Moving average indicators within the technical analysis space is really good to vet the sentiment of a trade as herd mentality reigns in tradable assets. I also like to see confirmations with volumes supporting the breakout trend. However, I continue to use fundamental analysis the most although that information is very technical in nature given the technology behind most crypto assets. The combination is what should lead to successful results in the future.
RE: Trading Crypto 101 - Moving Averages (Do I Need A U-Haul?)
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Trading Crypto 101 - Moving Averages (Do I Need A U-Haul?)
Thanks for your comments! You are absolutely right, the vast majority of my portfolio is buy and hold based of the fundamentals of projects I find exciting. Projects that have real world use cases and have the potential to be serious distributors in the global scheme. However, teaching people how to trade has been my latest calling. I see so many young, excited people rushing into this space to just dump most of their money on a centralized exchange and follow calls made on Twitter and YouTube by randos who don't care whether they succeed or fail. I just want to see more logical actors in the crypto trading space. It makes life easier on all of us if people know what they're doing. :)
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