indicators

[tbct_mt2]

Bollinga band and RSI work for both long term and short term trading, but I am not that sure about long term because I have preferred to use long term prediction for that, which means if the price of bitcoin has decreased to a price very low, I can buy, wait for the price to rise very well and sell. But for short term, I have used these two indicators and both works well with bollinga band bringing effective result. It works for 15 minutes and 1 hour candle sticks very well, but the shorter the time the shorter the best time to leave the market by closing the position opened.

It's Bollinger bands not Bollinga band.

In addition, Bollinger bands can support your trading but if you turn it off and on, you will see price will stop at resistance or support. Resistance can flip to become support and support can flip to become a new resistance. Bollinger bands will give you upper and lower bands around resistances and supports.

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[teosanru]

im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.

This is just the half-truth, Indicators aren't used in this way, the correct way to use indicators is for confluence. You find out important patterns or important levels market is approaching, which could be breakouts or reversals or continuations, then you go to an indicator to get an confirmation whether this pattern is valid and will give some good return or not, then you move to your second indicator whether that is influencing the whole trade positively, only when you have got concrete confirmation on all these parameters, then you can go ahead and take a trade, don't try finding out a trade merely based on one indicator.

[Silberman]

Keep in mind these indicators are not 100% accurate. You will rarely find an indicator to is correct maybe 25% of the time.

The issues with these indicators is that price can keep going lower and lower putting you severely underwater before it starts to reverse. That’s why you need other indicators such as price action or sentiment to make your decisions.

If all you had to do was look at an indicator we all would be billionaires. It’s not that easy.

This is something very common with those kind of indicators, the indicator may tell you the market is overbought or oversold and yet the price keeps going up or down respectively, so in actual practice those indicators tell you only about a distortion happening in the market but they do not tell you when it is the right time to close or open your position, you will need another indicator for that and even then that is not a strategy that can be accurate 100% of the time.

[Johnyz]

im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.

You have to use other indicators to know when it will happen, it may not be accurate but that could be a good signal. Try to use MAs, those are the basic indicators and yet it can really tell you when to buy and sell especially if the line crossed already. Try to analyze every indicators, the more you use them the more you can know the possible trend, don’t just settle for two indicators.

[GeorgeJohn]

Just so you know, technical indicators are not 100% accurate. They may just be used to guide you on how the market might move, but do not trust them fully. Use stop-losses often or manage your risk accordingly.

Basically some fresher in crypto sphere doesn't understand this concept, all they relate with is that cryptocurrency signal or indicator some or majority of them is in positive direction. But not knowing that were you can get accuracy is by using stop loses as you portray and also proper comprehension of movement candle sticks via chart. Ordinarily i can't on my own fully base on indicator as a guiding element to carry on a trust via market.

[Ararbermas]

im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.

Some information of indicators are not accurate mate, because sometimes market is so volatile so don't rely in it. if i were you learn how to read the graph using different time frame for example, 5m 15m up to 4h and so on, because its more accurate tbh and on that way its so easy to get the real trend of the market if its downtrend or uptrend, where in, no need an indicator for confirmation even trend lines only.

[fullhdpixel]

im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.

What coin was that, you are watching? Maybe that is a shitcoin and it have died already because 21 hours have passed and there is no signs of life. I think that was not normal anymore for common crypto. Even most are stable now but they still shows sign of small movement (up or down) after an hour or two.

The most important thing that you need to know is that coins move randomly and just because that was being told to you, it doesn't mean that it will always work that way. Maybe they are only lucky that time to spot the same movements and now they think everything works in a pattern. You admit that you are a newbie. Maybe you need to watch more tutorials and soon you can initiate the same setup on your own.

[KingsDen]

im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.

Some information of indicators are not accurate mate, because sometimes market is so volatile so don't rely in it. if i were you learn how to read the graph using different time frame for example, 5m 15m up to 4h and so on, because its more accurate tbh and on that way its so easy to get the real trend of the market if its downtrend or uptrend, where in, no need an indicator for confirmation even trend lines only.

Yes, nothing is static in the market, everything changes everything. Op is using BB method and doesn't really mean he will see signal within 21hrs. Yes on a normal trading situation, 2 to 3 of the signal would have occurred. But now, the market is bearish and keeps consolidating, so it may take a longer time to see his strategy signal. What is then expected of him is to be patient.
Doesn't try to manipulate your strategy in order to outsmart the market. If your strategy is working for you, wait for it.

