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RE: Bitcoin Holding Steady at the 200 Day Moving Average

in #bitcoin7 years ago

Digging the video mate, great work.

For me, nothing beats price and how it reacts around support/resistance levels. Do you use the MA as a dynamic level to actually trade off, or just as a guide for trend?

The 50, 100 and 200 seem to be the standards that people look at. They all see a reaction at different points. What are your thoughts on using them?

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Nah, you know me mate. I'm all about support/resistance and trendlines when it comes to crypto. Trades to clean to need more. I use the 200 MA as a gauge to recognize when price has gotten silly high or over corrected.

I used all three of those MAs more when I was day trading. In fact the 200 MA made for a great play on the S&P 500 on friday, had I'd been paying attention to stocks LOL