I'm developing my strategy for trend trading and I'm trying to figure out what are the best indicators to catch a trend. Currently now I'm using MFI, but I doubt that it is suitable for cryptocurrency trading, so i will appreciate it if you give me a hint. Thank you in advance!
If you ask me I would like to suggest you that never depend on the signal indicator in crypto trading because many indicators can give the wrong signal sometimes. use a combination of indicators and go ahead. i have seen many indicators giving false signals and which leads traders to the loss.
One indicator which is Known as RSI (Relative Strength Index) that gives us the signal to buy and when to sell if it is below 30 so it means it is a good opportunity to buy and if it is above 70 it means it is not good time of buying.
DYOR