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Cryptocurrency indicator: deciphering the secrets of successful trading Let's say you have opened an application for trading cryptocurrency. The graph is moving. The numbers are flashing. The price is going up and down. When should you buy? When should you sell?

That's where a trading indicator comes in. Indicators help traders make sense of this madness. For a #cryptocurrency beginner, understanding indicators is like a map in an unfamiliar #city . Without an indicator, you will get lost. With one, you will be able to navigate the market with confidence.
This guide will show you the most useful trading indicators, how to use them and how to combine them for better results.
There are dozens of indicators, but the three most popular ones Start with: Think of RSI as the "hype meter" for a coin; RSI will tell you if a cryptocurrency is overbought (too much hype) or oversold (no one wants it);
If RSI is above 70, the asset is overbought;
If RSI is below 30, the asset is oversold.
Example: The RSI for #bitcoin has reached 80. It means that too many people have been buying bitcoin lately. The price may fall. A smart trader can wait for the RSI to cool down before buying.
MACD helps traders notice changes in the trend. When the fast moving line crosses above the slow moving line, it is a buying opportunity. A crossover below is a sell signal. Example
: The MACD line crosses above the signal line. This indicates the beginning of an uptrend. Traders may decide to buy before the price rises further. Moving averages smooth the price movement and help to determine the trend. Simple Moving Average (SMA): the average of past prices over a period of time. Exponential Moving Average (EMA): similar to the SMA, but the most recent price is more important.
e. g.. If the bitcoin price is above the 50-day moving average, it indicates an uptrend. If it is below, it indicates a downtrend.
Read us at: Compass Investments

In this article. After the Alcoa plant closed, Rochdale's economy was in decline, but the advent of bitcoin mining changed everything, bringing jobs and investment.

Bitcoin miners have poured more than $1 billion dollars into Rochdale, paying high taxes and supporting local causes like schools, police and community events.
#Bitcoin #mining is booming across Texas, creating more than 22,000 jobs, and new businesses in cities like Corsicana promise further growth. The small Texas town of Rockdale was an economic disaster in 2008. The Alcoa aluminum smelter, once the town's largest employer, closed due to rising energy costs and new regulations. The smelter, which began operations in 1952, supported Rockdale's economy for decades, providing jobs and tax revenue. When the smelter closed, hundreds of jobs were lost and families were forced to leave. The city's tax base collapsed, hitting public services like schools and parks. Rochdale seemed to have hit rock bottom. When bitcoin came along, Rochdale's fortunes changed. The energy infrastructure left behind by Alcoa was the perfect place to mine bitcoin. The power plants and power lines were still in place, providing cheap and abundant energy for bitcoin miners.
It wasn't long before bitcoin mining companies began their operations, breathing new life into Rockdale. Ward Rodham, the city's mayor, says, I wasn't sure about the miners. Does bitcoin exist?. Does bitcoin exist?.
Like many Texans, he had his doubts. But after several years of working closely with the industry, he became convinced of the benefits of bitcoin mining.
Bitcoin miners came to a #city that had lost its main economic engine and began creating jobs.
Hundreds of people were employed in middle-skill jobs, giving residents the opportunity to earn an income without leaving Rockdale.
Mining companies poured more than $1 billion into the city - a huge amount for a city that had lost so much.
Is this really how people who don't care about rural Texas behave? No, Rodham says.

Read us at: Compass Investments
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