the best crypto trading indicators
A trading indicator is a technical tool that utilises graphs and mathematical formulas to indicate a market's direction. Crypto traders or investors use an indicator in tandem with a trading chart to analyse market conditions. The basic idea is to study past market movements and then use them to anticipate future price trends and patterns.
Although indicators should point you to where the market is headed, it is important to mention that they do not predict the prices of Bitcoin or other crypto assets in absolute certainty. The overall goal is to help you identify trading opportunities in order to maximise profit while minimising loss.
Let us now consider the two common categories of indicators and their functionalities. After this, we'll walk you through the essential things you need to know about indicators.
Types of trading indicators
Although there are different trading indicators, they generally fall under two distinct categories: Leading and Lagging.
Leading indicators vs. lagging indicators
Leading indicators tend to focus on predicting the future outcome of price action. Consider it like looking through your car's windshield to see the road ahead of you. From your view, it is possible to anticipate what you should do based on what you can see ahead. Similarly, a leading indicator can provide a signal ahead of time before the actual price action happens and can register the momentum of the price action when it slows down or speeds up.
On the other hand, lagging indicators pay more attention to what price action used to be like in the past. Think of it like looking at the rearview mirror, which you can use to look at the road you've travelled. Lagging indicators provide the signals you need to confirm the behaviour of the price action.
5 Volatile Cryptocurrencies to Watch Out For
Are you a day trader or leaning towards that mode of trading? Well, this might be the most important section for you in this guide.
If daily profits in the cryptocurrency markets matter to you, you might want to watch out for the volatile five coins we’ve listed below.
But before that, let’s briefly look at two key features that make these coins highly attractive to day traders and anyone looking for small but consistent profits from the market.
High liquidity: This is a key characteristic of currencies that fluctuate in prices within seconds and minutes. Illiquid assets can cripple your entry and exit from a market, meaning your cash can get tied up in an asset whenever you need to bounce back to fiat. If trading larger position sizes, you need a liquid asset to help navigate the various positions that generate profits.
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5 Best Coins To Trade Today
1. Ethereum
2. Bitcoin
3. Litecoin
4. Ripple
5. Zcash
5 Best Coins To Trade Today
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How to Make Money with Cryptocurrency
o you’re interested in getting into crypto and want to turn Bitcoin into cash. You’ve heard all of the success stories – people making millions of dollars by getting in early and selling when the prices are high. Or perhaps you have friends who make a steady income by mining cryptocurrency.
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Top 10 Cryptocurrencies Of 2022
With another halving ahead in 2024, the price of Bitcoin will begin to increase again as the supply is further slashed. This could start another bull market again and lead to prices of near $500,000 or millions as experts are predicting.
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Laura Snapes
Laura Snapes
Fri 14 Oct 2022 15.03 BST
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PDP BoT Asks Ayu to Give Firm Assurance of Resignation after 2023 Election
* Calls on party leaders to match words with action by unconditionally fulfilling commitments made
*Ayu denies collecting N1bn, explains N100m donation by gov
By Chuks Okocha in Abuja
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Governor Wike who spoke Friday morning in a live media chat at tge Government House Port Harcourt, said he and his team were committed to making impact in the party.
Again Wike boycotts Atiku’s campaign in Kaduna for UK meeting
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ASUU suspends eight-month strike
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The Guardian gathered that the decision to suspend the strike was taken at the end of ASUU National Executive Council meeting which was held at the ASUU secretariat in Abuja.
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UPDATED: Appeal Court frees IPOB’s Nnamdi Kanu
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The judgment was on an appeal marked: CA/ABJ/CR/625/2022 filed by Kanu against an earlier ruling by Justice Binta Nyako of the Federal High Court, Abuja.
In the lead judgment, Justice Oludotun Adefope-Okojie declared as illegal and unlawful Kanu’s abduction from Kenya to Nigeria.
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China Covid: Rare protest against President Xi before party congress
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Images showed two protest banners on a bridge in the north-west of the city. The protest appeared to have been swiftly stopped by the authorities.
Frustration has been mounting in the capital before the congress.
There has been an outpouring of anger online at strict security measures and the Covid restrictions put in place.
Authorities have tightened access to the city, shutting out many travellers, returning residents and deliveries. Others had their movement restricted or were forced to quarantine.
The images and footage of the protest that have been circulating showed two large banners unfurled on a bridge in Beijing's Haidian district.
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PDP suspends campaign over Atiku, Wike rift
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The Reason why Teni Disrespected Buhari
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Youths protest in Kogi over ownership controversy of Dangote cement plant
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