Trading Bitcoin: 3 Indicators You Must Be Using
While highly volatile, Day Traders can still capitalise on smaller movements by using the correct tools
Published in
8 min readOct 22, 2023
1) The MACD Indicator
The Moving Average Convergence Divergence (MACD) is an indicator that helps identify trends and potential reversals by analyzing the relationship between two moving averages of different periods. It is commonly used in technical analysis to generate trading signals.
How to Use the MACD Indicator When Trading Bitcoin
When it comes to trading Bitcoin, having a solid understanding of technical analysis and using the right indicators can greatly enhance your trading strategy. One of the most popular indicators used by traders is the Moving Average Convergence Divergence (MACD).
Interpreting MACD Signals
Crossovers
One of the primary ways to use the MACD indicator is by observing the crossovers between the MACD line and the signal line. When the MACD line crosses above the signal line, it…
