Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: zorchy on October 12, 2018, 03:32:31 AM
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Hey,
I'm just starting to learn the fundamentals and about all the analytical tools available.
Such as: MACD, Momentum, OBV, RSI
I recently stumbled onto a page on Investopedia which was highly critical of the MACD saying it was too slow and inaccurate. It instead proposed a different set of skills such as; analysing candles to be better.
It promoted these 3 things
1. The trendline
2. The pivot point
3. The candlestick
and said these 5 things won't be needed:
1. Moving averages
2. MACD
3. Stochastics
4. Parabolic SARs
5. Bollinger Bands
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This has confused me. Now I don't know what to think..
What do you think about the information above? Are they mutually exclusive or can they be used in conjunction?
Also, which do you prefer? I don't have enough experience or knowledge to weigh in on this.
Here's the article if you're interested:
https://www.investopedia.com/articles/trading/06/againstmacd.asp
P.S - I looked back on a daily chart to before the 2017 bull-run and couldn't find a single hammer candle. (do they exist in crypto??)
Cheers,
G