Teaching a man to fish is better than giving him a fish: An Introduction to Technical Analysis Indicators in the Cryptocurrency Market

1. Moving Average (MA): Golden Cross: When the short-term moving average crosses above the long-term moving average, it is often seen as a buy signal. Death Cross: When the short-term moving average crosses below the long-term moving average, it may indicate a selling opportunity.

2. Relative Strength Index (RSI): When RSI exceeds 70, it usually indicates that the market is overbought, increasing risk; when RSI is below 30, it may indicate an oversold zone, presenting a buying opportunity.

3. Average True Range (ATR): This can help you set reasonable stop-loss positions, for example, setting the stop-loss at 1.5 times the current ATR to reduce risk.

4. MACD Indicator: Crossover Signal: When the MACD line crosses above the signal line, it is a buy signal; conversely, it is a sell signal. Histogram Changes: The expansion or contraction of the histogram helps assess the strength of the trend.

5. Bollinger Bands: If the price touches the upper band, it may indicate overbought conditions, while the lower band may indicate oversold conditions; a narrowing of the Bollinger Bands signals that a significant market movement may be imminent, requiring close attention.

6. Fibonacci Retracement: In an uptrend, a retracement to the 0.618 area may provide a buying opportunity; in a downtrend, a rebound to the 0.382 area may form a sell signal.

7. Volume Indicator: If the volume increases when the price rises, the trend is more reliable; if the price rises but the volume decreases, caution is warranted as the trend may reverse.

8. KD Indicator: A combination of indicators helps you navigate the cryptocurrency market, as relying on a single indicator often has limitations. In actual trading, it is recommended to combine multiple indicators: MA and RSI Combination: When the short-term moving average crosses above the long-term moving average and RSI has not yet reached overbought conditions, consider entering the market in line with the trend.

MACD and Bollinger Bands: A MACD crossover signal combined with the narrowing of the Bollinger Bands can help you capture entry opportunities before a market breakout.

Volume Validation: Regardless of which indicator you use, volume is always an important basis for judging the sustainability of the market, and it is essential to observe it in conjunction. Conclusion: Technical analysis is only a part of cryptocurrency trading; successful trading also requires continuous learning, practical experience, and good risk management.

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