Do you want to lose money?

If YES, trade with indicators.

As a trader, if you want to blow your account use trading indicators.

Using indicators as a trader is a scam.

The easiest way to blow your account is to make trade decisions using trading indicators.

What if I say you don't need to be a chart guru to be profitable in crypto...

The gist is, what makes the profit in crypto is simple.

Not the complicated crazy chart📉📈 lines you often see in traders computer or in trading view.

It make sense to say that trading with indicators put you in box that makes it very easy to lose your money.

What you need to know is that, companies who created those indicators are also traders, if it's a perfect one, they won't make it public.

They will use it to suck all the money or liquidity in the market.

But they push out there as way to predict the trading actions of retail traders.

Don't believe me, read to the end.

What if institutional traders and hedge funds companies are trading against traders using indicators, mostly retail traders.

Here is why...

If 5000 traders are using bollinger bands indicator to identify market trends.

It simply means that the 5000 people are going to end up with thesame results.

Let say the Bollinger bands suggest that the market trend is bullish📈 at certain price zone.

All the 5000 of them will open long positions.

Remember, these indicators were created by trading firms and institutional hedge funds.

So, the moment they saw that 5000 traders who in most cases are retail traders are going long on the market.

What do you think the action of institutional investors and hedge funds companies who created those indicators and convinced you to believe it's always a winning strategy will be?

Apparently, they will short the market.

Why?

(1) The 5000 retail traders are going to be demand.

(2) The institutional traders are going to be supply.

(3) The number (1) is making his trading decision using the indicator.

(4) The number (2) is making his trading decision using only price actions and in most cases the data the indicators feed them - in the case the instructional investors or traders are the creators of the indicators.

(5) The 5000 retail traders will be trading against the very few institutional traders and hedge funds companies who are armed with large capital.

Who do you think will lose?

Obviously, retail traders.

That's why most times, using indicators can be the easiest way to lose and be frustrated in the crypto industry.

Not excluding forex, stock, option and futures traders.

In sum, most profitable traders don't use indicators.

They make trade decision mostly using fundamental analysis and technical analysis.

However, the technical analysis is not the complicated and sophisticated drawing of multiple lines on chart using bunch of indicators.

The aspect of technical analysis they focus on "Price Actions" and Volume.

When you talk about Volume, you talk about learning how to read candle sticks.

And when you talk about price actions you talk about three things;

(1) Demand and supply

(2) Support and resistance.

I won't go into details sharing how you can be profitable using volume and price actions to identify the best trade to take.

Side Note, I'm not saying indicators aren't a great way to identify what to buy or sell in the market.

A few indicators are.

But you need to understand that most indicators are lagging indicators.

Meaning that it only read the market after a buy or sell move is made by bidders or ask.

As such, there will always be a lose end.

Don't miss understand me.

Very few indicators do work but many dont

Also of the fact that volume & price action is the most accurate way to know who is buying and when they're buying.

There Is no more accurate way to know that.

And no indicator bits that.