Which indicators you use?

[mk4]

Buy The Rumor Sell The News refers to a trading strategy whereby a trader buys coins based on speculation about an upcoming news or data announcement, and sells coins after the news is published. This can give traders an opportunity to buy securities before everyone wants to buy them, and to make a profit selling them when demand and prices increase.
This is a part of fundamental analysis that can be used in cases like when there are rumors of a centralized exchange collapsing and some good news about bitcoin adoption.

Disadvantages of this strategy include the lack of accuracy and the potential for missed opportunities if decisions are not made quickly enough.

No one can time the market with absolute certainty, buy rumors, and sell news trading strategies are no different. There are a number of reasons why this strategy failed to generate profits for traders.

I mostly agree, but this isn't the strategy I'm referring to at all. There's a huge difference between making trades based on news articles, and following protocols very closely — hence knowing when a significant upgrade/update is about to happen.

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[michellee]

Usually, I use RSI, MACD, and BB. But sometimes, I buy when the price is low during a correction and leave it like that without any desire to sell quickly. Currently, when the price of bitcoin is unstable and can change direction, it often makes me wrong in analyzing the movement of bitcoin, so I try to buy at a low price and hold it for a while until the price increases. But since my focus is on accumulating bitcoins, I don't trade too much and just buy and hold bitcoins.

[o48o]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

This changes with the chart i am trying to analyze. If the coin or token doesn't have any correlation in the past with the indicator i tried, i'll change it to something i find it reacting with. My go to for finding big moves is going trough some MA crosses. This doesn't mean i would use too much time for a chart that i don't find interesting enough. Not every chart is tradeable for me. I am not good enough for that.

[gabbie2010]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

I use Pivot point indicator which automatically draws a line on my mt4 chart with RSI indicator to determine overbought and oversold areas, however I always take a trading decision based on Price Action around the Pivot points because candlestick patterns behavior at those zone is also an indicator, an exhaustion candle with a bullish or bearish wicks are factors I considered for a possible price reversal at the either side mostly using a higher timeframe from 4 hour time frame and above, though I haven't perfected my trading strategy yet because this comes with huge period of charting time.

[jaberwock]

Buy The Rumor Sell The News refers to a trading strategy whereby a trader buys coins based on speculation about an upcoming news or data announcement, and sells coins after the news is published. This can give traders an opportunity to buy securities before everyone wants to buy them, and to make a profit selling them when demand and prices increase.
This is a part of fundamental analysis that can be used in cases like when there are rumors of a centralized exchange collapsing and some good news about bitcoin adoption.

Disadvantages of this strategy include the lack of accuracy and the potential for missed opportunities if decisions are not made quickly enough.

No one can time the market with absolute certainty, buy rumors, and sell news trading strategies are no different. There are a number of reasons why this strategy failed to generate profits for traders.

Non-verified news can also be called as a rumour. It would be better to verify things first before we act because we don't know what if what they are spreading is only just a FUD? I mean if they say this new coin will pump and then they encourage us to buy it, will you also buy it? But we can also do our own research to have a better understanding.

Selling can be optional as long as what you are hodling is a top coin because they can always recover even if there is a negative news and then everyone expects that it will have a negative impact on the coins that we hold. I still think that fundamental analysis is more accurate than technical analysis because they are mostly based on real-time events not unlike to TA that we are only predicting based on the movements of the price.

[awik p]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

I don't use many indicators, because that just makes me confused, because often each indicator will have a different signal at one time. therefore I only use EMA and assisted with support and resistance. that way I can draw our work area and can determine targets and areas to cut losses if my analysis is wrong. I do this because I do scalping, so if the candle breaks the EMA line, I have to take action. while the ema that I use is 20, 50, 100. I take advantage of the space at each EMA to make a profit, and profit or loss situations are what I usually experience, the main thing is that in sum I still get profit at the end of the month

[Mpamaegbu]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

To be sincere with you, trading traverses indicators. It has to do more with Money Management (MM) and control of emotion. If you've the best indicators but lack the aforementioned two you will still mess up your account. BTW, all the indicators you mentioned lag behind price. They're called lagging indis. They don't go ahead of price and anything that behaves that way shouldn't be completely relied on. For me, I rely on Support & Resistance, Pivots and Trendlines. They're leading indicators. They go before price and wait for price to hit them and react.

