Essential Skills to Flip After a Liquidation: 7 Major Free Indicators Used by Veteran Traders in the Crypto Space!
Don't underestimate these tools; they are all free and available on TradingView, with zero cost to use!
Today, I'm sharing my 7 commonly used 'recovery indicators' that, once learned, will save you years of unnecessary detours in the market!
① CM SuperGuppy: Trend Hunter
This is my favorite indicator! When BTC was trading sideways between 20,000 and 23,000 in 2023, it gave an early buy signal. And the result? It surged to 74,000!
Green = Uptrend, Red = Downtrend, Gray = Sideways; it's easy to understand at a glance.
In a nutshell: Use it to determine the trend, and even a fool can keep up and make money!
② MACD: Reversal Catcher
MACD is a momentum indicator. When a crossover occurs, it often marks the starting point of a major market movement. I've seen countless people ride a wave to double their profits based on a single MACD golden cross!
A small reminder: It's best to use MACD in conjunction with EMA200 for higher accuracy.
③ RSI: Overbought and Oversold Tool
Below 30 = Oversold, can't go lower; above 70 = Overbought, might crash anytime. Understanding how to use RSI allows you to position yourself at the bottom or exit at the top faster than others.
In the crypto space, being one step ahead means a wealth gap!
④ Bollinger Bands: Volatility Code
The narrower the Bollinger Bands, the more likely a breakout is imminent; the wider the bands, the more volatile the price action. Experts often use it to position for breakout trades; once it breaks above the upper band with volume, it’s a 'takeoff signal'!
⑤ EMA: The Simplest Yet Most Powerful Moving Average
EMA 20 / 100 / 200 are the three moving averages I must watch. Many large funds build positions, liquidate, or pump prices, leaving traces on these lines.
Understand EMA, and you can basically follow the big players!
⑥ Volume Profile: Chip Map
It can tell you where the most chips are accumulated and where the cost zones for big players are. By keeping an eye on these ranges, you can understand where the support and resistance levels are.
⑦ WaveTrend (LazyBear Version): Buy and Sell Signal Tool
This indicator is perfect for beginners, directly giving you 'buy' and 'sell' signals; when a doji star signal appears, it often indicates a market reversal point.
Many newcomers have doubled their profits in short-term trades using it!
I've shared the methods; whether or not you're willing to execute them depends on you!
