Trend base trading strategy is a very profitable strategy on Bitcoin.
So how to catch big trend of BTC ?
Just simply using Double SMA or EMA and check golden/death crosses to buy/sell.
As you can see in the figure above, daily 5 SMA works nicely with daily 50 SMA.
It's better to hold than buy and sell frequently in a strong bullish market.
Life is not just about technical analysis.
Hold and drink some coffee, get some rest.
Don't laugh at me, simple strategy but super power.
Moving Average telling you the average cost of everyone.
When the price goes above the MA it suggests that the price might continue to rise, and when it drops below the MA, the converse is true. The price might continue to fall.
Simply speaking, you earn money if price goes above your cost, you loss money if price goes below your cost.
Refenence:
medium.datadriveninv...verages-677fc6b600b3
www.investopedia.com.../m/movingaverage.asp
www.investopedia.com...ms/g/goldencross.asp
www.investopedia.com...rms/d/deathcross.asp
So how to catch big trend of BTC ?
Just simply using Double SMA or EMA and check golden/death crosses to buy/sell.
As you can see in the figure above, daily 5 SMA works nicely with daily 50 SMA.
It's better to hold than buy and sell frequently in a strong bullish market.
Life is not just about technical analysis.
Hold and drink some coffee, get some rest.
Don't laugh at me, simple strategy but super power.
Moving Average telling you the average cost of everyone.
When the price goes above the MA it suggests that the price might continue to rise, and when it drops below the MA, the converse is true. The price might continue to fall.
Simply speaking, you earn money if price goes above your cost, you loss money if price goes below your cost.
Refenence:
medium.datadriveninv...verages-677fc6b600b3
www.investopedia.com.../m/movingaverage.asp
www.investopedia.com...ms/g/goldencross.asp
www.investopedia.com...rms/d/deathcross.asp