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.
When it comes to Technicals then it would be varying on someones knowledge because not all would really be
that knowledgeable on using each one of those so it does depend but for me i do have this indicators.
•RSI
•MACD
•Moving averages
•Common trend lines
•(Support and resistance)
•Fibonnaci
There are lots but im not really a fan on having a messy chart.
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.