Which indicators or signals should I consider when deciding to short on gdax and make informed trading decisions in the world of digital assets?

1 answers

• Nov 23, 2021 · 3 years ago
  Shorting on gdax or any other digital asset exchange requires careful consideration of indicators and signals. One important indicator to consider is the Bollinger Bands, which can help identify potential price volatility. When the price touches the upper band, it may indicate an overbought condition and a potential shorting opportunity. Another useful signal is the presence of bearish divergence on the Relative Strength Index (RSI). If the price is making higher highs while the RSI is making lower highs, it could suggest a potential price reversal and a good time to consider shorting. Additionally, paying attention to the trading volume and any significant sell orders can provide insights into market sentiment and potential shorting opportunities. Remember to always conduct thorough analysis and consider multiple indicators before making any shorting decisions on gdax or other exchanges.
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