BTC and MA's by Rocket Bomb 🚀💣

2021年8月12日

Hi, guys! Until we were blown away by wild volatility (in any direction🤣), I want to share with you my observation and, of course, a new meme! 😂

A few days ago the moving average crossed, which is an excellent signal to raise the price! And for me personally, that's an encouraging signal😉
Of course, we must not lose vigilance, and after 50k, look very closely at the price formation.BUT...

(Inside me a little bull rejoices)😂😂😂

Moving averages are one of the most popular technical indicators. They have various types, but they have one purpose - to determine the current trend by smoothing out volatility and noise. Let's look how MA works on price movement of BTC!



Some informations about MA!🧐

The crossing of the slow MA by the fast one from bottom upwards gives a signal to buy, from top to bottom - to sell!


- The simplest form of a moving average is known as a simple moving average ( SMA ). It is found by calculating the arithmetic average prices for a certain period of time;

- Exponential Moving Average ( EMA ) assigns more weight to the latest data, which is why it is more preferable;

- The main functions of moving averages include identifying trends and pivots , as well as support and resistance levels;

- Moving average can be a risk management tool. Thanks to it, you can set a stop loss and cut a losing position;

- The most popular moving average signals are their intersection with the price or their intersection with each other;

- Crossing of the moving average price upwards gives a signal to buy, downwards - to sell;

- Moving average signals can be false when pairs are trading in flat or when a gap forms;

- Moving averages should be combined with various indicators and oscillators. So their signals will be more accurate, which will lead to the opening of profitable positions.


Stay in touch🤗
Always sincerely with you 😊

Your Rocket Bomb🚀💣