Which Indicators are Best for Crypto Beginners?

Golden9

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There are hundreds of indicators out there, both free and paid options. A beginner would get easily overwhelmed trying to figure out which one to use, and how to get the best out of each.

It's known though, that finding the edge is what will make you money in cryptocurrency trading. Which indicators should a newbie start with?

 

flower

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I think the best indicator for a beginner in cryptocurrency trading will be EMA because it will be instrumental in determining the support and resistance zones.

 

SHAHID987

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For crypto beginners, the following indicators are a good starting point
Moving Average (MA)
Relative Strength Index (RSI)
Bollinger Bands (BB)
Volume
MACD (Moving Average Convergence Divergence)
These indicators provide a simple and straightforward way to analyze price and volume data, helping beginners to get an idea of the market trends and make informed trading decisions.

 

Magnus2022

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The best indicator for beginner should be moving average. It gives the beginner a fairly simple analysis of the market without clustering it with confusing signal. Though, a beginner should always strive to make his own analysis without depending on the indicator.

 

Reedex

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I think the cryptocurrency beginner can start with the SMA indicator because it is an indicator that will allow you to be able to identify the support and resistance shown so easily.

 

uptrendfinancialsignal

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Beginners in cryptocurrency you should learn the relative strength indicator because it is very necessary to understand a trending movement.

 

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I was taught with Bollinger Bands so I think itbis one of the best ways that people can learn crypto trading very fast.

Golden9 said:

There are hundreds of indicators out there, both free and paid options. A beginner would get easily overwhelmed trying to figure out which one to use, and how to get the best out of each.

It's known though, that finding the edge is what will make you money in cryptocurrency trading. Which indicators should a newbie start with?

Click to expand...

 

Reedex

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Beginners who has low budget should try out the Dogecoin.

 

uptrendfinancialsignal

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lens said:

Beginners who has low budget should try out the Dogecoin.

Click to expand...

The best indicators for new crypto-currency traders is the simple moving average SMA.