Essential for Making Big Profits! 7 Free Indicators to Help You Capture the Surge in the Cryptocurrency Market
Attention cryptocurrency friends! Whether you're a newcomer just entering the field or a seasoned player planning to earn money in the long run, mastering a few super practical technical indicators is the key to unlocking your wealth.
These indicators act like your personal radar, accurately locking onto market trends, helping you avoid blindly following the crowd, and easily grasping the rhythm of making money.
1. CM SuperGuppy: A Magical Indicator for Bottom Fishing and Price Surge
This is my favorite trend determination treasure! In 2023, when Bitcoin hovered between $20,000 and $23,000, CM SuperGuppy precisely issued a buy signal, and the daily chart soared.
Usage is simple: open TradingView, search for 'CM SuperGuppy', add it to charts of 4 hours or more, and just look at the colors to know the market trend.
Green light on means a bull market is on the way; red light ignites a bear market; gray indicates a wait-and-see opportunity.
2. MACD: The Dual Killer of Trend and Momentum
MACD is an established tool that tells you market direction through the relationship between two moving averages. Combined with the red and green histogram, it helps you find buying and selling points.
Note that MACD is best used with EMA 200, especially on 4-hour charts and above, as it effectively filters out false signals, helping you avoid traps during consolidation periods.
3. RSI: Accurate Warning for Overbought and Oversold Conditions
RSI helps you determine whether a coin is being crazily pursued (overbought) or ignored (oversold). When RSI is below 30, it is very likely a good opportunity to buy; above 70, it signals profit-taking.
But remember, using RSI alone is not reliable enough; combining it with EMA or Bollinger Bands is the way to go.
4. Bollinger Bands: The Ultimate Technique for Identifying Volatility and Consolidation
Bollinger Bands consist of three lines, helping you judge the size of market fluctuations. A wide band means the market is surging or plummeting, while a narrow band suggests that consolidation is about to end.
Smart players will use Bollinger Bands in conjunction with MACD and EMA-200 to lock in the real entry and exit points, maximizing profits.
These are just the first four of the seven major indicators; I will share the remaining three with you next time! All available for free on TradingView, easy to use, yet capable of doubling your returns!
If you want to make big money, stop relying on luck; learning to use indicators and capturing trends is the way to go.
Hurry up and like and follow; I'll take you into the technical circle of experts!
