Moving averages act as great tools for identifying trend.
Large period moving averages are best to use, for example 200EMAs are good to use for this reason.
If price is travelling below a descending 200EMA, it’s valid to say that price is trending downwards, which means look for sell opportunities.
The opposite applies if price is travelling above an ascending 200EMA.
Price is trending upwards and it would be sensible to look for buy positions.
When price crosses the EMA, it shows us that there is a change in trend... stick to your plan and don’t trade just based on the trend direction.
It can change in an instant!
@CryptoTrades #education #movingaverages #ema #signals #cryptotradespremium
Large period moving averages are best to use, for example 200EMAs are good to use for this reason.
If price is travelling below a descending 200EMA, it’s valid to say that price is trending downwards, which means look for sell opportunities.
The opposite applies if price is travelling above an ascending 200EMA.
Price is trending upwards and it would be sensible to look for buy positions.
When price crosses the EMA, it shows us that there is a change in trend... stick to your plan and don’t trade just based on the trend direction.
It can change in an instant!
@CryptoTrades #education #movingaverages #ema #signals #cryptotradespremium
Moving averages act as great tools for identifying trend.
Large period moving averages are best to use, for example 200EMAs are good to use for this reason.
If price is travelling below a descending 200EMA, it’s valid to say that price is trending downwards, which means look for sell opportunities.
The opposite applies if price is travelling above an ascending 200EMA.
Price is trending upwards and it would be sensible to look for buy positions.
When price crosses the EMA, it shows us that there is a change in trend... stick to your plan and don’t trade just based on the trend direction.
It can change in an instant!
@CryptoTrades #education #movingaverages #ema #signals #cryptotradespremium
Large period moving averages are best to use, for example 200EMAs are good to use for this reason.
If price is travelling below a descending 200EMA, it’s valid to say that price is trending downwards, which means look for sell opportunities.
The opposite applies if price is travelling above an ascending 200EMA.
Price is trending upwards and it would be sensible to look for buy positions.
When price crosses the EMA, it shows us that there is a change in trend... stick to your plan and don’t trade just based on the trend direction.
It can change in an instant!
@CryptoTrades #education #movingaverages #ema #signals #cryptotradespremium
When I use exponential moving averages I prefer to set Fibonacci numbers. It doesn't really make any difference if you use 20 or 21, 30 or 34, 50 or 55 for your EMA. But for higher values they work magically.
At 1H timeframe BTC price spent 2 days at 987 EMA and now came back to it. This time 233 EMA joined from below. Another factor for a bounce. And another factor to expect a huge dump if that level is lost. All together makes it an important SR zone.
@CryptoTrades #BTC #Bitcoin #EMA
At 1H timeframe BTC price spent 2 days at 987 EMA and now came back to it. This time 233 EMA joined from below. Another factor for a bounce. And another factor to expect a huge dump if that level is lost. All together makes it an important SR zone.
@CryptoTrades #BTC #Bitcoin #EMA