of, and another thing you should learn apart from using the indicators, learn the time frame too.
The time frame is my other problem, I was wondering from where to where. Many people start & stop drawing on an unknown time that I couldn't figure out. I know how to read RSI & MACD, but Fibonacci still an obstacle for me. Other signals like S&P 500, Bollinger, etc. are another plus to analyze and get more accurate for the own prediction. And yes, it is very important to chose the coin and time to invest.
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tmttraders
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April 09, 2020, 02:36:13 AM |
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I have also struggled in choosing an indicator to use before but but then focused on ATR, Stochastics, Fibonacci, Bollinger Bands, Keltner Channel and Moving Averages that I incorporated into one indicator producing possible buy and sell signals. I also backtested this strategy since 2016 and using it for the past months which is quite good. If anyone wants to try it here's the link will be glad to help https://www.tradingview.com/script/4x0sD0rb-TMT-Trading-Strategy-v1-3/
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TitanGEL
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April 09, 2020, 02:44:23 AM |
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Simplicity is the key to become profitable trader, it is not about how many indicators that you are using; it is about how you master a certain indicators. I only use two indicator which is the RSI and moving average. I do not use MACD anymore because it is laggard indicator where it giving signals late. RSI is good for me because it can give you a right signal to enter or exit in a trade. You need to master few indicators in order for you to become better trader. Remember that mastery can lead to consistency.
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dunfida
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April 09, 2020, 02:56:58 AM |
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Thinking to learn to understand the chart and I would like to know what indicators to use. at the moment I have MACD / Relative Strength Index / Momentum what other indicators are important to use?
MACD RSI S&R Trendlines These are only the indicators that ive been using since and sometimes i do even only use naked trading just having some onpoint imaginary support and resistance line but all varies with experience because not all would able to do such thing. When it comes to indicators then it will depend on what suits you,as long you do able to make profits then that would be fine.
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Leviathan.007
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April 09, 2020, 09:34:42 AM |
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Thinking to learn to understand the chart and I would like to know what indicators to use. at the moment I have MACD / Relative Strength Index / Momentum what other indicators are important to use?
Depending on your own strategy, you can use any indicator you need. Having a complicated indicator won't change anything but confusing you. If you ask me I would was I'm using ATR to calculate the value in the high time frames and then I'll remove it to clear out my chart. And then using MACD/RSI/CCI to find possible Hidden Divergence. Mostly I use the simple tools such as trend lines, shapes and Fibo. But in the end It's up to you and the strategy you use.
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gabbie2010
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April 09, 2020, 12:34:22 PM |
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Thinking to learn to understand the chart and I would like to know what indicators to use. at the moment I have MACD / Relative Strength Index / Momentum what other indicators are important to use?
I use Moving Average indicators to determine trend direction and value chart to indicate oversold and overbought area of price those are two major indicators that aid my trades I mostly took my trading decisions based on price actions I watch out for exhaustion candles at a major support or resistance while those indicators are majorly used a quide as in I don't really depend on them too much.
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