Quote (ofthevoid @ Dec 8 2020 12:27pm)
Technicals alone are trash.
I have found some things fairly useful and you get better at seeing some things.
From my personal experience, I have found some indicators like RSI and MACD to work partially. The moving averages also are pretty useful. I have the 200, 50, and 20 on mine. Sometimes when a stock is dropping and I'm looking for a potential entry I have found that they tend to stick to some of these moving average floors. Like it's pretty incredible how sometimes you'll be watching the daily tape and you will have a channel drawn and it literally will kiss the upper bound and get rejected or bounce off the lower bound when it's dropping.
Macd, rsi, bbands, are all my crypto bot uses and it works great for minute trading.
I run the same analytics pattern on stocks, but it's a different animal. Usually have to cross reference with earnings reports, and us politics.
Read today FCC handing out free money to broadband providers again, Starlink among them. Century Link as well, they seem to eat $$
This post was edited by RedFromWinter on Dec 8 2020 11:30pm