Trading Crypto with Simple Moving Averages - for Beginners

One of the most popular indicators across all markets is the Moving Average. The moving average is exactly what its name implies, a calculation of the average price that an asset is trading at over a set period. This can be in the form of a “Simple Moving Average”, which is just an arithmetic mean; or an “Exponential Moving Average”, which assigns more weighting to the most recent prices. In this video, we stick with the basic Moving Average, otherwise referred to as a “Simple Moving Average”. For example, if we are looking at a daily Bitcoin chart with the 20 MA (Moving Average) applied, we are going to see what the average price is over the last 20 days. Hence the idea of a simple arithmetic mean- we are taking the candle closing prices of the last 20 days and dividing them by 20 to get an average. Prefer reading? Check out this topic on Phemex Academy: Trade Crypto on Phemex → ← Register now for a 7-day free Premium Membership Tria