Tools and Indicators

[Blawpaw]

I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?

[palle11]

You already testify that you are doing great with your trade and making profit with your strategy. I hope you are not trying to confuse yourself by asking for another man's techniques because that should be a source of confusion for you if you trying to combine things. Stick with what works for you IMO. It is not bad to ask but becareful if you are trying to adopt another pattern to your trade.

[BitMaxz]

Actually, if you research a bit it will give you lots of suggestions here on the forum.

Most of the indicator they use are EMA, MACD, and RSI these indicators actually gives you enough insight to make a trading decision.

But tradingview has many different indicators under the public library you can just use the default one since they don't have much difference to the default one.
Or you can learn from their blogs on how to use their indicators here https://www.tradingview.com/education/indicator/

If you want to learn deep about trading I suggest you read the TA and FA from this link https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

Also would like to suggest you try 1-minute scalping this is awesome on short trading also the video will guide you the right ways how to use it with Williams fractal indicator.

[teosanru]

I use a few tools with help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?

On-chain analytics is another thing that a lot of people actually try to keep under the radar while trading, the hypothesis works this way, when the total reserves of bitcoin on the exchanges is higher it means that bitcoin is going to dump hard or alts are going to be pumped hard, while if total reserves of stable coins on exchanges is higher there are chances of a bitcoin bullish move or once again alts bull run, also when miners addresses are selling it's generally an indication of the upcoming bearish run because miners are generally the first ones to sell in case of bear runs.

[electronicash]

I use a few tools with help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?

On-chain analytics is another thing that a lot of people actually try to keep under the radar while trading, the hypothesis works this way, when the total reserves of bitcoin on the exchanges is higher it means that bitcoin is going to dump hard or alts are going to be pumped hard, while if total reserves of stable coins on exchanges is higher there are chances of a bitcoin bullish move or once again alts bull run, also when miners addresses are selling it's generally an indication of the upcoming bearish run because miners are generally the first ones to sell in case of bear runs.

how accurate are the data provided by the onchain analysis app provider?  some are just watching those whale alerts.

one indicator that most of us use is the RSI, its reliable to determine that if its goes up it can go down at some point. the rest of the indicators are there to support what RSI is doing.

[Blawpaw]

There's a lot of techniques you can use in order to have a good trade but the most technique that I use is divergences and bigger time frame preferably 4 hours and above with RSI this kind of technique is not 100% accurate but the accuracy is good for me rather than other techniques that I used before.

You can use MACD, Stochastic RSI, Fibonacci retracement and candle stick patterns those are some good indicators too.

Yeah, I also use MACD and Stoch along with candlestick patterns, however, when it comes to Fibs, I still don't know how to use it properly. I would like to learn more about fibs and Elliot wave.  Can you recommend a good Fibonacci for crypto tutorial?

[Zilon]

My indicators are just moving average and CCI I always ensure my chat remains as simple as possible avoiding any indicator that brings about any ambiguous technique or that would want to confuse the little I know. This very technique has delivered 60% of my trading times except when I choose to trade my emotions. But once I'm trading the obvious my indicators serve it's purpose

[milewilda]

I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?

Indicators ive been using.

1. EMA
2. MACD
3. Support and resistance
4. Fibonnaci
5. RSI

These are my common indicators that ive been using but when it comes to techniques or how things been done then its up on someones
own decision making because not all would really be having the same decisions when it comes into their trades.

[samcrypto]

I use a few tools to help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?

Basic indicators works for me and I rarely trade as well depends on the market condition, is short I do long trades.

EMA, MACD, Fibonnaci are the three common indicators that I’m using, and also I focus more on the price chart and the trade volume as well because this is also important. Its ok to ask for some suggestions but still its better if you can create your own strategy that fits to your own timeline.

[Johnyz]

Tools will always depend on the exchange you are using since every platform have their own feature so better know that as well.

Trading is a risky job that requires a lot of time analyzing the market, and the indicators will help you on this. MA, MACD, RSI, FIBONACCI works for me too, this is the common yet powerful indicators that will lead you to a more profitable trades. Reading the current news are also important, so don’t skip this part.

[GreatArkansas]

Yep, BTC-D is important, guess what, BTC-D is the first pair on my list of pairs on Tradingview .
Speaking of tools and indicators. I am not a fan of complex charts or your chart is dirty because of a lot of indicators. So using such basics will do, like 1 indicator for volume/ 1 indicator for momentum, or 1 indicator for moving average.  Because I believe that some of the indicators are made of those basic indicators.

[breathlessz]

there are so many indicators available, and we can combine them to get signals, but I think we only need 2 indicators to consider the market, because the more indicators, they will give different signals, so we will be confused to follow the signals from these indicators

[Coin_trader]

I use a few tools with help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?

