Market is moving fast and I am holding my long from two days ago, but I have been crunching these short videos like nobody's business. This one is also going to be on the moving averages like the last one. More specifically, I will be analyzing the golden cross and death cross of a moving average as a signal for entry. I want to make it less than 5minute so you can move on with your day and learn something new if you haven't already.
Hi all. I've made another short video on cryptocurrency trading. This one will be focusing on moving averages and applying the indicator to today's bitcoin/eth prices. I picked this simple indicator as a starting point because it is the gateway to many more advanced indicators like BB,MACD and ATR. So understanding the fundamentals is important. I hope I improved a bit from my last video thank you to all your feedback. Let me know what you think.
I will first go over the technical analysis and charting, then discuss my projections for the upcoming short term and intermediate term. Let’s take a look at the chart below. Note, the support/resistance lines were drawn a while back and some still holds true today.