[xSkylarx]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

To be sincere with you, trading traverses indicators. It has to do more with Money Management (MM) and control of emotion. If you've the best indicators but lack the aforementioned two you will still mess up your account. BTW, all the indicators you mentioned lag behind price. They're called lagging indis. They don't go ahead of price and anything that behaves that way shouldn't be completely relied on. For me, I rely on Support & Resistance, Pivots and Trendlines. They're leading indicators. They go before price and wait for price to hit them and react.

I got your point that don't rely on those indicators as it is lagging meaning they are heavily reliant on those indicators and which they choose on where they trade and at that point. This lagging indicator is really famous as this is the most used of the newbies like they are giving signals on where they need to put their trade. Support and resistance are really proven and almost all of us traders are using it and MA but again this is just tools to see how the market go, it is still our decision on where we will be putting our trade.

[JooBra]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

To be sincere with you, trading traverses indicators. It has to do more with Money Management (MM) and control of emotion. If you've the best indicators but lack the aforementioned two you will still mess up your account. BTW, all the indicators you mentioned lag behind price. They're called lagging indis. They don't go ahead of price and anything that behaves that way shouldn't be completely relied on. For me, I rely on Support & Resistance, Pivots and Trendlines. They're leading indicators. They go before price and wait for price to hit them and react.

I got your point that don't rely on those indicators as it is lagging meaning they are heavily reliant on those indicators and which they choose on where they trade and at that point. This lagging indicator is really famous as this is the most used of the newbies like they are giving signals on where they need to put their trade. Support and resistance are really proven and almost all of us traders are using it and MA but again this is just tools to see how the market go, it is still our decision on where we will be putting our trade.

This couple of days I tried with only support resistance and EMA been doing pretty good, but having in back on my mind that the price is in uptrend so it's more likely that they will go up then down.

[Wind_FURY]

OP, study the HODL Waves, https://www.lookintobitcoin.com/charts/hodl-waves/

Plus read this blog explaing everything, https://unchained.com/blog/hodl-waves-1/

I believe we should be encouraging "Buy the DIP and HODL", especially now that Bitcoin/altcoins is in the middle of a bear market. It's pointless to trade if plebs like us can't out-trade those people smarter than us, more hard-working than us, more capitalized than us, and with their army of trading bots.

[Zilon]

I use RSI and SMA 50. These indicators are only confirmation to my support and resistance zones. I don't make my trading decision based on Indicators i first wait for my major candle to form in a major support or resistance zone then watch if my indicators are pointing towards the same direction. Sometimes these indicators delays to respond and some other time it forms even before the candle closes either in 4H candle or 1D candle chart. In those cases I do top-down analysis using more than one time frame to base my decision.

[GreatArkansas]

EMA combination of RSI is already a good indicator for me, simple is beautiful and you can then focus to analyze the candlesticks' patterns after that.
With EMA will help you the price action and RSI is the momentum indicator, these indicators will just help your decision, so always verify and check before entering a trade, and the best is also to try to look at different timeframes, not just only.

[el kaka22]

When there is a bull market, it is normal and expected for it to be doing well enough with any indicator possible. I am not saying that it is easy but it's at least easier than a bear market. When the prices of everything is going up, you would make profit one way or another.

The problem would be making more bitcoins, because if that is your aim then even on the bull markets you could trade your bitcoins to something else that may not go up as much as bitcoin and you would end up in a "loss", while your dollar value increases, you would miss out on a chance to make more bitcoins. That's what I aim at, try to have as much bitcoins as I can at the end of any trade I do.

