Here are 10 key indicators that new crypto traders should master:
1. Moving Averages - MA lines help identify support/resistance levels and trend direction. Ex: 50-day, 200-day MAs.
2. #Volume - Higher volume typically indicates increased interest and important price levels.
3. #RSI (Relative Strength Index) - Measures overbought/oversold conditions in the market. Values above 70 = overbought, below 30 = oversold.
4. #MACD (Moving Average Convergence Divergence) - Shows relationship between two MAs to identify momentum and trend changes.
5. Bollinger Bands - Volatility bands that contract during consolidations and expand during price breakouts.
6. Ichimoku Cloud - Identifies support/resistance levels, momentum, and trend direction. Made up of multiple lines/indicators.
7. Stochastic Oscillator - Measures overbought/oversold conditions like RSI but with different formula.
8. #Fibonacci Retracements - Key Fib levels identify support/resistance zones especially for pullbacks/corrections.
9. Candlestick Patterns - Formations like Doji, Hammer, etc. indicate potential reversals or trend continuations.
10. Trend Lines - Connecting swing highs/lows to identify uptrend/downtrend and potential breakouts.
Mastering these top 10 indicators can greatly improve a new #crypto trader's market analysis and trading strategy.