Quote: (12-05-2018 12:16 AM)The Grey Wrote:
If you want to trade more actively you can wait until the price of XMRUSD crosses ABOVE the 200-day moving average. When this has happened, the price will already have found its bottom some time ago and risen since.
But it means that we have most likely reversed from bear to bull market and your risks are significantly lower.
Not sure I 100% agree with this; we're starting to see weird, likely unsustainable spikes in stuff. (Like BNB today)
One possible strategy would be to wait for the 20 day moving average to cross the 200 day moving average. That would give you a bit of a safer entry.
Also I looked at the XMR chart for the first time in a long time today, and good god. It looks like death.