What technical analysis method are you using?

[MrSpasybo]

The crypto market has become increasingly attractive to investors, and each investor has own way to generate profits for themselves from the large fluctuations of assets traded 24/7 on CEXs and DEXs. Besides fundamental analysis and on-chain analysis, technical analysis always has the largest number of users thanks to its simplicity and intuitiveness.

Technical analysis offers traders a variety of methods to check, learn, test, and select for themselves. We have Elliott wave theory, Dow theory, Fibonacci, Wyckoff, RSI, MAs, MACD, Ichimoku, Sonic-R, Momentum, Volume profile, Price action, Japanese candlesticks... Over the years in the market, I have learned many methods and am using combo-method at the same time to reinforce my own assessment of the state of the crypto market.

In particular, I like to use the indicators available on TradingView because they are intuitive and easy to access for everyone. I think technical analysis is science, which means that transparency and integrity are required. Other methods such as Elliott or Wyckoff require more detailed presentation and explanation, and they are also difficult to access for other investors.

I typically use Ichimoku's Kumo cloud + Sonic-R's Weekly EMA34 to identify trend formation or breakouts on the price chart. Occasionally, Fibo 0.618/1.618, RSI, and MACD are also quite helpful in making my analysis more convincing ^^

In investing, I prefer to use a combination of Ichimoku + MA-cross methods to identify BTC reversal zones on the weekly timeframe and place buy and sell orders. I will buy when the BTC price is above the Kumo cloud and MA9 is above MA26. The lag is completely acceptable, it gives me a fairly profit in each cycle.

What technical analysis methods are you using? Why did you choose them and what were the investment results?

• Technical Analysis: What It Is and How to Use It in Investing

[joniboini]

I have used moving averages and bollinger band in the past. Works quite well as long as the timeframe isn't too short. I also used RSI or fibonacci once in a while, although my knowledge of how to use them isn't that deep. I believe any indicator works in a market with a clear trend, but my experience tells me that I need to practice more if I'm trying to use them in a volatile market/bear market. The swing from FUD is unexpected most of the time, fortunately, stop-loss has become my habit whenever I make an order.

[Rruchi man]

I will buy when the BTC price is above the Kumo cloud and MA9 is above MA26.

Fibonacci can also give you an idea of a good area to join the market. With Fibonacci you can identify the Premium and discount zones to join the market from.

Fibonacci is important to me.

In investing, I prefer to use a combination of Ichimoku + MA-cross methods to identify BTC reversal zones on the weekly timeframe and place buy and sell orders.

A combination of indicators for technical analysis, can provide a more accurate result for trading when you really understand it. It can be confusing if you do not have a good understanding of the indicators.

[MrSpasybo]

Fibonacci can also give you an idea of a good area to join the market. With Fibonacci you can identify the Premium and discount zones to join the market from.

Fibonacci is important to me.

A combination of indicators for technical analysis, can provide a more accurate result for trading when you really understand it. It can be confusing if you do not have a good understanding of the indicators.

I like Fibo too, it's really interesting to apply, the only problem is that we have a lot of Fibo numbers to track 0.236 - 0.382 - 0.618 - 0.786... Each number can be a reversal zone for price chart, which can be really confusing if we only use Fibo!

I understand quite well about the idea + data + how to implement basic indicators such as MAs, RSI, MACD, Ichimoku ..., I can code them in PineScript or C++, so I almost don't have any barriers. Each indicator has its own advantages and limitations, combining indicators wisely can help them support each other and confirm an important signal for price chart!

[$crypto$]

I have used moving averages and bollinger band in the past. Works quite well as long as the timeframe isn't too short. I also used RSI or fibonacci once in a while, although my knowledge of how to use them isn't that deep. I believe any indicator works in a market with a clear trend, but my experience tells me that I need to practice more if I'm trying to use them in a volatile market/bear market. The swing from FUD is unexpected most of the time, fortunately, stop-loss has become my habit whenever I make an order.

moving average and Bollinger bands are the indicators that I think are most widely used by people and I think almost everyone who carries out trading activities will use them.

Apart from that, RSI or Relative Strength Index is also one that is widely used. But again, we can use all of them or use several of the available indicators, because some people, including me, also prefer to use not too many indicators.

[MrSpasybo]

moving average and Bollinger bands are the indicators that I think are most widely used by people and I think almost everyone who carries out trading activities will use them.

Apart from that, RSI or Relative Strength Index is also one that is widely used. But again, we can use all of them or use several of the available indicators, because some people, including me, also prefer to use not too many indicators.

Honestly, after learning about Bollinger Bands, I haven't used it for a long time because I realized its drawbacks related to lag and reliability. But from BB, I had more ideas to improve some of my technical indicators with the adjustments and theoretical updates that Bollinger proposed.

I think traders only need to use a few indicators that they understand well and have successfully tested. This can help them easily monitor and evaluate the market from a certain perspective, without being distracted by other methods and indicators.

[$crypto$]

moving average and Bollinger bands are the indicators that I think are most widely used by people and I think almost everyone who carries out trading activities will use them.

Apart from that, RSI or Relative Strength Index is also one that is widely used. But again, we can use all of them or use several of the available indicators, because some people, including me, also prefer to use not too many indicators.

