I am referencing the red MA which is the 1971d SMA.
It will be the first time we break this line if we close below around 19k today.
The screenshots above are every dumps that felts to near the MA, and we will lose it for the first time since its existence if we didn’t close higher than 19k. ( we only dropped to the yellow/orange range during the 2018 crash)
Why 1971d?
I arbitrarily tried hundred of parameters to find the most effective MA.
Why not using weeks or month?
You have to wait until the close of an interval to see the newest plot in TradingView, and you can’t have like 10000h moving average probably because of the large amount data required to calculate the MA.
It will be the first time we break this line if we close below around 19k today.
The screenshots above are every dumps that felts to near the MA, and we will lose it for the first time since its existence if we didn’t close higher than 19k. ( we only dropped to the yellow/orange range during the 2018 crash)
Why 1971d?
I arbitrarily tried hundred of parameters to find the most effective MA.
Why not using weeks or month?
You have to wait until the close of an interval to see the newest plot in TradingView, and you can’t have like 10000h moving average probably because of the large amount data required to calculate the MA.