Understand the commercial indicators: a complete guide to bitcoin (BTC)
The trading of cryptocurrencies has become more and more popular in recent years, and the value of cryptocurrencies such as Bitcoin (BTC), like Bitcoin (BTC), varies madly on the financial markets. One decisive aspect of a successful encryption currency is to understand the commercial indicators that help traders to make conscious decisions regarding purchase and sale. In this article, we explore the world of Bitcoin trading indicators (BTC), studying what they are, how they are used and certain key concepts to keep in mind.
What are the trading indicators?
Commercial indicators are formulas or mathematical diagrams that provide merchants with signals to buy or sell funds such as cryptocurrencies. They help identify the models, trends and market conditions that may indicate potential changes. The cryptocurrency market uses different types of trading indicators, each with its own strengths and weaknesses.
Key concepts:
Before diving into the world of Bitcoin trading indicators (BTC), it is necessary to understand certain key concepts:
- Analysis of trends : Identification of the management of the trend is crucial in the trade of cryptocurrencies. A strong upward or downward trend may refer to a potential purchase or sales event.
- Indicators : There are several types of trading indicators, in particular:
* Mobile mines (Ma)
* Relative force index (RSI)
* Bollinger groups
* Stochastic oscillator
* Convergence divergence method (CD)
- Charts : Explore general diagram models such as:
* Head and shoulders
* Hammer
* Shooting star
* Triangles rising and descendant
Bitcoin (BTC) popular commercial indicators
Here are some popular trading indicators used on the cryptocurrency market:
- Middle Mobiles : 50 The mobile average of 50 episodes is often considered an indicator of the “gold cross”, indicating the upward trend.
- Relative resistance index (RSI) Measure the amount of price changes. The value of more than 70 RSI indicates additional conditions, while values of less than 30 show the conditions.
- Bollinger
groups: Bollinger bands are drawn around two mobile averages. When the price closes outside these bands, it can be a sign of any discharge or translation.
4 The value of more than 70 indicates additional conditions, while the values of less than 30 show the conditions of the conditions.
Use of Bitcoin commercial indicators (BTC)
To effectively use trading indicators the following steps:
- Select the correct indicator : Select an indicator that corresponds to your trading strategy and your risk tolerance.
- Set the price range : Specify the price range that you are interested in moving or leaving the store according to the production of indicators.
- Follow the indicator: continuously follows the indicator to identify and locate potential signals.
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Best practices for commercial indicators
Keep these best practices to avoid general traps: remember:
- Stay disciplined : Stay in your negotiation plan and avoid impulsive decisions according to your emotions or short -term price changes.
- Use risk management tools : Use tools such as loss of stopping and posture size to control the risk.
- Learn constantly : Stay up to date with the development of the latest cryptocurrency market and adjust your strategy accordingly.
conclusion
Understanding the commercial indicators is an important part of a successful cryptocurrency trade, in particular for Bitcoin (BTC). By managing different types of indicators and applying best practices, merchants can become aware of decisions concerning the purchase and sale of goods.