On indicators vs. the naked chart, especially for USDTHB
Been pondering the utility of traditional indicators lately, especially on pairs like $USDTHB. While I appreciate the objective signals an RSI or Stochastic can provide, I'm increasingly convinced that for more volatile or less liquid pairs, a clean price action read gives a more honest picture. We're seeing $USDTHB hover around the 33.57 mark today, having touched 33.67 earlier, and honestly, trying to fit an MACD divergence onto that feels like a forced narrative when the supply/demand dynamics are screaming something else. The intra-day range between 33.51 and 33.67 seems more relevant than any indicator trying to smooth it out. For me, anticipating turns and continuations has become less about colorful lines and more about recognizing momentum shifts and key levels. Am I missing something fundamental, or is the indicator-heavy approach often an overcomplication when the market itself is giving clearer signals?
I'm with you on this. For less liquid pairs, the usual indicators can often lag or give whipsaws that aren't truly reflective of underlying pressure. Do you find your naked chart approach involves more attention to specific candle patterns or simply overall price structure and support/resistance?