What are the best indicators to use for intermediate crypto trading?

2 answers

• Dec 16, 2021 · 3 years ago
  When it comes to intermediate crypto trading, it's important to consider a combination of indicators rather than relying on a single one. Some traders also find the Ichimoku Cloud indicator helpful, as it provides a comprehensive view of support, resistance, and trend direction. Don't forget to consider the volume indicator as well, as it can confirm or contradict price movements. Remember, no indicator is foolproof, and it's crucial to conduct thorough research and practice risk management alongside indicator analysis.
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• Dec 16, 2021 · 3 years ago
  As an intermediate crypto trader, I highly recommend using the Fibonacci retracement tool. It's a popular indicator among traders and can help identify potential support and resistance levels based on the Fibonacci sequence. Additionally, the Volume Weighted Average Price (VWAP) indicator is useful for analyzing the average price at which an asset is traded throughout the day, providing insights into market sentiment. Another indicator worth considering is the Moving Average Ribbon, which consists of multiple moving averages of different timeframes. It can help identify trends and potential entry or exit points. Remember, no indicator is infallible, and it's essential to combine technical analysis with fundamental analysis and market research for a well-rounded trading strategy.
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