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Moving Averages

Simple Way to Read Oversold/Overbought Without RSIThis is how u can tell if a market is oversold (or overbought) by reading price and using our little 14EMA friend After price has a large push down (or up) like you can see in the yellow circles, it retraces up to the green circles In example 1, this yellow circle was right on the close of a huge bearish 4h engulfing. Perfect example to see how it is oversold by seeing the large gap between price and the 14 cyan coloured EMA And the following day we see this happen again in example 2. price pushes fast away from the 14EMA and therefore it needs to breath and retrace a little. No body can continuously sprint, neither can markets! "After big drop, markets must chop" Whether or not you have RSI on the charts, it is good to know when a market is oversold or overbought because nobody likes entering and seeing the trade go immediately negative, only to see it later where you thought after you closed in a loss Another cool term for a temporary up trend in an overall down trend is a dead cat bounce! This is a very very short term version considering we are looking at the 15m tf here ~ The trend is your friend and so are retracements ~
Education
by beank1
The importance of the trend: Moving AveragesHello friends, With how bitcoin has been so consistent in taking a dump the last few months (ETH even better!) I feel it is important to remind everyone the importance of being able to recognize the trend. There's a lot of things to consider when determining the outlook of the market and the trend of price is a biggie. In this example, the moving averages are all bearish. How do you tell? It's whenever the average is lower when it is faster. When the 200ma > 100ma > 50ma, you have bearish posture. The reverse is true for bear markets. If you'll notice, during this bear market, we have been testing and failing the 200 average regularly. It is a key level in the markets. Just a quick reminder/lesson for you all. The trend is very important to identify in trading because when you're neutral, it gives you a little favorable bias. And a little favorable bias can make a big favorable return :) Hope you learned something. -YoungShkreli
COINBASE:BTCUSDEducation
by CantorTechnologies
Using/Delaying McGinley Dynamic seeding to chart parabolicsc.mql5.com In summary: McGinley believed moving averages are not supposed to be used as a trading signal, and instead identify the main trend. The formula is designed to go slower when price is trending up, and faster when price is trending down, to mimic how investors react to market movements. This does not work when an asset starts at a low price then rises astronomically. Unless Gann and friends are right about markets having full cycles, I don't believe bitcoin will be under $100 any time soon. Therefore x bars are ignored to give a usable McGinley Dynamic. As a trend identification tool, the McGinley Dynamic will trail far behind during forceful uptrends. The utility created here is based on the assumptions that: Less the extremely parabolic assets, an uptrend will retrace eventually to the McG, and the trader using McG understands that the moving average trails far away to keep a trader secured in position by slowing down for movement upwards The trading strategy employed is not based solely on moving averages Like all moving averages, McG will always suffer in terms of giving clear trading signals when the trend is too strong, too weak, too volatile, etc. vs a coincidental/leading indicator Length chosen should be 60% of your chosen MA to account for lag. In this case, a McG of 15 is equal to a 25 EMA (as TradingView uses EMA as the base MA for McG). Bars ignored should be before an uptrend, and only ignored up to where the MA is usable for the particular ticker. Something I have noticed is to be cautious when publishing ideas or sharing charts with indicators that weren't intended for sharing, especially for those who do not have the ability to publish invite-only scripts. While scripts are not meant to be copied straight off a chart, in rare cases there are ways to grab an indicator for self-use when the author did not intend such. As a first step preventive measure and self-incentive to keep scripts updated, it would be ideal to apply a 'expiration date' using the timenow function to published and nonpublished indicators that are accessible to the public. Although indicators are mostly derivatives of each other (except my stuff, I'm a real snowflake), there are many such cases in which seemingly 1:1 copies pop up, and there is no real way to identify who is in the right, if anyone even is. It is possible (and not uncommon) for indicators to be 'replicated' just by coincidence, so that should not be ruled out either. Example of McGinley Dynamic outperforming an EMA in the whipsaw department: Formula as described by Investopedia: MD = MD-1 + (Index – MD-1) / (N * (Index / MD-1 )^4) where MD-1 is the previous period's moving average, N is length, and index is price source. Adjustments can be made to the formula to optimize, but at what point do you scrap it and move on to other, more appealing methods? The wide berth that McG gives is not very useful over candlestick analysis for near instant reversal identification.
