Quote from: istiak2277 on October 22, 2022, 06:56:44 PM

I honestly believe indicators are useless in crypto market. They could be a major tools in stock and forex market, but in crypto market public sentiment is more important than indicators like Elliott wave or any other. A rumor can create pump dump in the market, then what will be the use of indicators. Investors mostly doesn't check all these indicators. What they see is the news.

If it was useless then why we are seeing it anywhere? People should stop using it then if what you were saying is true. I think that stocks, forex and crypto do have a similarity, and that is why people in crypto are also using an indicators. If there are many factors which can affect the crypto market then I think it happens as well in stocks and forex markets. Rumors are only a rumor therefore many people won't believe on it so the price will hardly react with it.

There might be a small movement and those were mostly came from newbies and weak hands who sell because of rumors and FUDs. Investors don't like to use indicators but traders do.