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!
When I'm trend trading I follow what trend is becoming popular among traders and one way to notice this is by the trading volume of the projects under that trend, it's not easy to know what the next trend is going to be or which trend is going to become more popular but you can watch the type of tokens exchanges are listing and the trends those projects are a part of and begin to monitor the trend more closely and pick some projects that you believe will be winners in that trend to trade for profits.
Nobody knows what the next trend will be and any individual making a bold statement of a trend been the next trend is only guessing but you can monitor multiple trends so you don't miss the next trend when it happens. I love trading trending cryptocurrency as they have more volatile and volumes therefore there'll be more chances to make profits from my trade but I also understand the risk involved.