BNC:BLXEducation
by NeoButane
TradingView's First Intelligent Indicator!The Moving Average is the most used indicator on the planet, yet no one really knows what pair of moving average lengths works best in combination with each other. A reason for this is because no two moving averages are always going to be the best on every instrument, time-frame, and at any given point in time. This will no longer be a problem because this free to use indicator will plot only the most profitable pair of moving average on your chart when it is applied and it will update when a different combination of moving average lengths becomes more profitable . This will be the first of a series of indicators that self optimise in real-time called the "Intelligent Series (AI)". If you like this concept, you will like the indicator. Also, please like this if you wish to support my endeavours as a contributor and wish to see more intelligent indicators as it is a lot of work. Comment down below your favourite technical indicator that you want to become intelligent!
SP:SPXEducation
by GrantPeace
25
A simple investing strategy.Here is a simple strategy, or at least something to help build a bias. I have not looked that much into it but I checked charts and it worked ALL THE TIME FOREVER AND EVER. I did not want to share anything lately, but seing how idiotic the cryptoers are, how there have been a new bubble every 5 years for the past 400 HOW ARE PEOPLE THAT STUPID HOW DO THEY KEEP FALLING FOR THIS MOOONKEYS! My top strategies (short term) have worked forever (no one figured them out really? or?), I got some that are completely unrelated totally different strategy with different tools to feel completely safe, but ye I am not too worried now, so I can share (not my top strategies thought, these are top secret). Got one with 70% winrate and a RR of 2 that's probably the best strategy ever invented by mankind or just made public lol. Oh it is my worse one. You can check what MA200 daily gives, but EMA15 on monthly chart is so much better. When price is clearly above it you could keep opening long swing trades for years and win right? Or buy short term when it gets visited, perhaps. You might have heard of the rule with the daily MA200 Works 60% of the time everytime. But with EMA 15 it works 90% of the time everytime (I do not know actual numbers have not really tested this strategy). Can be improved of course, just an example and something that might be useful. Stock market has a bull bias, so best to be more selective with short. Or not short at all Oh and if you are thinking "meh I want 50000% gains on my 15$ investment this is bad", this works with billions of dollars np. Maybe I'll use this when I made huge GAINZ from short term trading FX & indices. And the moment you've all been waiting for: Hey, works even better with the 3 month chart:
BITSTAMP:BTCUSDEducation
by MrRenev
4
Moving Average, MA Ribbon (Cloud)Rundown of the options for the moving average indicator. Plot MAs of your choosing Plot ribbon/cloud of MAs MA options Simple Moving Averages Exponential Moving Averages Double Exponential Moving Averages Symmetrically Weighted Moving Average Weighted Moving Averages Volume-weighted Moving Averages Moving average used in RSI Arnaud Legoux Moving Averages You can also plot an envelope around the MA cloud at a custom percentage. MA lines can be colored by the slop of the line or its position relative to price. 10 MA Shaded ribbon colored by slope 10 MA Shaded "cloud" colored by its relative position to price with 4 MAs Link to the indicators Moving Averages MA Ribbon Referral Links Bitmex 10% fee discount for 6 months www.bitmex.com TradingView (50% off after trial period ends) tradingview.go2cloud.org Tip Jar BTC: 1FgEeDDMF7QKydQPJVCDjp7ypjREp8XG6c LTC: LM9KsXz7GUxCN9g9EjTC8ayviDEmBK14rw
NASDAQ:TSLAEducation
by SemiQuant
HOW does a Moving Average work? #EZ-Learning by EXPLANATIONHey tradomaniacs and becoming traders, here some more education for you and especially for those who started trading and heared about that weird thing called Moving Average. I hope you enjoy it and learn something. If you need more education just check my videos and posts tagged as education. Peace and happy learning Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? Need more? PM me. :-)
BITFINEX:XRPUSDEducation
by Trading2ez
1
ES 200 SMA LONG (2018) Part 5The entry of 2614.00 is based on the previous day close of the 200 SMA Stop loss is 2 ATR from the entry. Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1. Trading Plan: 1. Set Stop loss(2531.50) 2. Sell half at Profit target #1(2696.50) 3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry. (2655.25) 4. Sell the remaining half at the resistance. closing of the red candle on 21 March 2018 (2716.25) *Final Note: Hello everyone!! If you notice the 5 instances, the stop loss do not have to be 2 ATR. With just 1 ATR, you will not get stopped out in any of the 5 trades. Therefore it easily increases your Reward to Risk ratio by 2 fold. I hope you managed to learn a pointer or two out of it. Always trade with a plan and have your stop loss in place once you are in the trade. Goodbye, take care and God Bless.
