With so many indicators it is important to be able to filter out the noise. Look for convergences of multiple indicators rather than using each on separately as well as testing and trialing new indicators every now and then.

Volume

Monitor the buying and selling power of any given asset by watching the volume. The higher buying or selling volume the larger the price movement.

Moving Averages

There are a number of different ‘methods’ based on moving averages. MA8 MA50 MA100 and MA200 work quite well to spot trends without noise. They also often work as support and resistance levels, especially when they align with a secondary indicator.

Stochastic (updated settings: Length = 10 K = 5 D = 3)

A very useful indicator to track trend moves and key overbought/ oversold areas. Usually works better in bullish markets. A bit of a secret for you all is to change the settings.

TD Sequential (by Glaz — Tradingview)

This can be one of the strongest indicators in cryptocurrency however it really only works for the higher cap coins such as Bitcoin and Ethereum. A 9 signals the weakening of a trend. There are a number of rules and here is one of the most important ones (read more here). A “sell setup” is “perfected” when the the high of bars 6 and 7 in the count are exceeded by the high of bars 8 or 9 and a “buy setup” is likewise “perfected” when the low of bars 6 and 7 in the count are exceeded by the low of bars 8 or 9. A “perfected” setup tends to be a better indicator, as unperfected setups often).

MACD

This is a great indicator for possible trend reversals.

WT Oscilator (by Lazy Bear — Tradingview)

Combined with the RSI and MACD this gives a very strong sell signal around the turning point of trends. It is quite slow so it is best to combine it with either the Stochastic and/ or MACD.

Ichimoku Cloud (Updated settings with 20,60, 120, 30)

This change is to adapt the configuration to a 24/7 market as crypto is. This indicator is very useful for spotting trends and finding support and resistance zones.

What’s Next?

Using different timeframes is also key to making good decisions based on these indicators. Look for correlations between multiple timeframes, some of the major ones being 4Hr 6Hr and 1d. The more confluence between different timeframes the stronger the signal is especially if multiple indicators are also aligned.

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