Hi Guys hope you all are fine Today i will teach you how to use indicators for bittrex trading, For beginners does not know about indicators and its use. So this is the important post for bittrex beginners. Last one week i cannot come to our website due to heavy work and also i didn't open bittrex account also. Now only i opened bittrex market then i shocked almost all markets totally down if i sell markets i will meet huge loss. So I am planning to sell this month end only due to bitcoin value down trading markets also down. But its is good time for buy bitcoins and ethurium from coinbase.
Okey guys now i will share best indicators in bittrex.
What is indicators and what is the use of indicators :
We no need to detail explanation so i will tell shortly. Its just like trading analyzing tool. Every tool having different analyze method. We can set two or three indicators at same time then we can analyse bittrex market up and down moment.
If you click studies you can see lot of markets like bolinger bands, center of gravity, MACD, RSI like that lot of indicators you can use any indicators in bittrex. In this post i will share only 4 indicators which is i am using and most of the traders using indicators.
Best Indicators for Bittrex trading:
See the image i used 4 indicators in this Ethurium trading. This indicators working fine at mobile and tab also.
Bolinger Bands Indicator:
This is the popular indicator it has three lines. if you create bolinger indicators or any other indicators you should not change any values and note it you should set 30mint [ AUTOMATICATICALY 30MINT VALUES ONLY SHOWN] see the top left corner of image. If the third line touches the red bar you need to buy it. If the first line touches the green bar you need to sell it. Its just my opinion only. Just wait and take decision.
Relative Strength Index (RSI):
RSI indicators also well known popular indicators. see the image that is RSI indicators its value now 46.11. Basically its value 20 to 50 means we can buy that market if the values reached 60 to 70 you need to sell it. above 70 means you should sell suddenly.
Moving Average Convergence & Divergence (MACD):
Its also very important indicator see the image red line and white line touched and increased that point is buy position. see the line end of the white line going down if the touches red line you need to sell it.
Stochastic Indicators:
It is also good indicators MACD indicator take time to up and down moment but this indicators shows clear market up down moment which is est for intraday trading that means invest huge money and buy and sell suddenly or with in a day.
Must note it:
Indicators are just assumption tools only so don' use single indicators you should use three or four indicators at a time then only you can take final decision to buy or sell the markets. This is important thing so remember it. Okey friends please share this post with yours friends . Thank you.
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