Essential Skills After Margin Call: 7 Major Free Indicators Used by Veteran Traders in the Crypto World!
Don't underestimate these tools; they are all free and available on TradingView, usable at zero cost!
Today, I will publicly share the 7 'turnaround indicators' that I commonly use. Once you learn them, you'll save years of detours in the market!
① CM SuperGuppy: Trend Hunter
This is my favorite indicator! When BTC was consolidating between 20,000 and 23,000 in 2023, it provided a buy signal in advance. What was the result? It soared to 74,000!
Green = Uptrend, Red = Downtrend, Gray = Consolidation, easy to understand at a glance.
In short: Use it to assess trends, even a fool can follow along and make money!
② MACD: Reversal Catcher
MACD is a momentum indicator. When crossovers occur, it often marks the starting point of a significant market movement. I've seen countless people double their investment based on a single MACD golden cross!
Tip: MACD works best when combined with EMA200 for higher accuracy.
③ RSI: Overbought and Oversold Tool
Below 30 = Oversold, can't go lower; above 70 = Overbought, could drop at any moment. Knowing how to use RSI allows you to position yourself at the bottom or exit at the top, getting ahead of others.
In the crypto world, being one step ahead means a wealth gap!
④ Bollinger Bands: Volatility Indicator
The narrower the Bollinger Bands, the more likely a market breakout; the wider the bands, the more extreme the volatility. Experts often use it to set up breakout trades, and once it breaks 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, consolidate, and push prices, leaving traces on these lines.
Understanding EMA allows you to follow the market makers!
⑥ Volume Profile: Chip Map
It tells you where the most chips are accumulated at what price level and where the market makers' cost zones are. By focusing on these ranges, you can understand: where support lies and where resistance is.
⑦ WaveTrend (LazyBear version): Buy and Sell Signal Tool
This indicator is perfect for beginners, directly giving you hints for 'buy points' and 'sell points.' When the doji star signal appears, it often indicates a market reversal point.
Many newcomers have doubled their investments in short-term trades using it!
I've shared the method; whether you choose to execute it is up to you!
