What are the best indicators for following trend in cryptotrading?
What are the best indicators for following trend in cryptotrading?
I’m developing my strategy for trend trading and I’m trying to figure out what are the best indicators to catch a trend. Currently now I’m using MFI, but I doubt that it is suitable for cryptocurrency trading, so i will appreciate it if you give me a hint. Thank you in advance!
Kevin Sung Answered question September 11, 2024
To me, there is not “best” indicator because we all have different strategies. What could work for me may not work for you because of your strategy. But there as so many indicators that can be used to catch a trend. The most common ones are MACD, RSI, The Bollinger bands etc
I have used all of them in the past but under different scenarios.
Kevin Sung Answered question September 11, 2024