$BTW The daily candle broke below MA50 (1.3484), down 15.57% in 24h.
Folks, what is a moving average? Here's the short version👇
A moving average is the average closing price of the past N candlesticks. Each time a new candlestick closes, the calculation moves forward by one candle, and connecting the values forms a moving average line.
In a sideways market, prices often cross back and forth over the moving average, so signals from crossing above or below it can easily fail. Moving averages work better in trending markets.
Learning to read indicators is easy. The hard part is sticking to your plan when your emotions are running high.
#BTW
Folks, what is a moving average? Here's the short version👇
A moving average is the average closing price of the past N candlesticks. Each time a new candlestick closes, the calculation moves forward by one candle, and connecting the values forms a moving average line.
In a sideways market, prices often cross back and forth over the moving average, so signals from crossing above or below it can easily fail. Moving averages work better in trending markets.
Learning to read indicators is easy. The hard part is sticking to your plan when your emotions are running high.
#BTW