CME_MINI:ES1!Education
by UnknownUnicorn1822930
ES 200 SMA LONG (2018) Part 4We always wait patient for the trade to come to us rather than chasing the trade. Previously on Part 3, we missed the trade by a thin margin of 2.25 points. The market bounced back up and retrace back down. Luckily it presented an opportunity for us to enter the trade. The Profit target #2 is identical to Part 3 Profit target #2 as price action did not reach to that area previously. (2718.00) The entry of 2588.50 is based on the previous day close of the 200 SMA Stop loss is 2 ATR from the entry. Profit target #1 is 2 ATR from the entry, giving you a reward to risk ratio of 1:1. Trading Plan: 1. Set Stop loss (2482.00) 2. Sell half at Profit target #1(2695.00) 3. Once Profit target #1 hit, shift stop loss to 1 ATR above your entry. (2641.75) 4. Sell the remaining half at the resistance. closing of the red candle on 21 March 2018 (2718.00)
CME_MINI:ES1!Education
by UnknownUnicorn1822930
Trading Strategy for Parabolic Markets [Part 1]I recently watched this podcast with Tone Vays. Tyler Jenks was the guest and he started out by saying: "This is the greatest opportunity I have seen in financial markets." It just so happens that I have been studying parabolic theory as it relates to hyperwaves. I am using that information to develop a trading strategy that is aimed towards capitalizing on parabolic moves. I will be using Tyler Jenks' hyperwave and consensio theories, Welles Wilder’s RSI, ADX and Parabolic SAR indicators, as well as Parabolic theory from Spyfrat’s Call. The TD' Sequential and Ichimoku Clouds will also be used to a much smaller degree. Below I have outlined the indicators/theories that are being used, my approach to entries, four options for a trailing stop loss in a parabolic market and a rudimentary price target calculation. If you are not interested in the minutia of my approach then feel free to skip straight to part 2 where positions will be outline. I have identified 5 stocks that are currently in a parabolic state and one that is primed to start one. Entries, stop losses and risk:reward calculations are provided for each. Three strategies for implementing trailing stop losses have also been included. Consensio Used to identify bull and bear markets. If price is above the MA’s and the shorter term MA’s are all above the longer term MA’s then it is a bull market. If the price is below the MA’s and the shorter term MA’s are below the longer term then we are in a bear market. Hyperwave Parabolic Burst Continuation 30-prd RSI is used rather than the more commonly used 14-prd RSI If 30-prd RSI reaches 70 level, stock is in parabolic status The best setup is when both Weekly RSI and Daily RSI reach 70 with the weekly RSI > Daily. If both weekly and daily RSI are in parabolicy state but the daily RSI overtakes the weekly RSI the asset is said to be in a ‘Parabolic High Risk’ (PSR') state. Indicates that asset is at a high risk of a major correction (paraburst) If both weekly and daily RSI > 80 (regardless if w > d), the asset is said to be in ‘Extreme Parabolic High Risk’ (ePHR) state. Source ADX and DI ADX measures the strength of the trend. If < 20 then no trend exists. If > 25 then strength of trend is building. Horizontal lines can be drawn on the ADX to indicate when the move is becoming exhausted. Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), together these measure trend direction. If +DI > -DI then trend is bullish. If +DI < -DI then trend is bearish. Crossover in the -DI and +DI can indicate a change in the market trend. Entries I will always line out a minimum of three entries. That is because I believe in entering into positions in thirds or fourths, only adding when the price moves in my favor. This allows me to minimize risk and emotional decision making. Trailing Stop Losses Bill Williams Fractals - Set slightly under most recent down fractal (if long). Parabolic SAR - Set slightly under most recent weekly SAR' or slightly under the previous 2 daily SARs. ADX - If > 50 on weekly and/or > 60 on daily RSI - If weekly and daily are > 80 Price Targets This is still a work in progress. I have noticed that each phase tends to go +90% - +95% from prior phases high. That can be used to give us a rough idea in order to calculate the risk:reward, however there is a lot more backtesting that still needs to be done. If you have significant data about the % ROI' each phase will return on average then I would be very interested in collaborating! Now that you understand the approach be sure to check out part 2 where 5 possible possible positions are outline
NYSE:BAEducation
by Sawcruhteez
1
