If you're trading crypto and not using any technical indicators at all, then you're playing as if you're blindfolded 👀 I'll explain 3 indicators that will help you understand the market better and increase your opportunities 👌

RSI Relative Strength Index

Simply put, this indicator tells you whether there are more buyers than sellers for this currency.

If the number is above 70 → the market is saturated with buying, it might drop.

If below 30 → the market is saturated with selling, it might rise.

So it tells you when to buy and when to be patient.

MACD Momentum Indicator

It's made up of two lines that cross + moving bars.

When the lines cross upwards → there's buying momentum.

When they cross downwards → selling momentum.

It helps you know the next direction.

Moving Averages

If the price is above the line → it's an upward trend.

If the price is below → it's a downward trend.

If the short averages cross the long ones upwards → it's a buy signal.

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If you combine all three, you'll see a clearer picture. It's not necessary to enter or exit on just one indicator's signal.

Always think like this: RSI tells you if the market is saturated or not, MACD tells you the direction and momentum, and the moving averages tell you the trend.

Try adding them to your Binance chart and start getting used to them, it will make a big difference in your decisions 😊👻