How to Use RSI and MACD Indicators to Have Profitable Crypto Trades
This 4 step strategy helps you to get buy signal, buy confirmation, sell signal and sell confirmation.
RSI and MACD indicators are two of the most famous indicators in cryptocurrencies trades. The problem is that most of the traders use only one of these indicators or they don’t know exactly how to use both at the same time. In reality, if you want to have more profitable trades, you have to learn how to configure and use both of them simultaneously.
Why?
Because one of them (RSI) gives you a buy/sell signal and the other (MACD) gives you a buy/sell confirmation.
In this post, I am going to share a 4 step simple strategy to use MACD and RSI at the same time for trades.
Note: This post is by no means financial advice. This is just for entertainment purposes and you should always do your own research before any type of investment.
Prerequisites
Charting Tool: TradingView
Time Frame: 4 Hours
MACD Settings:
- Fast Length: 8
- Slow Length: 21
- Signal Smoothing: 5
- Source: Close
- Oscillator MA Type: EMA
