ChartArt

Long-Term Trade Decision This Week

BITFINEX:BTCUSD   Bitcoin / Dollar
517 5 7
Bitcoin is setting up to either get back above the 50-Day SMA ( simple moving average price) and potentially resume the new promising uptrend wave or shift back into the usual downtrend mode this week.

As long as $229-$231 has not been tested the downside decision is unclear. $230 is the key support, if this area breaks the price could slide down to $198.
Are the 2 "estimated" MA's calculated? Or just drawn by hand? You could write an algo to analyze past performance within a channle to get an "estimated" MA based on a "predicted channel".. But would require more time/programming skills than I have at the moment.
Reply
ChartArt TheNewXDAGuy
Those two blue MA projections are estimated by my head and drawn by hand based on all the information I see on many different indicators comparing many time-frames. Your idea to predict the MA lines sounds interesting, sadly I also don't have the programming skills to do that.
Reply
Ah OK.. They looked pretty realistic, so I wondered if you had "calculated" them some how. I have a small stack of program projects at the moment, so I'm not gonna as this right now.. But cool chart!
Reply
ChartArt TheNewXDAGuy
Thank you. It made me quite happy to read that my quick & dirty hand drawing could be mistaken for a computer calculation :D
Reply
your welcome! :)
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out