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(ETH Analysis) Using The RSI and MACD To Buy Dips

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Free Ultimate Guide: https://cryptocoinmastery.com/free-cryptocurrency-training-yt/ Facebook Group: https://www.facebook.com/groups/CryptoCoinMastery/ Full Article: https://cryptocoinmastery.com/eth-analysis/ In this ETH analysis, I talk about the best uses for indicators when trading. I see too many traders either neglecting indicators, or focusing too much of their time on them. Indicators should be used as tools to help confirm conclusions. Often times traders will not use multiple indicators to make their decisions. In this video, I show a few different circumstances where traders should be using multiple indicators.  Along with indicators, I talk about how to correctly trade a breakout. Traders usually trade based on trend lines, when in reality they should be trading  based on support and resistance lines. The support and resistance lines are based on the supply and demand of the coin. Supply and demand zones are much stronger indicators to look for then trend lines. For example, there were multiple times when Ethereum looked like it was breaking out (based on trend lines) but it was actually just a retracement that led to a new low. Being able to determine true breakouts makes trading much easier. It will help traders prevent losses and maximize their gains.
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Text Comments (5)
Andcoin 90 (2 months ago)
It's a great video but I would consider the possibility of the RSI rolling on the floor. During this downtrend, I've seen the RSI staying in oversold for a long time while the price kept going down. Imagine you buy and set your stop loss in these situations. The result is a huge loss of money. I would set moving averages and wait for price to cross them and wait for a retest of them before jumping in.
Blockchain Apparel (1 year ago)
Kyle, do you use fibonacci retracement indicators? if so, have you done a video on it?
Luuk Dooper (1 year ago)
nice video, make a video over how you know when to sell and make to most profit
matteo matilli (1 year ago)
hi man very good job.. something about to use fibonacci to get in out and calcoulate an all time hig could be really appreciated! cheers
Abhimanyu Saha (1 year ago)
great video can you make a video on the analysis of omisego and litecoin

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