How to use 18-day MA - Accurate guidesteemCreated with Sketch.

in #mgsc2 years ago

Hello Steemians!

As we all know, Moving averages (MA) are used to find out the price trends (Bullish/Bearish trend). The 18-day MA, using a 1-day time frame can be easily and accurately used to predict the possible behaviour of the market. The simple 3-step strategy which we will be sharing can be used both for buying at low price and selling high as well as for short-selling. Let’s get started.

For Buying at low price

Step 1: A green candle breaks the 18-day MA, and the next candle breaks the high of the previous candle. This is a buying opportunity.
Step 2: Buy at the current price and set the stop loss at the low of previous candle
Step 3: Take profits at regular intervals.

Let’s take an example:

1.png

Step 1: The candle 2 breaks the 18-day MA and candle 3 breaks the high of candle 2.
Step 2: We buy at the current price and set the stop loss to low of candle 1.
Step 3: Take regular profits at 10%, 20% and so on.

For Short selling

Step 1: A red candle breaks the 18-day MA, and the next candle breaks the low of the previous candle. This is an opportunity for short selling.
Step 2: Take position for short sell and set the stop loss at the high of previous candle.
Step 3: Take profits at regular intervals.

Let’s take an example:

Screenshot_2018-07-03-12-53-30-323_com.google.android.youtube.png

Step 1: Candle 1 breaks the 18-day MA and candle 2 breaks the low of candle 1.
Step 2: Take a position for short sell and set the stop loss at the high of candle 1.
Step 3: Take regular profits at 10%, 20% and so on.

As you can see, it is very easy to use this strategy. For the complete analysis of BTC/USD chart of past one year using this strategy, please watch our YouTube video explaining this strategy. The strategy is explained in detail along with accurate results.
Also, if you are interested in more such analysis and want to learn more about Crypto-trading, consider subscribing our channel.

Regards.

YouTube channel: Crypto King of India

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nice material , thanks

Thankyou boris, more videos will be coming soon

Nice information for trading, thanks.

Thanks maherame, appreciate your response :D

Nice post

Thankyou Prabhdeep. New people will be coming into crypto during the upcoming bull run, hopefully this will be helpful for them.

Nice blog bro..it really hepls to predict the crypto future behaviours

Thanks ankit, lets get ready for the bull run

Nice info brother

Thanks zaeem, will be doing more of this in future.

your analysis and work is good, i hope your prediction become true

Thanks @jayminvekariya, and yes, I hope that the bull run will come soon

Hi Swapnil.
I hope you are doing great. You decribed 18-day MA use really well, thanks for sharing this

Thanks @guggis, really appreciate your response to the video. I aim to help new users who will be joining the bull run to learn about trading in an easier manner.

Thanks thanks thanks

I'll content more content today, I'll try to make up for yesterday when I didn't post anything, keep supporting 😀