[dunfida]

im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.

Some information of indicators are not accurate mate, because sometimes market is so volatile so don't rely in it. if i were you learn how to read the graph using different time frame for example, 5m 15m up to 4h and so on, because its more accurate tbh and on that way its so easy to get the real trend of the market if its downtrend or uptrend, where in, no need an indicator for confirmation even trend lines only.

Yes, nothing is static in the market, everything changes everything. Op is using BB method and doesn't really mean he will see signal within 21hrs. Yes on a normal trading situation, 2 to 3 of the signal would have occurred. But now, the market is bearish and keeps consolidating, so it may take a longer time to see his strategy signal. What is then expected of him is to be patient.
Doesn't try to manipulate your strategy in order to outsmart the market. If your strategy is working for you, wait for it.

It would really be testing out your patience and this had been part of engaging within the market where it do really also mind off about on how well you gonna handle up your emotions which is something that you do mind of.  Even everything had been set up in terms of indicators used and you are anticipating that  signals would pop out in a few minutes or few hours then you do really get the wrong idea.

Just like been said that this market had been moving sideways and triggering those signals cant really be possible in a short time which usually it do pops out whenever it do hit specific levels.
Do those signals precise? No its not but this is something more better rather than having no analysis at all.

[gabbie2010]

im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.

You have to use other indicators to know when it will happen, it may not be accurate but that could be a good signal. Try to use MAs, those are the basic indicators and yet it can really tell you when to buy and sell especially if the line crossed already. Try to analyze every indicators, the more you use them the more you can know the possible trend, don’t just settle for two indicators.

Bollinga Band and RSI indicators cannot be used alone  to determine price reversal though those indicators signal overbought and oversold, however there are scenario when price reaches the extreme end of the band and reversed momentarily before continuation in the previous direction, to avoid losing such type of trade, a trader is expected to be versed in Price Action particularly in candlestick patterns such as pin bars, engulfing bars Bullish or bearish, hammers, dojis etc, majority of these patterns worked with Bollinger Band and RSI in determining a real reversal of the price.

[Captain Corporate]

No indicator could be used in order to say that it is a good entry point or whatever. We have to actually end up seeing something a bit better in order to make moves. These indicators are a great way of starting that out but that is only the start, there is absolutely nothing that would make sense to anyone if you only use these indicators to trade. Bollinger Band, RSI, MA, EMA, none of them matters all by itself, you need to check other stuff before you trade. This means that the best way to trade is checking multiple sources, including indicators, news, the roadmap of a project, the team, the features, the code, and many other things.

[wxa7115]

im new to trading im using RSI and bb for indicators. I was told when the candle stick hits the lower bottom of the boliengor bands, and is under 30RSI it's going to go up, but how do i find one of these before it happens? i've been watching the same coin for 21hours and nothins happen yet.

While there are probably millions of strategies that can be created with all the indicators we have at our disposal, at the same time most of those strategies can be classified in two categories, those with react and send a signal once something has already happened, and those which try to anticipate those events and send a signal before it happens.

It seems you want the latter rather than the former, however you need to take into account that such a strategies have a huge margin of error and that you will lose way more trades this way, something most newbies will have problems to deal with.

[GeorgeJohn]

You can't find it before it happens and that strategy is risky if you want to be a better trader it is either enter the market after a confirmation and if it is not going upwards not before going upwards, don't be greedy having enough profit is enough and you will end up losing if you are trying to enter market before any confirmation as you are going to foretell what is going to happen.

partially you are making a vital point,but in everything you said what i picked up is that do not be greedy, because a lot of bitcoin or traders get lost through trading when they exercise or pay much attention in benefiting everything at a moment in market, which from my understanding and the basics knowledge comprehend and obtain from the trading practice, it's not supposed to summon the courage of benefiting anything from trading, at list you most conscious of time.

[joeperry]

Of course there is no way you can find it only people who can see the future can do it. Also that is one of the mistakes of some new traders, they are trying to take position in advance which is a 50/50 wherein fact the smartest decision is to wait for confirmation that it is going either up or down.

Don’t worry if you take position a little bit late but you are sure instead of trying to catch a early position without being sure what the market is really printing.

[el kaka22]

As someone rightly said, 21 hours is definitely not enough to watch a coin if you’re using the BB indicator and that is simply because currently there’s no visible uptrend or downtrend on the market, it’s just moving downwards. You need to understand that most importantly, the time frame you set actually determines how much longer you have to wait and the idea of it rising back up after hitting the 30% mark is not actually a guarantee as conditions for such could change at any time.

