I agree. This MA crossover seems to work for the most part for ETH. But there will be times where MA Crossovers lag and will chop you up in trading ranges.
Take a look at the following areas:
Best would have been to enter LONG Feb 2019 and SELL or SHORT July 2019. If you waited for the MA 100/200 crossover you would be going LONG Jun 14 2019 and SHORT Sept 10 2019 when price was retracing to the high of about Sept 21 2019 and you would have lost money. The same for going LONG Feb 20, 2020 right before the market drop from Covid. You could argue "black swan event" but you would have been hurt if you ONLY followed MA Crossover. Especially following a slow MA Crossover like MA 50/200 or 100/200. Also you would have waited until April 24, 2020 before getting LONG. That would have kept you in the meat of the trend which is a key point in trading. Problem is you dont know how long a trend will last or if a trend is a trend or just choppy trading range. So, I personally dont recommend blindly following MA Crossovers because they ONLY work in trending markets. But it looks like this works out so far.
Good Luck with Trade!
Zenter
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@eganon69, thanks for sharing your idea sir. I am glad. I will try to check more techniques also other than EMA crossover.
eganon69
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@Zenter, Recommend drawing trend line and horizontal support and resistance lines. Those will give you a better picture. I really only use EMA 39 as a quick determinant of trend direction at that time BUT I am always comparing it to trendlines and horizontal support/resistance lines to get a better context.
Take a look at the following areas:
Best would have been to enter LONG Feb 2019 and SELL or SHORT July 2019. If you waited for the MA 100/200 crossover you would be going LONG Jun 14 2019 and SHORT Sept 10 2019 when price was retracing to the high of about Sept 21 2019 and you would have lost money. The same for going LONG Feb 20, 2020 right before the market drop from Covid. You could argue "black swan event" but you would have been hurt if you ONLY followed MA Crossover. Especially following a slow MA Crossover like MA 50/200 or 100/200. Also you would have waited until April 24, 2020 before getting LONG. That would have kept you in the meat of the trend which is a key point in trading. Problem is you dont know how long a trend will last or if a trend is a trend or just choppy trading range. So, I personally dont recommend blindly following MA Crossovers because they ONLY work in trending markets. But it looks like this works out so far.
Good Luck with Trade!