The importance usefulness of moving average and btc/usdt prediction

Hello readers, The essence for trading is to make profit . But in the situation where such is not met, it becomes a failed business.

However, there has been lots of Strategies, Algorithm, Robots, Systems and lots more which have been developed in time to predict and to place a trade for that purpose.
Most traders spend lots of night for more research, reading and back testing in order to place the best trade.
No matter what you do and what you use for trading, it is encouraged to make it simple and easy.

I would like us to look into the moving average crosses

What Is a Moving Average (MA)?
In statistics, a moving average is a calculation used to analyze data points by creating a series of averages of different subsets of the full data set. In finance, a moving average (MA) is a stock indicator that is commonly used in technical analysis. The reason for calculating the moving average of a stock is to help smooth out the price data by creating a constantly updated average price.

source

Moving average as an indicator is one of the most used indicators for trading as the calculation is done from one period to another, the price impact is randomly calculated which is used to predict the next move of the chart.

Bold move with moving average crosses

over time, my trading trading strategy has circled on the use of moving average.
lets look at SMA 21 (Simple Moving Average with the period of 21) and EMA9 (Exponential Moving Average).
This is powerful setup for Scalpers as they take profit with 10 - 15 pips move. However make sure you combine it with another confirmation before entering the trade.

![Screenshot_20211120-014741.png]

Using moving averages and other indicators to trade gives you peace of mind since the indicators does the analysis and present to you confirmations to make profit from.

Looking at bitcoin moving average crosses, you would notice that if one could follow the crosses and combine it other indicators, huge profit could have been make from it.

Conclusion:
It is advised include the use of moving averages in your trading analysis since it is a lagging indicators.

moving average works perfectly in cryptocurrency trading.

Prediction
As at the time making this content, btc/usdt is trading ≈ $58394.29 early hours of 20/11/2021. The bulls are makings effort to push the price higher, but for one reason or the other, the bears are back to the market to gain some points too.
so, the bears are willing to push the price of btc/usdt to 56845.49 to day
Thank you for reading.