Crypto 50/200 MA

Moving Averages:

Used to smooth data and identify a trend
Help in identifying S&R levels
Can be predicting indicators
Many bots use this for their trading strategy, follow their trades
MA Crosses are signals
Converging MAs = Consolidation. Expect volatility on resolution

Use of 50/200 MAs
50 crossing over 200 = Golden Cross
200 over 50 = Death cross
200 EMA is a high probability bid zone
Distance from 200 MA = sign of overbought