On-chain analytics is another thing that a lot of people actually try to keep under the radar while trading, the hypothesis works this way, when the total reserves of bitcoin on the exchanges is higher it means that bitcoin is going to dump hard or alts are going to be pumped hard, while if total reserves of stable coins on exchanges is higher there are chances of a bitcoin bullish move or once again alts bull run, also when miners addresses are selling it's generally an indication of the upcoming bearish run because miners are generally the first ones to sell in case of bear runs.

how accurate are the data provided by the onchain analysis app provider?  some are just watching those whale alerts.

one indicator that most of us use is the RSI, its reliable to determine that if its goes up it can go down at some point. the rest of the indicators are there to support what RSI is doing.

Most of the time, They used different big mining pool wallet to track the reserves of Bitcoin that still didn't move then compared it to the supply of stable coin reserved. Its easy to determine if its reserved since its balance is not changing for quite some time. On chain analytics is more accurate than simple Bitcoin Dominance indicators that people usually using to determine the move of BTC.

[Mpamaegbu]

Basically, I use leading indicators of support and resistance which boils down to static lines in combination of SMA and BB. My leading indicators are Pivot Points, Trendlines and Support & Resistance (that doesn't repaint). There isn't much need to make one's charts fanciful if one wants to be profitable. Just keep it simple. Too many indicators confused the eyes.

there are so many indicators available, and we can combine them to get signals, but I think we only need 2 indicators to consider the market, because the more indicators, they will give different signals, so we will be confused to follow the signals from these indicators

Yep, we know there are numerous indicators but the question in the OP is which of these indicators do you use?

[kamadazje]

This is a simple one but very effective for me. I use a Fibonacci to find the support and resistance and it works really well, you can use it on uptrend or down trend market but not on consolidation market. I also use simple trend lines along with Fibonacci a simple tools and indicators but very effective if you use it right.

[carrigan]

Perhaps choosing the right strategy for the market could be one solution. Do a market analysis and make the strategy you need according to the results of the analysis. Second, learn to be as strong as possible to control your emotions because maybe you will beat the time. The market is difficult to predict so you have to be really careful, don't be careless and plunge you into losses. You also need to learn about some market indicators so as not to get confused and indecisive when dealing with the crypto market.

[teosanru]

I use a few tools with help me with my trading. I normally keep BTC-D under the scope, while using Tradingview for the charts. I would like to hear what kind of tools and indicators you guys use to trade cryptos.

And how about trading technics. Is anyone kind enough to share?

On-chain analytics is another thing that a lot of people actually try to keep under the radar while trading, the hypothesis works this way, when the total reserves of bitcoin on the exchanges is higher it means that bitcoin is going to dump hard or alts are going to be pumped hard, while if total reserves of stable coins on exchanges is higher there are chances of a bitcoin bullish move or once again alts bull run, also when miners addresses are selling it's generally an indication of the upcoming bearish run because miners are generally the first ones to sell in case of bear runs.

how accurate are the data provided by the onchain analysis app provider?  some are just watching those whale alerts.

one indicator that most of us use is the RSI, its reliable to determine that if its goes up it can go down at some point. the rest of the indicators are there to support what RSI is doing.

No one can obviously vouch regarding accuracy of the data, but Cryptoquants I think are the most popular platform which provide this data and they themselves give alerts too, I think their data is somewhat accurate, RSI & all the other indicators are just the derivative of price and volumes, these two things can easily be seen in the chart itself and when everyone is doing these things you need something different, tracking of movements of funds of whales & FII has always been a very important component of Technical Analysis, even the stock market traders do it a lot.

[el kaka22]

how about trading technics. Is anyone kind enough to share?

Combination of moving average of longer timeframe is mostly effective for crypto trading but it is suitable only for mid to long-term trading and if you are looking for scalping kind of day trading then this this strategy will not be applicable. Finding support and resistance levels by pivot point analysis is another thing that I am always following along with any other strategy.

Technical analysis are for making sure to catch dips of bitcoin market hence I'm following very limited strategy to ensure my buying price levels and for exiting, I will decide based on my personal needs. This how I am simply making enough profits out of long-term trading at the same time I will not disturb my decade-long planned holding of bitcoins for any kind of strategy.

In my opinion, every bitcoiner must plan for 70% of their capital for long term holding and only the reaming for short to mid term active trading.

[Victorycoin]

Tradingview chart most of the time help for trading analysis, However, the use of tools depends a lot on the person the use of tools varies from person to person, If you want to trade you need to know the use of both Tools and Indicators, otherwise full trading cannot be done, If you are proficient in one side you are more likely to lose if you do not know the other.

[zaesvlas]

This is completely normal. Many traders use a variety of tools, and rightly so, if it helps to get a positive result.