Which indicator do you look out for?

[Rruchi man]

There are so many market indicators, and different traders have different things they pay attention to to determine the trend the market will take. Traders look out for these indicators before they place trades. As a trader, what has been your favorite indicator to look out for? and can you give a reason?

As advice, which indicator will you recommend to a new trader?

[MrSpasybo]

There are so many market indicators, and different traders have different things they pay attention to to determine the trend the market will take. Traders look out for these indicators before they place trades. As a trader, what has been your favorite indicator to look out for? and can you give a reason?

As advice, which indicator will you recommend to a new trader?

Each indicator has its own way of looking at the market, and their suggestions only speak to a certain aspect of the market. Using only one indicator may not be really appropriate if the trader wants to better understand the state of the market and the potential that may occur in the future. However, that does not prevent traders from making a profit when using only one indicator proficiently, as long as they do not forget to place stop-loss orders appropriately.

If I had to choose one single indicator, I would recommend Sonic-R and use it on the weekly timeframe. I myself often observe price action as it approaches Weekly EMA34. For many tokens, when the price chart crosses above Weekly EMA34, we can be optimistic that they have broken out of the bottom. Of course, this method of use is quite simple and has many potential errors. Traders should learn more to take advantage of the benefits of Sonic-R, while also understanding that this indicator is not always right or a magical way to make a profit. Success in trading depends largely on the trader.

[Crwth]

Most of the indicators that I have in mind are probably these

• EMA
• BB

Exponential moving averages and Bollinger Bands. I think they are versatile and need to be correlated with other indicators as well. Maybe you can start with EMA and then try to continuously practice with it.

[Charles-Tim]

MA, EMA, BB and RSI.

Another one that is good is Fibonacci retracement especially if the market is falling significantly.

Sometimes you do not need an indicator. Example is when bitcoin got to $60000 last which has been known to be a very strong resistance. Some good traders can buy at that price. Bitcoin later increased to almost $67000.

Some trades are just patient and wait enough for a massive fall and buy and hold at the time.

[gunhell16]

There are so many market indicators, and different traders have different things they pay attention to to determine the trend the market will take. Traders look out for these indicators before they place trades. As a trader, what has been your favorite indicator to look out for? and can you give a reason?

As advice, which indicator will you recommend to a new trader?

We can see many indicators that can be used in trading as traders. But not all of them need to be used when trading; that is not the strategy that should be followed. We only choose indicators 1 or 2 to 3 to use. Because the more indicators you use, you will only have difficulty, and it will give you a complicated situation in the end.

Most of the time, I only use one or two indicators, and that's because I'm comfortable using them and there's no hassle. Because when there is a lot of it, it can actually cause confusion. And the indicators I use are Trendline, RSI, and Fibonacci.

[jeraldskie11]

There are so many market indicators, and different traders have different things they pay attention to to determine the trend the market will take. Traders look out for these indicators before they place trades. As a trader, what has been your favorite indicator to look out for? and can you give a reason?

As advice, which indicator will you recommend to a new trader?

I used Volume and RSI indicators in my trades because for me these two are the best indicators. Before, I used many indicators and I just discover that most of the indicators have the same used so that I removed the others and used only what I think is best, that's why I decided to use this two. Volume indicator is quite advance, so I prefer to used RSI for a new trader. Of course, you must learned how to read naked charts and knows how to trade without indicators because if you add indicators in your analysis it will make it easier for you to understand the chart.

[Rruchi man]

If I had to choose one single indicator, I would recommend Sonic-R and use it on the weekly timeframe.

I used Volume and RSI indicators in my trades because for me these two are the best indicators.

And the indicators I use are Trendline, RSI, and Fibonacci.

MA, EMA, BB and RSI.

Another one that is good is Fibonacci retracement especially if the market is falling significantly.

Most of the indicators that I have in mind are probably these

• EMA
• BB

I have seen your choices, but now I have to ask if your use and choice of these indicators were influenced by where you learned trading from or who you learned trading from? Did you discover these indicators on recommendation or from your own research?

[Captain Corporate]

Yeap, I do go with BB and EMA as well. Seeing others who go for the same thing makes me quite happy about it as well. I am not saying that we are not needing anything else and I am not saying that other indicators are terrible or something like that. There could be other people who do quite well with other indicators as well, and sometimes EMA or BB could be terrible as well. However, that is what I personally prefer and I do like that and doing quite good with it so far as well. It just benefits me at this point, and so far, which means that I am not going to quit it at anytime soon.

[jeraldskie11]

I have seen your choices, but now I have to ask if your use and choice of these indicators were influenced by where you learned trading from or who you learned trading from? Did you discover these indicators on recommendation or from your own research?

I saw many traders used RSI in their trades, and I learned it from mentorship. But before that, I learned that some traders used it in a low probability way because they used it solely in the chart. They used RSI divergence when they see the price is above 70 or below 20 but they don't know how to used it effectively in the market. I have backtested this strategy and it really works for me.

[hugeblack]

The indicators are built from historical data and psychological levels, but during the coming months the price may rise to more than 70 thousand dollars, which makes the possibility of predicting the price impossible. Some will try to draw charts and try to set a general direction for the price, but they will all be broken unless we reach ATH and the correction begins.

[Faisal2202]

There are so many market indicators, and different traders have different things they pay attention to to determine the trend the market will take. Traders look out for these indicators before they place trades. As a trader, what has been your favorite indicator to look out for? and can you give a reason?

As advice, which indicator will you recommend to a new trader?

The one and only 4EMA to make support and resistance, I also look at the RSI indicator some time to check whether the token I am investing in is undervalued or overvalued. After looking at both I decide when to invest, as I wait for the right time, and I have learned this skill the hard way but I am glad that I have learned it because waiting is more crucial in trading. After getting an entry I wait for the right time to exit although that where the resistance lines come in handy.

We should not be so greedy in trading, and we should book what we can do, so I usually book at TP1 or TP2, but really it was hard for me to book early, because I always thought I should wait a little more in order to book more profit, but that's highly childish thoughts of me. Besides these two, I prefer FA, as the news, and hype in the market also tells us what we can expect, token unlocking, supply, trading volume, news etc. are some of the factors I values more and study them before making the TA.

[LogitechMouse]

I will not say any specific indicator that I'm using back when I'm still trading because most users here already said those.

I will just say that the opinions of users here in this thread helps me to learn more about the most common indicators traders are using. I know that using these indicators will not lead to a 100% win on every trade, but at least knowing the indicators you are using will increase the chances of getting profit in every trade.

I'll follow this thread I guess just to have a basis just in case I go back to trading (if I have the funds of course).

[Charles-Tim]

I will just say that the opinions of users here in this thread helps me to learn more about the most common indicators traders are using. I know that using these indicators will not lead to a 100% win on every trade, but at least knowing the indicators you are using will increase the chances of getting profit in every trade.

The indicator can not even give you more than 60% accuracy. If the timeframe is short like 15 or 30 minutes, the more inaccurate it will be. Longer time frame are better. Example is 4 hours or more. There are many traders that know about indicators, using it but still failing and losing more. There is more to know about trading like strategies.