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RE: Steemit Crypto Academy Contest / S15W4 - Death Cross Vs Golden Cross
Greetings friend,
Wow, I must say, you've really impressed me with your insights on the golden crossover and the death crossover. The way you explained it using the BTC/USDT and STEEM/USDT charts, with the 50-day moving average and the 200-day moving average, was spot on. It's awesome that you pointed out the differences between the death cross and the golden crossover chart patterns. And when you mentioned using indicators like RSI and MACD, but then shared your preference for Bollinger Bands, it really showed your expertise. Your example of making a trading decision was super clear and helpful. I can tell you've put a lot of effort into answering each question, and it definitely paid off. Great job.
Thanks for that motivating comment friend! We can use many indicators to get solid confirmations but none of them are foolproof. However I prefer Bollinger Bands most of the time and it has given me success while trading. That's the reason I shared it. Thanks once again for your comment and wishes.
I'm glad you found success with Bollinger Bands while trading. It's awesome that you've been using them as indicators and they've worked well for you. True that no indicator is foolproof, but it's great to have a go-to method that has given you positive results. Thanks for sharing your experience, and you're welcome for the comment and wishes. Keep up the good work.