📖 How to trade MA?Hello!
MA — moving average.
📌 This indicator shows the price average value over a certain period and gives the trend direction.
🔷 For global analysis and understanding the price movement direction we have to use short, medium and long MAs mainly on long time frames.
🔷 MAs may act as an additional support and resistance level. It is worth trading taking into account MAs in the confident reversal patterns presence only, using MAs as an additional strong indicator, but not relying on it only!
🔷 Another important tool is the crosses formed by moving averages. We're talking about the golden cross and the death cross. This is an extremely strong pattern respected in classical markets, but cryptocurrency market traders rarely take it into account at all. 90% probability the cross provokes a strong subsequent trend and dynamic price movement.
⚠️ Important! The cross should closely interact with the price (be next to), but not much higher or lower on the chart! Otherwise, it may not even be considered. Examine the older time frames (from the day). Short crosses also work In the cryptocurrency trading, unlike the classics trading, for example 7MA / 30MA or 30MA / 50MA.
❗️ Remember that MA is an additional strategy factor in favour of one or another decision made. Do not trade relying on MAs only!
