RE: Steemit Crypto Academy Contest Season 4 Week 1 - Crypto Market Technical Analysis
Ideally, technical analysis focus on the relationship between previous price data and the current price ,
Yeah that true, it depends on past price movement to predict future or current price movement. But some actually said the past doesn’t repeat itself, I don’t know how true it is.
But I don't recommend using only the indicator generated signal
Yeah sure, no indicator is perfect no matter how we trust it, we should always combine with different indicators or patterns to confirm signals.
My favorite technical indicator is the Moving average indicator, which can be either EMA or SMA.
MA indicator is very useful especially with the cross strategy, a cross between smaller and larger MA identifies buy and sell positions.
Please find time to visit my post as well. Good luck!!