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Which indicators should I use for live trading in the cryptocurrency market?

avatarFarzinDec 26, 2021 · 3 years ago1 answers

As a beginner in the cryptocurrency market, I want to know which indicators are the most useful for live trading. Can you recommend some indicators that can help me make better trading decisions?

Which indicators should I use for live trading in the cryptocurrency market?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    As an expert in the cryptocurrency market, I would recommend using indicators such as the Ichimoku Cloud, Fibonacci retracement levels, and the Average True Range (ATR) for live trading. The Ichimoku Cloud is a comprehensive indicator that provides insights into support/resistance levels, trend direction, and momentum. Fibonacci retracement levels can help identify potential price reversals and support/resistance levels based on mathematical ratios. The ATR indicator can provide insights into volatility and help set appropriate stop-loss levels. Remember to always consider multiple indicators and conduct thorough analysis before making trading decisions. Disclaimer: The information provided here is for educational purposes only and should not be considered as financial advice. Always do your own research and consult with a professional financial advisor before making any investment decisions.