Since you’re new to the system, I must advise that you spend more time understanding the movement of the market and how it affects price. If I must emphasize again, 21 hours is not even enough to watch a coin grow if you mean business, if this persists then you must need to change your strategy.

[okorieemmanuel]

As someone rightly said, 21 hours is definitely not enough to watch a coin if you’re using the BB indicator and that is simply because currently there’s no visible uptrend or downtrend on the market, it’s just moving downwards. You need to understand that most importantly, the time frame you set actually determines how much longer you have to wait and the idea of it rising back up after hitting the 30% mark is not actually a guarantee as conditions for such could change at any time.

Since you’re new to the system, I must advise that you spend more time understanding the movement of the market and how it affects price. If I must emphasize again, 21 hours is not even enough to watch a coin grow if you mean business, if this persists then you must need to change your strategy.

You could use the bollinger bands coupled with market news. It is more accurate than using just that BB. At least your success rate would increase by 50% when both BB and market news points to the same direction. Note: Market news is a function of time.

[Yamifoud]

As someone rightly said, 21 hours is definitely not enough to watch a coin if you’re using the BB indicator and that is simply because currently there’s no visible uptrend or downtrend on the market, it’s just moving downwards. You need to understand that most importantly, the time frame you set actually determines how much longer you have to wait and the idea of it rising back up after hitting the 30% mark is not actually a guarantee as conditions for such could change at any time.

Most of the time we extend our patience. This is very important in trading and this is never meant for impatient individuals. We need to understand the situation, we don't just rely on the indicators as they can be wrong, we do our own analysis as well.

Since you’re new to the system, I must advise that you spend more time understanding the movement of the market and how it affects price. If I must emphasize again, 21 hours is not even enough to watch a coin grow if you mean business, if this persists then you must need to change your strategy.

Absolutely. Op must need to spend more time in the market and observes how it moves. We can't be just too explosive that thinks the market will move high as, during this bear season, we most likely see a downside rather than an uptrend.

[Oshosondy]

Most of the time we extend our patience. This is very important in trading and this is never meant for impatient individuals. We need to understand the situation, we don't just rely on the indicators as they can be wrong, we do our own analysis as well.

In trading, patience is very important, there are times indicators will fail but because you are patient, the market correct itself and you later gained after you were losing before, the market corrected, the losses vanished from the position opened and later the price move towards the direction you predict to make more profit. Some traders are not patient because they use high leverage while the liquidation price is very close, using low leverage is always helping.

[wxa7115]

Most of the time we extend our patience. This is very important in trading and this is never meant for impatient individuals. We need to understand the situation, we don't just rely on the indicators as they can be wrong, we do our own analysis as well.

In trading, patience is very important, there are times indicators will fail but because you are patient, the market correct itself and you later gained after you were losing before, the market corrected, the losses vanished from the position opened and later the price move towards the direction you predict to make more profit. Some traders are not patient because they use high leverage while the liquidation price is very close, using low leverage is always helping.

For some this may seem odd but it is the truth, when people think of trading they think of a trader which is watching a bunch of charts all the time and at the first sign that a trade could go in their desired direction then they take action and open a position.

However the best traders are the ones which can let the trade come to them without forcing it, not only they can get into the market at better prices, if they have patience it is also way more easier to make the transition and become a long term holder once they get tired of staring at a computer screen every single day.

[LUCKMCFLY]

No indicator could be used in order to say that it is a good entry point or whatever. We have to actually end up seeing something a bit better in order to make moves. These indicators are a great way of starting that out but that is only the start, there is absolutely nothing that would make sense to anyone if you only use these indicators to trade. Bollinger Band, RSI, MA, EMA, none of them matters all by itself, you need to check other stuff before you trade. This means that the best way to trade is checking multiple sources, including indicators, news, the roadmap of a project, the team, the features, the code, and many other things.

I think the same as you, there is no indicator that tells efficiently how we can enter or exit, however sometimes on YouTube I came across a trader who used a very strange indicator, indicating which was the entry and which was the exit, but at a very short time, it is what they call scalping, but it seems very risky to me because every 6 or 7 seconds it indicates the entry and after 8 or 10 seconds the exit, you have to be very fast, so that for me is technically impossible and It would take a lot of effort and possibly cause stress, so I don't recommend it.