Anatomy of Price & MA's During Consolidation and Trend ReversalBefore price makes a true reversal, whether bearish or bullish, price and SMA's have to make a series of cross overs in the direction of the reversal. Once every new level of support for price and SMA's has been made and confirmed, price then has the base from which to rally. Of course the easiest and safest way to profit from a trend reversal is a candle that closes above the upper resistance trend line, followed by a close above the the highs of the consolidation zone. However, many of us want to profit from price action in the lower time frames, too, but often we get stopped out or lose out on profitable trades because of the erratic whipsawing which is taking place in the higher time frames. Therefore, it is a good idea to analyze and observe what price and SMA's (and/ or EMA's, which ever you prefer) are doing on the larger time frames to understand why price is so choppy on lower time frames. Realize also that when price is consolidating or ranging as in this example of GBP/JPY, any trend following indicator like SMA's and EMA's are useless until price breaks out of the consolidation zone and forms a trend. Another good rule of thumb to follow and watch out for, is the 200SMA and whether it is sloping upwards, downwards or moving along horizontally. If at any stage on the daily time frame it is moving horizontally, expect a lot of erratic and almost illogical price action in the lower time frames, thus an indication to not hold trades for a long time until it starts to move up or down. Moving averages as mentioned above are useless when price is consolidating, however, they do reveal something very significant during that process nonetheless, namely, their levels when they cross over one another. If after each time price drops as in the example I have shown, the SMA's are higher than their previous levels than very often price will have found support at precisely those levels where the SMA's crossed over on another. This is far more revealing and provides much more credibility to price moving higher as opposed to just looking if price bounces of or is rejected at a single SMA or EMA level; incidentally, I have found that when one single candle bounces of a 50SMA for example and then continues to rally up from there, price tends to be in strong uptrend already with the SMA also pointing in that direction. Hence, it is crucial to understand the difference of behaviour of MA's in relation to price action, i.e. ranging or trending. If you look at the candle that broke out above the consolidation zone, note that below the 100 & 200SMA made a final bullish crossover and all the SMA's were sloping upwards, and this is quite interesting in that we know MA's to be lagging indicators. But they do indicate momentum building up so that we can be prepared for a move to the upside, as in this example, when price breaks out of the consolidation zone, thus, it seems as if the SMA's are not lagging at all, but this is due to the fact, as mentioned above, that price is now trending and the SMA's start to indicate and support the trending price action, hence changing their behaviour to confirm price is no longer consolidating. A brief look at the RSI indicator also is indicative of a bullish trend reversal about to occur when observing the divergence and convergence between price action and the SMA movement. For those new to trading and using momentum indicators such as the RSI, remember that overbought or oversold conditions dont immediately imply that price will drop or rise once it reaches those levels, instead price usually enters overbought or oversold levels after a breakout which indicates momentum in trend in the direction of the breakout. Only after the RSI crosses from above or below extreme levels can you start anticipating a corrective move, but never necessarily a reversal of the trend. In summary: When price is consolidating look for SMA crossover levels as support.
Education
by AMTrader
3] How to use Traders Dynamic Index and Complementary OverlayXtremePhaser = Thin Cyan line HighPhaser = Thin Blue line HighMBL = Thin Orange line Phaser = Thick Blue line Midline = Thick Black line & others. Just like the traditional use of moving averages, HighPhaser and XtremePhaser allows for higher time frame trend (by their nearness and crossover) to be seen and recognized by traders allowing them to respect market's condition to not imply what is not true and in the end 'lose it all'. It (TDI-CO) allows of course to show support and resistance. It also allows for support/resistance breakout to be evidenced as seen in 15 min chart with price being squeezed by Phaser (&Midline) and XtremePhaser. How to to trade retracements: Retracements come with the expectation of a trend continuation, therefore the safest trade is to continue trend not countertrend-trading with the pullback. Component lines aid in recognizing when the market is in a pullback as seen in image. HighMBL overlay did not allow price to rise any higher. Phaser and HigherMBL formed a channel because of their slope downward, but the importance of their steepness is major, as it should determine how you should trade. In summary you should trade in same steepened direction as the thick blue and thin orange line, but a breakout of a flat highLine is more promising for the adept swing traders.
