If you are trading crypto without using any technical indicators, you are playing as if you are blindfolded 👀 I will explain to you 3 indicators that will help you understand the market better and increase your chances 👌
RSI Relative Strength Index
Simply put, this indicator tells you whether there are more people buying this currency or not.
If the number is above 70 → the market is saturated with buying, it may drop.
If below 30 → the market is saturated with selling, it may rise.
So it tells you when to buy and when to be patient.
MACD Moving Average Convergence Divergence
It consists of two lines crossing + moving bars.
When the lines cross upwards → there is buying momentum.
When they cross downwards → selling momentum.
It helps you know the upcoming direction.
Moving Averages
If the price is above the line → upward trend.
If the price