Brothers, everyone who plays with cryptocurrencies knows TradingView is the ultimate tool for analysis; once you use it, you can never go back. Today, Yuanbao is sharing 5 super practical indicators to help you improve your trading efficiency; stop making random trades!
1. Trading Notes Indicator
Bad memory? Always forget your trading plans? This indicator directly attaches notes to the candlestick chart, allowing you to see at a glance what you should do. For example, if you were trapped by chasing highs due to FOMO last time, or if you should have stopped loss but didn’t and got liquidated, you can write it on the chart to remind yourself at all times. The cryptocurrency market is volatile, emotions can easily get the better of you, having a real-time reminder can help you lose less money.
2. Automatic Trend Line Channel
Drawing trend lines is a basic skill, but beginners often draw them messily. This indicator helps you automatically generate trend channels, allowing you to quickly see if it’s a bullish or bearish arrangement. However, be cautious, as the market doesn’t always follow standard patterns; when encountering a market maker drawing a door, don’t rigidly apply indicators—be flexible!
3. Gap Indicator
Although trading in the cryptocurrency market is 24 hours, the futures market often has gaps (such as large exchange spikes). This indicator highlights historical gaps, helping you find potential gap-filling opportunities. For example, gaps left after a significant drop in Bitcoin are often filled; those who understand will naturally know.
4. Capital Curve Simulator
No matter how high the win rate, if the risk-reward ratio is poor, you'll still end up losing badly. This indicator can simulate your trading results by inputting your win rate and risk-reward ratio, allowing you to see if you’re making money or going to zero in the long run. Old Cat suggests not to always think about a high win rate; the risk-reward ratio is key—make more when you profit and lose less when you lose to survive in the cryptocurrency market.
5. Naked Candlestick Reversal Signal
Experienced traders look at naked candlesticks, but this indicator can help you identify key reversal patterns, such as turning point signals from three candlestick combinations. When used in conjunction with support and resistance levels, the effect is even better. Market makers in the cryptocurrency world love to draw lines to mislead; learning to recognize reversal patterns can help you avoid getting caught by sudden drops.
Bonus: Astrology Indicator (Pure Entertainment)
This thing can actually display planetary trajectories on the candlestick chart... Gann was obsessed with this in his later years, but for us ordinary folks, it’s just for viewing. The mysticism of the cryptocurrency market is what it is; don’t truly use astrology as trading basis, or you will eventually be taught a lesson by the market.
Advice from Yuanbao
Making money in the cryptocurrency market relies on discipline, not luck. These indicators are just tools; the key is still your trading logic. Don’t be greedy, don’t panic, don’t FOMO; steady progress is what will help you survive until the end.
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