Education
by YardleyRosette
2] How to use Traders Dynamic Index and Complementary OverlayWe here learn to observe the higher time frame 360, and analyse 1D that RSIPL are crossed down parallel. So lower than daily time frame= 540, 360 allows for trend entry at a 360 RSIPL and 'TSL initial cross down for max profit. On 180 as on 360 allowed for entry using the RSIPL/TSL crosses down. Also observing Phaser very near price as it 'pushed' priced down until price could breakout Phaser which had much importance. Price breakout of black Midline meant clear reversal and price retraced to it for support with target being HighPhaser or Fibonacci retracement tool for extension target. Entry for this retracement was possible by means of the countertrendline cross. __________ Promoting free and highly useful Indicators: KK_Traders Dynamic Index_Bar Highlighting Traders Dynamic Index Overlay "Price Action Channel Master by JustUncleL Restored"
Education
by YardleyRosette
Backtesting EMA StrategyAn EMA-based strategy which involves the following - Trend trading - Price interaction with the EMA's - Using EMAs for consolidating profit Here are the rules Step 1. Establish a trend In this strategy if the fast moving EMA (20 or the blue line) is above the 50EMA (slow EMA - red line) then we're in an uptrend. If its the opposite we are in a downtrend. Step 2. Two Cycles We want to have seen at least two cycles of Higher Highs and Higher Lows in an uptrend or Lower Highs and Lower Lows in a downtrend Step 3. Entry when price interacts with the 20 EMA after step 1 and 2 above with 30 pip Stop loss target and no Take profit Step 4. If the trend goes in your favour, trail the stop loss by scaling in behind the 50EMA (red line) These backtest show incredible results of over 50% on the GBPJPY pair in since September 2017, assuming absolutely all opportunities were taken.
Education
by bizlus
1] How to use Traders Dynamic Index and Complementary OverlayTraders Dynamic Index serves for crossover signals and are essential for trade entries and most beneficial when identified on over 30-minute Time Frames as on hourly time frames. I have made the options available of the oversold (green) 32 level line overlay which is useful in identifying potential buy zones/price. In KK_Traders Dynamic Index_Bar Highlighting it is also good to note that in uptrends : RSI ranges between Upper Volatility Band, Lower Volatility Band and/or relatively "within" 68 and 50 level lines as it has been doing on hourly time frames on Bitcoin. Direction and deviation of MBL overlay or Phaser from price is strong indicator of trend direction and price level/zone useful for those who are confused in knowing where price will have to average into. Promoting free and highly useful Indicators: KK_Traders Dynamic Index_Bar Highlighting Traders Dynamic Index Overlay "Price Action Channel Master by JustUncleL Restored" _______________ I had not used these guides recently which I have currently published. If anything (I ever do publish) varies contrary to these indicated guides and the coming guides to be published, the likelihood of failed forecast is augmented.
BITSTAMP:BTCUSDEducation
by YardleyRosette
Why using 8 & 20 EMA? (Part 1)EMAs are commonly used in conjunction with other indicators to confirm significant market moves and to gauge their validity. For traders who trade intraday and fast-moving markets, the EMA is more applicable. Quite often traders use EMAs to determine a trading bias. For example, if an EMA on a daily chart shows a strong upward trend, an intraday trader’s strategy may be to trade only from the long side on an intraday chart. There is not much different to use 9 & 20 EMA instead of 8 & 20 EMA. But there is a lot different by using 20 & 50 EMA, or 50 & 200 EMA. I know you understand what is a "golden cross" and what is a "death cross". In my point of view, they are just some names to control amateurs mind. Amateurs will be scared when there is a death cross happened on a market. In this example, I compare two stocks by using 8 & 20 EMA and simple candlestick patterns to spot entry and exit positions. In the next example, I will use 20 & 50 EMA. You will see the difference.
