Tradingview Free Tools that I Use:
EMA 8 (shows the moving average--in this case, for every 8 days)
EMA 48
EMA 200
Fib Retracement A good way to pick out support/resistance levels-- pay attention to where these line up with, or are close to, big round price numbers that people tend to use: on this chart, 0.00038, for example.
Volume Buy or sell volume should increase decisively--because people take sudden interest--when the asset is about to break through support/resistance levels or trendlines. Volume should confirm what you think is about to happen, and can be used to note divergences.
RSI Not shown on this chart. This is the tool you use for two reasons: (1) Shows when an asset is overbought or oversold, (2) Compare trendlines on RSI to trendlines on chart to look for bullish or bearish divergences.
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If anyone thinks I'm doing this wrong or has any pointers, please comment! I like to learn.
EMA 8 (shows the moving average--in this case, for every 8 days)
EMA 48
EMA 200
Fib Retracement A good way to pick out support/resistance levels-- pay attention to where these line up with, or are close to, big round price numbers that people tend to use: on this chart, 0.00038, for example.
Volume Buy or sell volume should increase decisively--because people take sudden interest--when the asset is about to break through support/resistance levels or trendlines. Volume should confirm what you think is about to happen, and can be used to note divergences.
RSI Not shown on this chart. This is the tool you use for two reasons: (1) Shows when an asset is overbought or oversold, (2) Compare trendlines on RSI to trendlines on chart to look for bullish or bearish divergences.
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If anyone thinks I'm doing this wrong or has any pointers, please comment! I like to learn.
13, 48, 200 these are the EMAs I always use.