What are the main trading indicators used for BTC TA?
What are the main trading indicators used for BTC TA?
Bitcoin technical analysis is different from one analyst to another. For me, I will combine ichimoku kinko hyo trading system, moving average (SMA + HMA + EMA), Parabolic SAR (Stop and Reverse), Bollinger Bands, and candlestick structure (VSA + VPA) to give an idea. determined.
Sometimes I add market sentiment just in case there is a sudden crash or a spike in price action.
You forgot one of the most important indicators, The Fibonacci retracement to help determine the support and resistance level of the Bitcoin market. Just like any other indicators, it may not be perfect as price sometimes breaks out of the support or resistance levels, but it’s a pretty good at helping a trader make calculated buy, sell, take profit and stop loss decisions most of the time.