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!
Any trend indicator that can be used on other markets can be used to trade the market of cryptocurrencies, however since trends move so quickly I will advice you to use a shorter period to calculate the indicator, so if on the stock market you used an EMA with a time period of 20, maybe it could be a good idea to reduce this number to 14 or another number you feel comfortable with, this way you will be able to react faster to the changes on the market and move to the right side of the market, capturing more profits in the process.