My preferred technical analysis tools for crypto

in #bitcoin6 years ago

I'm still new and still learning more about the Technical Analysis. Right now, here are the tools that I am using:

Bollinger Band

Based on Investopia, Bollinger Band is a simple analysis using the concept of standard deviations against the simple moving average. The Bolling Band has been widely used as a basic tool for technical analysis, to identify the "oversold" and "overbought situation"


Sample chart by Investopia

The Bolling Band is simply the two line from the SMA.

RSI

The next indicator is The Relative Strenght Index, which indicantes the momentum of overbought or oversold in the market. You can read more about it here

MACD

The last one that Im using, acutally, I'm studying is MACD. This indicator uses the 26-day and 12-day EMA (exponential moving average) and combined them together to predict and give estimation on the market movement.

The MACD, used with RSI and BB can give a hint on the market situation, which can signal a Buy or a Sell.

You can learn more about the MACD here


Source: Investorpia

So, what indicators are you using?

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