Trading; 6 Best Bitcoin & Cryptocurrency Indicators for Technical Analysis. Should you buy, hold or sell? Discover the 6 most popular indicators used by technical analysts for predicting the price action of cryptocurrencies. However, trading bitcoin does have its own concerns in terms of what moves its price. Here is a list of factors that impacts bitcoin’s price movement: Supply – There is a limited supply of bitcoin that can be mined, thus depending on how fast these bitcoins enter the market it will greatly affect the price of bitcoin. The best bitcoin indicators have the potential to help guide your trading decisions because what’s in the rearview mirror can sometimes help indicate what can be seen through the windshield. To get your complete bitcoin roadmap, subscribe to Bitcoin Market Journal today! Without much ado, let’s get started on the best 8 Bitcoin indicators for crypto traders. 1. MYC Trading Indicator. The MYC Trading Indicator is a private indicator that uses a combination of trend analysis and momentum oscillators to accurately determine when a cryptocurrency will enter a bullish or a bearish phase. And absolutely NO traders in Blockchain Whispers team base their trades on what indicators say. Yet so many newbies do! Why?? The trading is based on three things: 1) Supply. 2) Demand. 3) Speculation Supply and demand alone would make RSI and other bitcoin indicators the best tools in the world to trade on. Speculation part is what makes them ...
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