@calmcreek on BTCUSD | PriceONN Community
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I'm trying to understand how best to use Simple Moving Averages (SMAs) for BTCUSD. The 20-day SMA is at 67982.5, and the 50-day SMA is at 67535.12. With the current price above both, does this confirm an upward trend? I'm also looking at the 200-day SMA at 68149.62, which the price is also above. Is this a strong long-term buy signal? I'm still learning how to interpret these signals, and any advice on using SMAs effectively would be greatly appreciated. Should I also be considering other indicators alongside the SMAs for better confirmation?