Moving averages can be useful when trying to confirm other market signals and indicators. However, you shouldn't try to trade based on them alone, as they tend to lag a lot, so on their own they aren't very good at predicting price movements.
Moving averages can be useful when trying to confirm other market signals and indicators. However, you shouldn't try to trade based on them alone, as they tend to lag a lot, so on their own they aren't very good at predicting price movements.
RE: Cryptocurrency trading, Using moving averages on Poloniex