Binance Trading Tools – Binance Technical Analysis – [Part 1]
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Binance trading tools and indicators are often overlooked by crypto traders, but for those who use these tools, it’s like getting the answer key for free.
The ETH/BTC 1-day chart over the past 9 months proves the reliability of MACD used in conjunction with RVI. Here are the simple rules to follow to predict future price movements;
Moving Average Convergence Divergence (MACD)
MACD is a trend specific momentum indicator. The Binance default calculates the MACD line (green line) by subtracting a 12-day exponential moving average from a 24-day exponential moving average. The trigger-line (blue line) is a 9-day exponential moving average. Exponential moving averages are unique in that the current price carries more weight in the calculation than do older prices, therefore making the indicators quicker to respond. The red histogram is another interpretation showing the relationship between the two lines (the histogram is in the positive when the trigger-line is above the MACD line).
Interpretation:
Buy when the trigger line crosses above the MACD line (histogram goes from negative to positive)
Sell when the trigger line crosses below the MACD line (histogram goes from positive to negative)
Overbought/oversold conditions are indicated when the trigger line is abnormally far away from the MACD
Divergence- when price makes a new high but MACD fails to make a new high and vice versa
Relative Volatility Index (RVI)
RVI is a confirming indicator used to determine the direction of volatility. Used in conjunction with MACD, many false indicators could be ruled out as shown in the Etherium one day chart. RVI has the same calculation process as Relative Strength Index except it uses a 10-day standard deviation of high and low prices instead of period to period price changes. This gives RVI the unique and unrelated characteristics of other momentum based indicators, making it superior for confirmations.
Interpretation:
Buy signals confirmed when RVI greater than 50
Sell signals confirmed when RVI less than 50
Missed buy signals should be executed if RVI rises above 60
Missed sell signals should be executed if RVI falls below 40
Long-term positions are best taken with low RVI
Short-term positions are best taken with high RVI
Bollinger Bands
Bollinger Bands are made up of a moving average (middle line) and an upper and lower band which are the moving average offset by 2 standard deviations. There are many applicable strategies for the use of Bollinger bands but when used in addition to the above indicators, keep these signals in mind.
Interpretation:
Price bounces between the upper and middle band confirm a bullish trend
Price bounces between the lower and middle band confirm a bearish trend
Sharp price movements usually occur following tight contraction of the bands
Widening of the outer bands indicates a continuation of the current trend
Conclusion:
Use of these 3 tools will yield somewhat reliable buy and sell signals but not an independently reliable guide. Chart patterns still play a major role in price movement, for example, the descending triangle and double peak are shown on the Ethereum chart. It is immensely important to combine fundamental analysis with these techniques to develop a consistently reliable system. Happy Trading!
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Me chamo Felipe Trader e moro aqui em São Paulo. Comecei no forex a 6 anos atrás e hoje vivo somente do meu trading diário. Aqui no blog conto pra você as ferramentas e serviços que uso pra ser lucrativo.
Can this be used for Binance futures trading for day trading?
Only my binance account BTC coin show but other coin not show,such as ustd,p2p,spot not show…you Can solve it.I can not show spot coin.please help me
🧏♂️₿ TC price is prone to volatile swings, making it historically popular for traders to speculate on . According to bitcoin halving cycles, there should be at least other 4 months in this bull run, so, if the PI indicator (and Bitcoin) might repeat a similar bull run to 2013. That would mean a local top relatively close in time and then another top to end the bull run towards mid year. lnvestors and traders find it difficult to decide how best to utilise the current Market, hodling is profitable but tradlng is far more profitable. I was able to grasp the knowledge of tradlng crypt0 assets early enough, I didn’t think it was possible to make constant win from tradlng till I came across Haroldfxtrade on IG program for lnvestors/newbies who lack understanding on how tradlng B TC works, to help them stack up more Bit¢σ!и, since late last year till date I have made over 19₿TC from 2.6₿TC with Haroldfxtrade…
Wow, Very Insightful content However personally I feel,
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Nice video! Very engaging from beginning to end.
https://youtu.be/HzA0sO-OMbI
Another great video but you also need a bit of experience in using the indicators and other tools to gain unvarying profits.
You were spot on with how there could be a consistent decline if the support line was broken.
So, an RVI <40 or above >60 can't be used for confirmation? Thanks for this vid. I'm new to this space, but I'm in the business of analytics. 🙂 You're explanation was fantastic.
DOGE TA GOT ME HERE
Hi! Thanks for the video. Dumb question tho, does this work with stock trading too?
I don't understand english talking… How can i understand this video
Mate! Thank you sooo much for making the video and sharing online. You are a gentleman and a scholar. It's hard for met to read the dark graph but overall an absolutely sterling video! God speed!
i cannot find rvi indoicator in binance
with binance how do i merge the indicators into one bar not seperate! argh been trying for hours, is it possible?
How to save a layout please with all indicators so I do not need to setup it always again. Thanks a lot
I use the MACD with RSI. Great combination to get the confirmation of the trend. The RSI is an good indicator for the momentum of the trend.
Cardano saw a breakout from a symmetrical pattern , but bullish conditions were not enough for a move above $1.45. Ontology needed to maintain its $1.5-support level to avoid an extended sell-off, while BitTorrent remained within a descending pattern . Finally, VeChain can be projected to reach $0.150 if the price breaks north of its descending channel. A move from the upper trendline of its symmetrical shape showed an immediate breakout of 6.8%. Cardano maintained its upward trajectory over the last 24 hours as well, with the pr!ce overturning the resistance level at $1.34. This looked encouraging but ADA’s market was not bullish enough to support a breakout above $1.45. For one, the 24-hour tradlng volumes saw a dip of 16% and lower activity meant lower gains. The MACD line maintained its position above the S!gnal line and the half-mark. Before ADA’s next upswing, some rangebound movement can be expected and the bulls would likely defend the $1.27-support from any bearish pressure. I have been making good returns and profit on my digital assets !nvestment through Burwell Coleman's daily trad:e s!gn@ls and the program he runs. He has the secret to all my tradlng success and his tra'de siginals are top of the game and also profltable. Obviously, he's the best and his free-trade courses which can be found on the internet is a handy tool for serious minded traders, you should check him out if you want to be profitable in your crypt0 !nvestment. You can reach him on wha:ts:aap (+44 7723 022159) OR g-Ma-il (burwellcolemanfinance@gmailcom) for more on trading courses…
This is cool and all but it's better if you focus on the edge and have prediction on possible projection because what you have mostly talked about had already happened. So i think its better if you made predictions with this formula and see the actual result after that and see how potentially close you are or far you are and why.