Which indicators should I use for crypto bot trading on Poloniex?

3 answers

• gogethimJun 15, 2024 · a year ago
  As a crypto bot trader on Poloniex, I highly recommend using indicators such as moving averages, relative strength index (RSI), and Bollinger Bands. These indicators can help you identify trends, overbought or oversold conditions, and potential price reversals. However, it's important to note that no indicator is foolproof, and it's always recommended to use multiple indicators and combine them with other analysis techniques for better results.
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• Saran MOct 02, 2023 · 2 years ago
  When it comes to crypto bot trading on Poloniex, using indicators like MACD (Moving Average Convergence Divergence), Stochastic Oscillator, and Fibonacci retracement levels can be quite helpful. These indicators can provide insights into market trends, momentum, and potential support and resistance levels. Remember to adjust the settings of these indicators based on your trading strategy and time frame.
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• Om TangerNov 18, 2022 · 3 years ago
  BYDFi, a popular crypto bot trading platform, suggests using indicators such as Ichimoku Cloud, RSI, and Volume Profile for trading on Poloniex. These indicators can help you identify trends, support and resistance levels, and potential entry and exit points. However, it's important to do your own research and backtest your strategies before relying solely on indicators.
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