[AbuBhakar]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

Bollinger bands is the best when you know already the general trend because you can easily spot the perfect opportunity to buy and sell by just looking on the upper and lower BB. But the combination of EMA and determining the pattern is still the best indicator whenever there’s an indecision in the market. Those indicators is what I’m using in different scenario of my trade.

Some use many complex indicators but I would say that sticking on the basic will give you a high chance of making a right call on your trade. Technical analysis on trading is a self fulfilling prophecy. Using a complex pattern that the majority of trader didn’t know is useless because no one will follow it. Just stick the most common indicators.

[Ararbermas]

I usually used MACD, RSI and volume because for me they're accurate than other indicators.. And I'm not just basing on that indicators, where in i used to check the flow of the market as well at the same time and other data that can help me to make prediction, just to assure everything is perfect afterwards.

[EarnOnVictor]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

It's good to know that you use the above indicators, but you did not let us know how productive they have been for your trading so far. Well, I see those indicators as the basis that should rather be used in addition to some more qualified trading tools/systems. If I would advise further, while not trying one or two of the indicators with price action, trendline and Fibonacci strategy? You might be surprised about the outcome provided you used them rightly.

[palle11]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

It's good to know that you use the above indicators, but you did not let us know how productive they have been for your trading so far. Well, I see those indicators as the basis that should rather be used in addition to some more qualified trading tools/systems. If I would advise further, while not trying one or two of the indicators with price action, trendline and Fibonacci strategy? You might be surprised about the outcome provided you used them rightly.

@ EarnOnVictor these indicators that you mentioned all work in same way. In fact they are looking like indicators that I can say are biased because they are drawn with human factor and emotions. They are not like original defunct indicators on the platform. Fibonacci and trebdlines for example are based by your personal believe that form your opinion of where exactly  they will start operating.

[EarnOnVictor]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

It's good to know that you use the above indicators, but you did not let us know how productive they have been for your trading so far. Well, I see those indicators as the basis that should rather be used in addition to some more qualified trading tools/systems. If I would advise further, while not trying one or two of the indicators with price action, trendline and Fibonacci strategy? You might be surprised about the outcome provided you used them rightly.

@ EarnOnVictor these indicators that you mentioned all work in same way. In fact they are looking like indicators that I can say are biased because they are drawn with human factor and emotions. They are not like original defunct indicators on the platform. Fibonacci and trebdlines for example are based by your personal believe that form your opinion of where exactly  they will start operating.

Your argument is totally baseless, it even shows that you don't know anything about trendlines and Fibonacci tools. These are powerful support and resistance strategies, and you are here calling them the same as the mere indicators. Well, I know all the inbuilt indicators you can think of and countless of custom indicators that people even buy with 4-digits, yet none of them can be compared with the results that trendline/Fibonacci used with price action would achieve.

You will only be disturbed by much noise with those indicators, but with them (trendline/Fibonacci), your trading must have been well filtered if you know how to use them on the chart, and with the right timeframe.

[CapGelatik]

I have been trading for a while now and have hit/miss success with it so I'm interested in which indicators you use the most? For me, right now I use EMA 50, Alligator and MACD/RSI(depends), and I try to make my decisions based on them and on my experience.

EMA or MA and RSI are good choices for trading, because I also trade using these indicators and it's true, I get up to 70% win with these indicators,
some time ago I also tried using Ichimoku Cloud and SMA too but it's really really confused me,
and of course what some traders say is also true, that is, don't use a lot of trading indicators in your trading.

[Mpamaegbu]

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but having in back on my mind that the price is in uptrend so it's more likely that they will go up then down.

If you're sure an instrument you're trading is in uptrend, you just have to resist the temptation of taking shorts on it no matter how certain you think it will dump. Only look out for long positions. Don't swim against the tide, like they say. Trading against the trend is analogous to swimming against the tide. Anyone who attempts that will always fail at it. The market is of course the teacher. It has never lost against any trader.