Which technical analysis tool works best for you????

[Glow]

My favorite trading indicator is the bolinger bands and the  volumes. Bolinger bands help me to actually understood a sharp entry and the exit position on short term price movements. It potentially identity the over bought and oversold conditions of a coin.
I think that bolinger band is a great tool for technical analysis even as some people has testify.

Yeah finally 😄 I have someone with the same vision as me, the BB has been very helpful to me in my trading journey as a scalper and would encourage more people to study it and incorporate it into their trading analysis.

[jeraldskie11]

I usually trade with just price action but I use tools as confluence to increase the chance of my analysis, and that is the volume and RSI. I'm not an scalper, I'm a day trader and this indicators work best for me. I tried different tools but I found it not helpful to my trades and it's just make my analysis more complicated. I used volume to identify if the big players are starting to trade and the RSI for divergence. This are the tools I need to increase the chance of my trades to win.

[target]

There are other indicators that I used to use like the fibonacci where I can measure where could be the next support and resistance. Its a good indicator to see possibilities but it has to be used along with indicators that will validate predictions while the trend is also obvious.

Good to use but because my tradingview account isn't premium I just leave it out but I sometimes, remove one and replace with fibo just to check.

[Legion]

There are other indicators that I used to use like the fibonacci where I can measure where could be the next support and resistance. Its a good indicator to see possibilities but it has to be used along with indicators that will validate predictions while the trend is also obvious.

Good to use but because my tradingview account isn't premium I just leave it out but I sometimes, remove one and replace with fibo just to check.

Despite the fact that Fibonacci as a tool successfully shows support and resistance levels it is important to remember that no amount of indicator can be perfect. The use of combining Fibonacci with other indicators for validation will make you win half of the battle in making the right decision. Despite the fact that TradingView is mostly paid, with a trading account you have full access to several free tools that are quite effective. What is more important is on how one will incorporate the available information and get to utilise it well in the development of the potential price movements. In that way, you may carry on trading more effectively even under certain constraints.

[LUCKMCFLY]

For me there is no infallible indicator because depending on the trading that is done, the tools that are used for me have a purpose, that is why I have been learning a lot about 1-minute trading analysis and what works best for me are the patterns and that is something that has been very useful to me , of some I would say that the most interesting and important is Fibonacci , it has been fulfilled a lot in many confirmations that I have given in my way of trading.

[Mr. Magkaisa]

            -     When you really get into crypto trading and you discover that there are so many tools indicators that we can use, in fact, it is not necessary to use all the indicators that we will learn, of course not. So let's just have an idea of ​​how they function when we carry out trading activities.

That is why it is also not advisable for us to use many indicators, because it can even cause confusion for us as traders, as long as the one that seems to be suitable for you and provides good earnings is okay to stick with it.

[Rruchi man]

If someone says a particular trading tool works for them, there is still no assurance that you will be able to understand and put that tool to use to make profit because people understand things at different levels. It is okay to gather knowledge of them and then make a choice of which to really gain mastery on. One technical tool that you know very well will work better for you than a combination of many tools.

[milewilda]

Moving average of convergence and divergence MACD

Im not saying that this will be that 100% accurate but somewhat this is what one of the indicators been that using on which of course it will be that getting mixed up with those
other indicators on which it will be able to check out into those factors on which the market that you are currently that dealing on with.  We do know that technical indicators wont be giving out
that 100% assurance for it to work but it is that much more better in compared when you do make out some trading without having analysis. Having that kind of approach is
just that more worth rather than on making up some blind trades without using up any indicator or toll. If you are that curios on which one then it will be that up into your choice.

[MRY]

If someone says a particular trading tool works for them, there is still no assurance that you will be able to understand and put that tool to use to make profit because people understand things at different levels. It is okay to gather knowledge of them and then make a choice of which to really gain mastery on. One technical tool that you know very well will work better for you than a combination of many tools.

At times it becomes very important to remind ourselves that tools are just the ways or mediums to reach a solution and not the end to it. It’s quite at all possible that someone else can use certain tools successfully while the same tool can cause poor results when used by another person. This is quite logical because everybody has different approaches and perceptions to analytical problems when dealing with one and the same data. This is to mean when we decide to do one thing, it does not mean that we are rejecting other things but we are just establishing a more permanent way of operation. This many tools are not very effective if they are not brought with total control. Indeed, with the sincere desire for the combination of efforts into one method, the process of reading the market will seem to be easier and more productive.