Price points and knowing that big moves usually revert back to the moving averages makes a big difference. When it is well above or below the moving averages you can expect a turn at some point. Yet, in crypto's if a crazy move happens you do not want to be on the sideline.
I'd rather miss smaller profits and just HOLD with longer trends
Excellent analysis that shows us friend, always analyze in detail the bitcoin, I love this because many people leave from there to invest and maintain exchange control. Thanks and great greetings.
Price points are definitely important for getting in at the right time but that is mostly for traders as long term investors would dollar cost average into most of their positions are a predetermined time period with the a similar amount. However, for short term trades it is crucial as the volatility could turn on a dime in any moment.
Yes agreed. When dollar cost averaging, one can use these price points to their advantage a bit as well. Assuming they are managing their money and its not on a automatic buying sched.
People hated me when i told them it's a good time to take eos profits lol geez so defensive ppl get
Price points and knowing that big moves usually revert back to the moving averages makes a big difference. When it is well above or below the moving averages you can expect a turn at some point. Yet, in crypto's if a crazy move happens you do not want to be on the sideline.
I'd rather miss smaller profits and just HOLD with longer trends
Excellent analysis that shows us friend, always analyze in detail the bitcoin, I love this because many people leave from there to invest and maintain exchange control. Thanks and great greetings.
Price points are definitely important for getting in at the right time but that is mostly for traders as long term investors would dollar cost average into most of their positions are a predetermined time period with the a similar amount. However, for short term trades it is crucial as the volatility could turn on a dime in any moment.
Yes agreed. When dollar cost averaging, one can use these price points to their advantage a bit as well. Assuming they are managing their money and its not on a automatic buying sched.