Quote from: butka on August 05, 2018, 05:06:21 PM

Quote from: cryptoking1981 on August 05, 2018, 11:46:27 AM

Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h), as well as using the MACD and the histogram as complimentary tools.

I've tried to use RSI divergence in combination with other trading indicators, but with little success. When you learn how divergence works, the lessons usually show you examples in hindsight. When you try to apply this knowledge in practice, it's not so easy to identify these signals on a "live" chart. As someone already mentioned in the discussion above, these trading indicators don't really work so well in the crypto markets. They originate from Forex trading, which is a much more regulated domain, without huge pump and dump events. At the end of the day, for me at least, it all comes down to instinct, trying to buy cheap and sell when the price is up.

It's correct. The technical analysis is almost useless to predict the price of crypto currency, because the "whales" try to manipulate the markets anytime. Sometimes I use the arbitrage platforms, but currently such MVPs are competing to each other, so the entire arbitrage market is being segmented and, as a result, these platforms are not so profitable as before. I heard that some projects, which develop a trading bots, started to use an artificial intellect to predict the prices of coins. I guess this is a promising direction of a trading movement.