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RE: Ethereum TA Discussion: Part 2 (A few things I missed)
My God!! I never do so much of analysis. What is do is buy low, PRAY and sell high..haha. I think i need to take some technical classes from you..
Haha..love your comment😄
But technical analysis can only take you so far... for example bolligner bands are great at predicting a break up / break down. But if you ask me if we are going to go up or down right now, I am very unclear about it. So probably I will take a safety first approach right now: logic tells me to wait until the 12 hour EMAs switch back to positive....or for example the 3-day MACD goes green (although that's a bit random!)😀
But yeah, EMAs are the best thing to fall back to if you are unsure imo. MACD Is better if you have an instinct for what you think will happen next as you can get the signal earlier, typically - but there's more room for the signal to be wrong imo.
But of course, a great alternative to trading is just buy-and-hold, or dollar cost averaging. Personally, I don't plan on trading steem any more.... it's a buy and hold investment (steem power), and I'll be going down with the ship if that's what happens!🤣
That is really a great piece of advice. Just started with crypos 4-5 months back. I think it's high time for me to learn technical analysis. BDW are you available on steem.chat?
Will be very soon hopefully...just been too busy right now to try it!
Good luck!
Thanks @xaero1 .Hope to see you soon on steem chat so that i can get some trading tips ..haha.