Technical Indicators? Are they useful?

in #steem8 years ago

I've been using Technical Indicators for as long as I've been trading and they have been a hell of a help.  Both in learning when NOT to trade and when its best to be on the lookout for a buy spot.  They are based on the numbers so while they can't tell you if a whale will decide to sell out of nowhere, they will tell you if a market is being oversold, overbought, etc. 


These are a couple that I am using to make my day to day decisions: 


MACD, Bollinger Bands, Moving Average Envelope, Stochastics


Pair those with a good chart and a chart scripting system such as tradingview.com and you got yourself a great way to be alert when trading. ( I have no ties to Tradingview I just personally like their charts )


Are there any indicators or scripts y'all use to search for your next move? 

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I use the Fibonacci Retracement to figure out when to use a higher crypto to buy a lower one. I usually upvote your stuff without reading it BTW, I see you vote for me on behalf of minnowpond and appreciate that! But when it comes to trading tools, I see them like a puzzle: The faster you solve the more money you might make. Recently solved the Rubik's Cube after decades of play....hopefully that's an omen of getting better at these things.

nice information thank you

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