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On indicators for ETH - are we over-complicating things?
It's always amusing to see the sheer number of indicators people slap onto their charts, especially in crypto. We've got folks running scripts that look like a spaghetti factory exploded, all to predict what $ETHUSD will do next. Meanwhile, it seems like sometimes just looking at the daily candle action around something like 1900 or the recent range high of 1928.5431 tells you a good 80% of what you need to know. Am I completely missing the magic, or are we collectively making this harder than it needs to be with all the fancy overlays? Change my mind.
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While simplicity has its merits, I'd question if pure price action alone accounts for market depth and broader sentiment shifts, especially in volatile assets like ETH. Aren't there at least some indicators that provide valuable context beyond just candle close?