Other indicators we are using is a moving image.
So we're using moving averages.
The simple moving average train is falling from when they emerge.
They serve similar purposes.
Basically those moving energies are magnets that attract to them.
Yes.
And we can use those lines is gauge.
It tells us at a price level.
So for example we're looking at the Blue Line and the blue line.
It's the 50 Simple and when average.
And it's the most watched moving average by the majority of money managers around the world.
No matter.
Yet we treat it so it's a widely recognized standard for an average price.
And so it's a very important AM line indicator to utilize in your trading.
So that's why we did 50 in the shop in other lining's very important is the orange line this is called
The A-Team.
All trigger line basically what what that tells us is very important also especially for swing traders
stay in the trade until you see that price is closing above the 80.
I'm looking at the closing price closing Prax closing price and then close the position when Price closes
below the Adeyemi.
So for example in this picture here we are seeing price moving up and even when it pulls back rockier
price continues to close above the closing costs below in May but then it bounces off.
So that includes stay in it.
So are you 3 to close even down near any Paulsberg down price bounces off and continues to close about
the 80 per year.
And then here pull back now if you are in the street all the way and you see these red another candle.
So these is the indication that things are starting to pull back in.
Going to bearish territory.
But you see up to this point up to this scandal the price is the closing above the 8 me on this day.
Why haven't you didn't open below the agony.
And by the end of the day close below it.
So this is the indication as this body is forming and price that making lower lows you see there is
a lot of these day and then and then price drop below the low and close below BATNA.
So this would be an indication closer position wait until price returns about the Italy and closes about.
And then pulls back all the way down to the 50.
So these then you could have used the 50 simple moving average as a place to re-enter the 3 C to 50.
There's a magnet up to here up to here and is still working as a support area.
When price if price moves below 50 and closes below the 50 it's going to be very tricky.
That's going to create a lot of sell off and it's going to cause a lot of panic in people that are holding
these coins.
Remember is the bitcoin.
People bought this thing three or four years ago $10 was $20 out of dollars.
OK let's say $200.
So let's say these people are sitting on $200 going there one day in the Pittwater got loves and all
of a sudden the $20 is worth $14000.
So these people are not going to feel the pressure.
Like people that most recently bought their same coin that these people pay $20 these most of these
people are paid $17000 19000 twenty thousand.
Imagine the pressure that these people are feeling.
They see a lot of I can see things pulling back.
I mean the people that paid one of those are sitting on it and actually they're happy that is the on
down there then they can buy more.
Those are the wealth.
OK.
So anyway it is important to pay attention to those lines in the 50 is going to be a very crucial point
when price reaches there and start closing.
If price losses.
You know it's going to trigger the cascade effect.
And a lot of sell off.
So they will be very profitable for those.
They know how to sell in this course you will as well.
Anyway so that's how we use moving averages and then we have the others the gray line of the 21 simple
them will average and we end the purple line.
That's the Terry Fortini dose.
If you have the basic issue of a basic platform we'd written to you or whichever broker you use and
platform use if you can only use two moving averages.
If the in the 80 me which you can select more.
15 May 21 simple the moving average line and the 10:14 me the purple line.