HKEX:1717Education
by SoloTraderAU
1
The importance of admitting you were wrong. I was wrong. Sorry.Hello. I have changed my background, I realized the full white one just blasts the human eye. Better go for something more easy on the eyes. I have to make a 180° on my previous bear position. In the trading & investing world, it is important to realize you were wrong and stay humble. If you don't, that's when you end up destroying your account. From what I saw I believed it very likely we drop all the way to 3500 before going to a bull market. I don't know if I said this exactly, but I at least might have led people to believe this. I was wrong. This is not likely. I zoomed out and saw what was happening around me, and I now strongly believe I was wrong. I am a bear no more. Believing we are going to reproduce 2014 crash and bounce on whatever trendline because it "looks similar" is stupid (I already posted an idea about this). I have now turned to an Orca. You know, the second biggest predator on the planet, and the most cruel animal on the planet, they love to torture their prey for hours before eating it. It's over. Bubble is about to pop. I will first show the graph for the short term. I guess that's what we're going to do, but that doesn't matter, I will next show what will happen long term. And it is not pretty. There's going to be blood in the streets and I'm not speaking metaphorically. A death cross will happen tonight, unless the bulls can push the price to 17000$. There's probably some of them that think it's possible. I also forgot to show the weekly MA 10, yet another resistance in the area. We are still following the usual bubble pattern and it's looking like 2014, I just think this time it will be worse. I'll explain later. There's so much data I don't know if I can throw it out all at once. I wanted to say, at my workplace there's this programmer guy, midly shy guy, just your average programmer I guess, back in early december when I started working closer to him he was pretty euphoric alwyas smiling laughing and extroverted I was wondering why he liked me so much gay or something? Well he started isolating himself 2 months ago "to focus on work" and complaining more and more and working long hours, and now, haven't seen him for 3 weeks he's having "medical" issues. After the double top to 11k when we went down he started being isolated and below 9k that's when he just vanished. I guess he's one of the victims. I hope for his health we crash soon? I guess? So he can sell, lose his money maybe, but at least he's free. Or maybe he sold and then bought back in on the "back to normal". In a while, we will get the suicide stories, the divorces and homeless people, there will be a ton of them. People are extremely stupid. The more something goes up, the more idiots put everything they have in and get lucky, the more the next people will put in. There has already been suicides. But it will get worse. Much, much worse. South Korea is going to be a bloodbath. Their "millenial" population was already deep in shit, but boy oh boy it's going to get worse. They thought crypto was the miracle magical thing that will give every one free magical money. It will end up being hell. Their doom. I'm betting on hundred of suicides at the VERY LEAST. ONE thing can save the bagholders now. A very evil person or group with alot of money that pumps crypto (not even sure it'll work out) to scam at a higher price, more people. It would end even more badly... But if they get caught what would happen to them would be worse than Mussolini Ghadaffi or 'Abd al-Ilah from Iraq. Let's zoom out and see where we are now: We have visited the long term investor average buy price twice, just like in 2014, and they have supported Bitcoin. The second time, we dug deep and found very strong support, bounced 100% to a double top (again). I will continue in an update.
BITFINEX:BTCUSDEducation
by MrRenev
42
How to spot bear market. Live example.Pretty simple. 1- When we lose the important moving average's, it's an indication a bear market is possible, but by itself does not confirm the start of a bear market at all. 2- When the MA50 starts going downwards... you can start betting we're in bear market. 3- When we lost the MA100 and it starts pointing down, bear market is confirmed, but by then we already dropped alot thought. 4- Usually the faster the climb up is, the longer the bear market lasts. The more time we are in bull market, the more violent and quick the drop. Compare 2014 2017 perfect example. 5- Everything comes in wave of 3. 1rst time people don't notice, 2nd time don't really believe, 3rd time everyone with simple minds are thinking "last 2 times they said it wasn't going up/down, last 2 times it did this it keeps repeating itself, clearly I can buy/sell/join that sect/vote for that NAZI that knows how to manipulate minds. Etc. Always. *- Several factors and indicators have to point out to the same thing. It still needs an educated human eye (or hella good AI?!). Why anyone can't just use this blindy? Take this for example: But... I mean... to me it's obvious... we're not about to start a bear market when we just got out of one & people sold hard and there hasn't been any buying yet...Makes no sense.. But yeah every one doesn't see this I guess. But anyway, this is obviously not for finding signals, just getting an idea of the general trend and putting the odds in your favor. And you can use the MA's as support/resistance to long or short. when several resistances or support are at the same area it's bonus triple kill! The moving averages, especially higher numbers) are mostly viewed I believe by these wonderful people, the investors "in it for the long term", these wonderful people give us money everytime we hit one of their support or resistance. www.youtube.com This drawing (+ my evil plan ofc) gave me the idea to post this:
BITFINEX:BTCUSDEducation
by MrRenev
8