#TradingTools101
If you are trading crypto and not using technical indicators at all, then 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, this indicator tells you if there are more people buying this currency or not.
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.
It tells you when to buy and when to wait.
MACD Momentum Indicator
It consists of two lines that intersect + moving bars.
When the lines cross upwards → there is buying momentum.
When they cross downwards → there is selling momentum.
It helps you know the upcoming direction.
Moving Averages
If the price is above the line → upward trend.
If the price is below → downward trend.
If the short averages cross the long ones upwards → buy signal.
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If you combine the three, you will see the picture clearer. 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 the Binance chart and start getting used to them; it will make a big difference in your decisions 😊👻
