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RE: Bitcoin (BTC) Morning Update: Confidence & Awareness are NOT same as Fear & Greed

in #bitcoin7 years ago

just try the 300 day EMA and see. It is absurd to use a EMA that long on cryptos that have just been born.
i'm quite new at this so that's why i have this fresh in my head.
i have read that EMAs act as trends and support.

so if i choose a more appropriate day count for the rate cryptos change their angles on the trend and support lines you can see that this EMA acts as a support line and it predicts a triangle.

just look

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Been trading 10yrs+. The 60 doesn't show very reliable support or target prediction. GLTU! :)

adapt to cryptos.... BTC 60 days ago was under 7000. more than half of btc's money is 60 days old or newer.