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RE: Steemit Crypto Academy Contest / S4W1 - Crypto Market Technical Analysis by @huzaifanaveed1

in SteemitCryptoAcademy • 3 years ago

timeframe can be adjusted by the traders according to their needs.

Multitime frame analysis is one of the key components of Tech Analysis and action is taken according to the trading style .

using different Technical Indicators together helps you in trading a lot more efficiently.

You are right but indicators confuse me personally.

A good trader always uses more than 1 indicator and work with them help of them. Trading, u

That's not universal because some price action based traders occasionally use indicators for specific purpose . So they are not necessary tools however i consider them as supportive tools only .

So it is important to do fundamental analysis as well.

You are right and it holds true more often for positional or long term swing traders .

Good luck

3 years ago in SteemitCryptoAcademy by
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     3 years ago 

    That's not universal because some price action based traders occasionally use indicators for specific purpose . So they are not necessary tools however i consider them as supportive tools only .

    I agree with you, maybe I didn't quote it quite right, I tend to use indicators as my support while trading.

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