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Best crypto trading indicators to help you make profitable trades, identify trends and know when to buy and sell cryptocurrencies. Enjoy our top 5 best crypto trading indicators!
Trading seems like a fairly simple activity - you buy the dip and then sell high in order to make a profit. Well, you know what, things usually aren’t as effortless as this. When does the dip take place? What does “high” actually mean? How can we define these patterns and areas?
To answer these questions, we rely on trading indicators, that help us navigate this whole field to discover the best possible strategy.
These are tools that we can use to form an idea regarding the structure of the market, and the proportion between demand and supply, but keep in mind, that no analysis of this kind is 100% certain.
Today we’ll look at the most commonly used indicators, what they relate to and how we can integrate them into our trading strategy, so stick with us till the end.
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The main topics of the video are:
▶ Moving average
▶ RSI
▶ MACD
▶ Fibonacci Retracement
▶ Stochastic Oscillator
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? Moving average
There are three types of moving average - simple, exponential, and weighted, but today we’ll focus on one of them, SMA or Simple Moving Average.
This indicator is easy to calculate as it represents the average price of an asset, let’s say, Bitcoin, in a given period of time. SMA 50, for example, is the average price of the previous 50 days.
? RSI
If SMA helps us define support or resistance areas, bullish and bearish trends, the next indicator on our list, RSI, shows us when an asset is undervalued or overevaluated in relation to what its correct price ought to be.
RSI is an indicator introduced in trading over 40 years ago that ranges between 0 and 100. Generally, if the RSI goes above 70, it kind of means that the asset is overevaluated and a pullback might follow.
At the same time, if it drops below 30, it shows that the asset is undervalued so this might actually be the time to buy.
? MACD
Fasten your seatbelts lads, because we’re now entering a more complex area of indicators. And our first stop is the Moving Average Convergence / Divergence or MACD.
The MACD indicator uses two exponential moving averages but, unlike SMA which takes all prices included in a timeframe into account, it focuses on the most recent ones. This helps us define the bullish and bearish trends more accurately and take notice when we’re outside them.
? Fibonacci Retracement
Another indicator we want to shine a light on is the Fibonacci retracement. It has its origins in mathematics but In trading, Fibonacci retracement is a method of technical analysis to determine support and resistance levels.
? Stochastic Oscillator
The last indicator we’re taking a look at is the stochastic oscillator as it compares a certain closing price of an asset with the its price over a timeframe.
Just like RSI, as it is defined between a strict range of values, 0 and 100 that is, the goal is to signal areas in which an asset is considered to be over or undervalued.
When the indicator passes the value of 80, we consider that the asset is now overvalued and a retracement could follow. When it drops below 20, the asset is undervalued.
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- CHAPTERS -
0:00 Intro
0:54 Moving average
1:55 RSI
2:58 MACD
3:42 Fibonacci Retracement
4:25 Stochastic Oscillator
5:03 Conclusions
5:19 Outro
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? Watch Our Top Videos:⬇⬇⬇
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? What is DeFi?
↪↪ https://youtu.be/RxMd_TeZbTk
? Crypto Wallets - How safe are they?
↪↪ https://youtu.be/8hf4FJgI2W8
? FANTOM - Haunting the DeFi world-
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? How to use Binance / Tutorial for Beginners
↪↪ https://youtu.be/3llgJNfnO80
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#Trading #Indicators #CryptoIndicators #Trading #Cryptomatics #MACD #EMA #RSI
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