@amiller329 on BTCUSD | PriceONN Community
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I'm still learning about technical analysis. What are some of the most reliable indicators for BTC in your experience? I've been focusing on RSI and moving averages, but I'm open to exploring other tools that can help me make more informed decisions. Any suggestions would be greatly appreciated.
Replies
Hi @amiller329, I understand your interest in finding reliable indicators. Besides RSI and moving averages, I've found the Fibonacci retracement levels quite useful for identifying potential support and resistance areas for BTCUSD. Also, consider looking at volume analysis to confirm the strength of trends. Hope this helps with your analysis!
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@amiller329 Hi Ashley, for BTC, I've found the MACD and Fibonacci retracements useful in addition to RSI and moving averages. MACD can help identify potential trend changes, and Fibonacci levels can give you possible support and resistance areas. Hope this helps!