If you have started crypto trading and you are ready to take it to the next level, we are here to help. Here’s our guide on how to leverage the most effective crypto trading signals to buy BTC & ETH instantly.
Trading volume is the most basic indicator available. It shows trading activities during a specific time slot, represented by bars and charts.
Due to its simplicity, most traders have often overlooked it. What the pro traders do not want you to know is that volume presents a lot more information than what you see originally.
Here is what you need to know about the volume:
The color of the volume bar doesn’t represent buying or selling. It just follows the color of the candles it represents. By default, if a candle closes above the open, then the candle and volume bar will indicate a green color. If a candle closes below the open, then the candle and volume bar will indicate a red color.
So, as a trader, you need to carefully watch what the volume is telling you.
News or changes in macro-economy are important trading signals that tremendously help traders if they want to buy Bitcoin or Ethereum with fiat currency.
News is an extremely important factor when investing in any asset. Bad news can drop the prices and good news can cause incredible price hikes. So, as a crypto investor, make sure to keep yourself updated about what is happening in the crypto world to earn the most out of your cryptocurrency investment.
Mathematical indicators are used on the trading charts. They analyze, digest, and churn out the data in a readable form that is used by the traders/investors around the world to beat the market and make money.
Divergence is one of the most popularly used indicators globally.
What is Divergence?
Divergence is a separation of two lines or paths.
While prices move one way, other indicators can move in the opposite direction. Professional cryptocurrency traders always look for divergence because it can give key trading signals to support market analysis.
There are four types of divergence-
a) Bullish Divergence- where price prints are lower low, but the corresponding indicator prints a higher low.
b) Hidden Bullish Divergence- where price prints are higher low, but the corresponding indicator prints a lower low.
c) Bearish Divergence- where price prints are higher high, but the corresponding indicator prints a lower high.
d) Hidden Bearish Divergence- where price prints are lower high, but the corresponding indicator prints a higher high.
These are some of the cryptocurrency trading signals that give you helpful trading suggestions to buy and sell cryptocurrency on the best BTC trading platform at a certain price and time. If you want to be an independent crypto trader and find real success whenever you buy cryptocurrency with fiat currency, you need to learn the art of crypto trading.
If you want to leave the whole decision-making process in the hands of professionals and if you don’t have enough time or experience to analyze the crypto market, Shiftal’s support team can help and guide you on how to buy Bitcoins and Altcoins with fiat currency.