Post
Topic
Board Trading Discussion
Re: Did bitcoin has trading signals and indictors like forex?
by
gabbie2010
on 24/04/2023, 19:40:16 UTC
Can we use the same analysis on forex to appropriate our trading on bitcoin like the way gold and US dollar trades same signals.
Did bitcoin has trading signals and indictors different from forex or they're all same signals and indictors but different price movement from bitcoin?
Because forex do not actually include bitcoin signals when trading bitcoin on forex apps. Instance! When you wants to trade forex you can get signals and indictors apps from google play store but no such for bitcoin?
I had tried both forex trading and crypto trading each signal are different from each other, forex pairs are less volatile you can open position at a very good price infact when price retrace a trader can enter a trade with just a small drawdown and ended up with a very good profit, however in crypto trading trading once you miss any chance of entry the price would have pump or dump massively thus making an entry very risky because an inexperience trader might have entered a trade when the price had hit a support or resistance and started retracing due to high volatility thus incur losses