MA Support and Resistance Zones
Moving Averages can be used as points of support & resistance on bitcoin charts.
When bitcoin price reaches the moving average, the Moving Average level can act as a point of support or resistance for the bitcoin price.
Buy Signal
If bitcoin price is on an upward bitcoin trend & begins to retrace, then most traders might wait to buy at a better bitcoin price when the bitcoin price hits a support level. Bitcoin Traders will sometimes use the MA to figure out the support zone.
A buy cryptocurrency signal gets derived and generated when bitcoin price hits the Moving Average, turns and starts heading in the upward bitcoin trend direction. The cryptocurrency signal is confirmed when bitcoin price closes above the Moving Average. Because many bitcoin cryptocurrency traders use the MAs to generate cryptocurrency trading signals, bitcoin cryptocurrency price will usually react to these levels.
A ==22==stop--lossstop--loss--orderstoploss--order should be set just below the Moving Average bitcoin Indicator. Ideally it should be set a couple of pips below the previous low.
How Do You Trade Bitcoin with MA Method
Sell Trade Signal
If the bitcoin price is on a downward bitcoin trend & starts and begins to retrace, then most traders might wait to sell at a better bitcoin price when the bitcoin price hits a resistance area. Bitcoin Traders will sometimes use the MA to figure out the resistance area.
A sell cryptocurrency signal is generated when bitcoin price hits the Moving Average, turns and starts heading in the downward bitcoin trend direction. The cryptocurrency signal is confirmed when bitcoin price closes below the Moving Average. Because many bitcoin cryptocurrency traders use the MAs to generate cryptocurrency trading signals, bitcoin cryptocurrency price will usually react to these levels.
A stoploss should be set just above the bitcoin trading moving average indicator. Ideally it should be set a couple of pips above the previous high.
Sell Bitcoin Signal - How Do You Trade Bitcoin with MA Method
Resistance Zone turns Support Area
In Bitcoin - When a resistance level is broken it turns into support ==22==and vice versa.
This happens when the fundamentals of a bitcoin trend change and consequently the direction of bitcoin crypto. Direction change is reflected by the moving average cryptocurrency technical indicator, the direction is confirmed when the resistance zone turns into support area or vice versa (when support area turns into resistance level)
Resistance Level turns Support Level - Moving Average Bitcoin Strategy Method Example
Learn More Courses & Tutorials:
- How to Set ==22==Trend--LineTrend-LineTrendLine on How to Draw Trend-lines in Charts
- How to Read and Interpret BTC USD ==22==Trend-linesTrend--linesTrendlines in MetaTrader 5 BTC USD Charts
- Bitcoin Trading Mobile Phone App
- BTCUSD Retracement Meaning & BTC USD Retracement Definition
- How Can You Find a Study BTC/USD Trading Learn Training Tutorial Course?
- How to Trade Fib Extension MetaTrader 4 ==22==Technical Indicator
- Bitcoin Support & Resistance Levels in Bitcoin Charts
- How Can You Draw Fibonacci Extension Levels in Downwards BTC USD Trend?
- How Can You Download MT4 iPad App on iPad Phone?
- How to Learn the Basics BTC USD Beginners Guide Tutorial
