Read full guide here: http://cryptocoinjunky.com/technical-indicators-for-cryptocurrency-trading/

Traders use technical indicators to figure out the short term price direction of an asset. Technical indicators are mathematical calculations or ‘signals’ used in technical analysis to determine what may happen next with the price of a security, commodity, stock, currency, or in our case cryptocurrency.

Traders prefer to rely on historical price/volume data to predict the price movement, rather than fundamental indicators like profit, revenue or turnover.

After reading this article, you’ll have an overall understanding on how the top six indicators are used. You should also be able to identify the trends in prices, for any cryptocurrency your currently looking to trade.

Within this guide we’ll discuss the following Technical Indicators:

Relative Strength Index

Stochastics Oscillator

Moving Average Convergence Divergence

Average Directional Index

Aroon Oscillator

On Balance Volume

Relative Strength Index

Relative Strength Index (RSI) helps you quantify the gains and losses of an asset over a fixed period of time. This is one of the better-known indicators known throughout the crypto trading community. It’s used by both beginners and advanced…read full article here