Honestly, after learning about Bollinger Bands, I haven't used it for a long time because I realized its drawbacks related to lag and reliability. But from BB, I had more ideas to improve some of my technical indicators with the adjustments and theoretical updates that Bollinger proposed.

I think traders only need to use a few indicators that they understand well and have successfully tested. This can help them easily monitor and evaluate the market from a certain perspective, without being distracted by other methods and indicators.

That's right, because I also see that when we use lots of indicators but we understand them only half-half, it won't be optimal either. It's better if we use several indicators but we really understand them, because that will make the performance better.

therefore we have to understand one by one how each existing indicator works, don't let us use lots of indicators but as I said before we don't fully understand the indicators.

[jeraldskie11]

I used EMA in the past as part of my strategy. I always wait for the alignment of EMA 20, 50, 100 before looking of an entry. Every time the price touches the EMA then that is my entry. It works because I have more confluences but still encounter loses until I can't manage my emotion that will result losing of funds. And now I decided to use PA in trading and I feel like it really works for me, other than that, I can trade a little bit early than those who rely on indicators.

[Captain Corporate]

To be fair while I do check them, I do not use them as the only thing, because it rarely makes sense to do something like that, its not really all that profitable neither, I mean it is profitable to use them, it is definitely NOT profitable to only use them and nothing else. I feel like EMA and BB are my favorites at all times, I know not a lot of people like bollinger band, but whenever its under 10, that usually shows a huge crash, and I love crashes, when there is a crash I am always there to take as much as I can. I have seen plenty of rich people become rich that way, so I am doing their method now, watch out for terrible tragedy, and profit from it.

[taufik123]

Using EMA, MACD, rRSI in my opinion is enough and is a suitable combination.
I don't know how other people's judgments, but this depends on someone's habit of using indicators and of course it has been mastered.

There are many indicators that can be used and all of them certainly have advantages and disadvantages.
Don't overuse too many indicators if they are indeed inefficient.

[MrSpasybo]

Using EMA, MACD, rRSI in my opinion is enough and is a suitable combination.
I don't know how other people's judgments, but this depends on someone's habit of using indicators and of course it has been mastered.

There are many indicators that can be used and all of them certainly have advantages and disadvantages.
Don't overuse too many indicators if they are indeed inefficient.

I also often use EMA + MACD + RSI because they provide a fairly complete picture of the market: EMA = average price, MACD = price change rate, RSI = main trend. Proficient use of them and effective capital management can also help traders make the right decisions and make profits in the market.

Some indicators may no longer be suitable for traders or may confuse traders, especially when they give conflicting suggestions. We should not expect a trade with a 100% chance of success, we need to accept the relativity in the market and be ready to cut losses when necessary to protect capital. Still having capital is still having opportunities in the market!

[Crwth]

I use a bot and a script to trade for me so I could monitor the market continuously and be in the market continuously. The algorithm decides the best possible entry in a specific timeframe. If you would like to have more trades, it's better to lower the timeframe, but if it's okay for you to have the best entry and fewer trades, a longer timeframe would be best.

This is what it looks like.

[MrSpasybo]

I use a bot and a script to trade for me so I could monitor the market continuously and be in the market continuously. The algorithm decides the best possible entry in a specific timeframe. If you would like to have more trades, it's better to lower the timeframe, but if it's okay for you to have the best entry and fewer trades, a longer timeframe would be best.

Do you create and manage this trading bot yourself or do you use a trading bot service from a market provider? I'm quite curious about how this trading bot can optimize trading strategies to automatically generate profits. It may use MAs or RSI and continuously analyze trading strategies 24/7 to find the most suitable parameters. Do you get a stable profit from this trading bot?

Personally, I don't like trading bots very much because I don't trade that much. I can create trading bots but I choose to analyze the market myself and make my own investment decisions. It gives me a sense of control and peace of mind.

[Captain Corporate]

Botting is one choice, a lot of people made a lot of money with it (I used to sell gunbot as well back like 5-6 years ago) and of course there were a lot of people who never understood how to use them properly so either not get it working or just lost money too. I feel like the best thing about the current situation is that you could do these manually, because things are not moving that fast, sure bitcoin is volatile but not right now, so you could have a long term holding, wit ha slow trading process to learn about indicators and that could make you some money when the time comes. Well this is of course hopefully, we have no idea how that would work or not in the end.

[MrSpasybo]

Botting is one choice, a lot of people made a lot of money with it (I used to sell gunbot as well back like 5-6 years ago) and of course there were a lot of people who never understood how to use them properly so either not get it working or just lost money too. I feel like the best thing about the current situation is that you could do these manually, because things are not moving that fast, sure bitcoin is volatile but not right now, so you could have a long term holding, wit ha slow trading process to learn about indicators and that could make you some money when the time comes. Well this is of course hopefully, we have no idea how that would work or not in the end.

After all, our goal in participating in the market is to make a profit, trading-bots can also be an option, as long as the trader can use them effectively. I think a trader who can manage and optimize a trading-bot is also a talented trader because he understands the trading method and the bot's working mechanism.

I also believe that in the future, when I have mastered a trading method, I will also try to create a trading-bot to help me monitor the market and give potential trading suggestions.