Today I gonna show you two Indicators , that gonna be very benificial for you guys for day Traiding, Swing Traiding and of course for Long Term investments, overall just looking for great entry points on Cryptocurrency, Stock, Forex.
Basicilly This will be quick Tutorial for Technical analysis for starters.
So we will be looking for lovest price and over sold signals.
First Indicatar you need is rsi.
"RSI is a momentum indicator that measures the magnitude of recent price changes to analyze overbought or oversold conditions."
RSI Bassicly signals that something is oversold.
Second Indicator Will be Stochastic(My setup 8;3;3)
The stochastic is a momentum indicator comparing the closing price of a security to the range of its prices over a certain period of time.
So Let Me Explaine how to use this indicators in real life , but remember you need to learn how to using multiple indicators , to find best entry point.
In this Article i Show you how to use just two.
Let's get Start:
1.Oversold Signal, that Means that lot of investors sold there coin and it signals that this is maybe is optional Entry point.
2.Overbought Signal, too Many Buy Orders from Investors, this indicates, that maybe you need to sell your coin.
3.Stochastic is Under Purple area , which also signal over sold and reversal in trend also blue line comes up over the orange line which signals trend reversal.
When Blue line comes over orange Line it's positive Trend reversal.(Strong buy signal)
4.When the blue line croses back under the orange line thats usally signals that it is maybe to time sell your coin.