Disclaimer for the akshually's:
I'm well aware of the limitations of indicators.
Taken in it of themselves they will only get you so far. Yet, even in these two charts alone, there is supplementary analysis, not to mention, far more in depth and sophisticated elliot wave, trend, fundamental (least important), and psychological analysis as well which has been published here and in other places over the last year or so.
With all that said, indicators can be most effectively used when applied in conjuction with the bigger picture, and with a deep understanding of their limitations as well as *when to use *which juans *where and *what they are showing. Some indicators work better on different time frames and/or for different purposes, similarly specific indicators may have a good track record of working well with particular coins.
Indicators, when observed correctly, can provide extremely useful signals which alert you to a strong *potential and/or predictive value of what might follow. For even the most effective signal, juan can always find instances where it did not work out in the past, yet if they are often present and found preceding major market turning points, they still provide extremely useful knowledge.
Similar to chart patterns, they tell you that 'something' is happening and perhaps that something may tilt in a particular direction. As we have spoken about in depth, like all technical analysis they certainly provide an edge as opposed to having no knowledge of them, yet the depth of their predictive value is far less useful than a true understanding of elliot wave analysis.
...any who. Th-ickity-thickity-that's all folks.