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Author Topic: we should monitor wich one ? (indicator)  (Read 180 times)
Kelvinid
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May 18, 2021, 01:12:08 PM
 #21

Depends on strategy that you are using, I'm just too focus on very few indicators because I believe on their effectiveness and they are working with me. I just look on Price trend, Volume, Rsi, Fibonacci, MA and MACD most of the time but if you're dealing on some project that is highly volatile, I don't think indicators will work, I just used my luck every time I buy those so called shitcoins. You must be more flexible because this market offers different options everyday.
with the more indicators used, it will increase our consideration for the transaction, and I think that is not very good. therefore we use simple indicators that suit our system and most importantly we must be aware that the indicators are not all correct, so we remain careful.
But I don't think it is necessary for us to take a look at all of them. RSI, volume, and market trend (candlestick reading) could be enough to have some insights into a possible trend to come. What really matters in trading is to know how to use these tools and most important is to control our emotions.

Ain't no wrong having them all as you think that it could help and enhance your chances and to understand that it was your ideal choice, and I have my own also. And as I was good enough with the results of my trading without having these all trading tools, I don't think that I need to look at them.

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May 18, 2021, 01:33:20 PM
 #22

Depends on strategy that you are using, I'm just too focus on very few indicators because I believe on their effectiveness and they are working with me. I just look on Price trend, Volume, Rsi, Fibonacci, MA and MACD most of the time but if you're dealing on some project that is highly volatile, I don't think indicators will work, I just used my luck every time I buy those so called shitcoins. You must be more flexible because this market offers different options everyday.
You really have to focus only on those indicators that you understand because if you're going to look on every indicators then you might miss the point of using it because of too much analysis. We should have at least 5 indicators on our list and master that indicators to easy spot the trend, reversals and the possible price entry and exit point, there's no easy thing in trading, learning indicators may take time you must sacrifice for that.
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May 19, 2021, 09:13:48 PM
 #23

Hello guys
good day

for cryptocurrency, we should monitor what things to indicator ?

for example we should monitor dominance ? we should monitor BTC Price ? we shoud monitor Total ?

can you explaine it and offer me ?

best wishes

one thing you have to understand is that you can read technical analysis or it is also called TA,
if you can read it then you will be safe in the world of crypto currency trading, learn from mistakes because it is the key,
high volatility if you don't understand TA then you will always lose

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Lanatsa
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May 19, 2021, 11:47:56 PM
 #24

Hello guys
good day

for cryptocurrency, we should monitor what things to indicator ?

for example we should monitor dominance ? we should monitor BTC Price ? we shoud monitor Total ?

can you explaine it and offer me ?

best wishes

one thing you have to understand is that you can read technical analysis or it is also called TA,
if you can read it then you will be safe in the world of crypto currency trading, learn from mistakes because it is the key,
high volatility if you don't understand TA then you will always lose
There's no such thing about being safe even if you do know on how to read TA's but doesn't mean that it will give out guarantee that you would make profit even if you are aware with these things
but somehow having knowledge would always give out the edge.

Indicator?
-Support and Resistance
-Moving Averages

These are my common indicators that I do make use and should be enough.

R


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