How Do I Analyze Price Trend?
Bitcoin Trade a Price Trend
Traders can identify a bitcoin trend using a system that has Three technical indicators - MA Cross-over System, RSI and MACD & using simple rules to define the market trend. The btcusd crypto rules are:
Upwards Bitcoin CryptoCurrency Trend
Both MAs Moving Up
RSI is above 50 Level
MACD Above Center-Line
Downwards BTCUSD CryptoCurrency Trend
Both MAs Moving Down
RSI is below 50 Level
MACD Below Centerline
Traders can then write down rules of the system & use this bitcoin rules to define a bitcoin trend that they then will trade.
Example of Bitcoin Rules to Define a Bitcoin Trend
Example illustration of a Bitcoin Price Trend on a Bitcoin Price Chart
Example illustration of a Bitcoin Price Trend on a Price Chart
Interpret Price Trend
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