Market condition evaluation by using two SMA indicators

BTCUSD
Bitcoin vs US Dollar
Market condition evaluation by using two SMA indicators
One of the main problem for the traders is about how to estimate the Market condition in simple (but effective) way. And this moethod is really great: just plot two SMA indicators with the period of 100 and 200, and after that - look at the chart: if those two indicator is on uptrend and the price is above the two indicator so it is primary bullish market condition; opposite - for bearish trend. But if the price is located between those two indicator so it is secondary ranging condition, means: waiting for direction. It is really simply but effective method to estimate the market condition in the beginning of the trading session for example.

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