Bitcoin | Back To Basics Part 3: Moving Averages Cross Over
Updated
We are going back to basics. These are the lessons I used to share in 2018.
The black line stands for MA200.
The magenta line stands for EMA55.
MA200 is a slow moving moving average.
EMA55 is a fast moving moving average, in comparison to MA200.
➖ The bullish cross
When EMA55 moves above MA200 we have a bullish cross. This is a bullish signal.
Here it happened in January 2023 and October 2023, in both cases this signal preceded a major rise in prices.
➖ The bearish cross
When EMA55 moves below MA200 we have a bearish cross. This is a bearish signal.
Here it happened recently, mid-August 2024. This signal points to a major decrease in prices.
These basic signals support all the more complex analyses I've been sharing.
There are many of these. I can find literally hundreds.
➢ If you have experience or have been with me for many years you will find this boring.
➢ If you are new, you might find this useful.
➢ If you've been burdened by too much information, too many opinions and complexity, you might find this enlightening and soothing for your mind.
In any case, please support this trade-idea with your comments and boost.
Thank you for reading.
Namaste.
The black line stands for MA200.
The magenta line stands for EMA55.
MA200 is a slow moving moving average.
EMA55 is a fast moving moving average, in comparison to MA200.
➖ The bullish cross
When EMA55 moves above MA200 we have a bullish cross. This is a bullish signal.
Here it happened in January 2023 and October 2023, in both cases this signal preceded a major rise in prices.
➖ The bearish cross
When EMA55 moves below MA200 we have a bearish cross. This is a bearish signal.
Here it happened recently, mid-August 2024. This signal points to a major decrease in prices.
These basic signals support all the more complex analyses I've been sharing.
There are many of these. I can find literally hundreds.
➢ If you have experience or have been with me for many years you will find this boring.
➢ If you are new, you might find this useful.
➢ If you've been burdened by too much information, too many opinions and complexity, you might find this enlightening and soothing for your mind.
In any case, please support this trade-idea with your comments and boost.
Thank you for reading.
Namaste.
Trade active
Bearish cross over confirmed. Bitcoin is now moving lower and gaining in bearish momentum.
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🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
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