I discuss two of the most popular and most used indicators by cryptocurrency and Bitcoin traders, the MACD and RSI. I go through what they are, how to add them to your charts, and show you a few examples of how they help traders find good entry points.
Keys to Remember:
1) Macro to Micro (start at long-term view (i.e. daily) and work your way down (i.e. 4 hour, 1 hour, etc.)
2) Do not place buy trades in overbought conditions and do not place sell orders in oversold conditions (you will lose most of the time)
3) Look for bullish and bearish crossovers on the MACD
4) Look for bullish and bearish divergences on both the MACD and RSI