Muwa

Bitcoin at 300 DMA

BITSTAMP:BTCUSD   Bitcoin / Dollar
Critical level, if it manages to hold it, a bull market may ensue.
LastBattle
a year ago
A little flaw.... Hardly anyone is looking at 300 DMA, aside from 7,14,50,200.
I dont think its valid, the breakout is already there.
+1 Reply
Yobears LastBattle
a year ago
We shall see :)
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aziz92 LastBattle
a year ago
Exactly. 300 DMA? What's next? 546 DMA? 933 DMA? There will always be some DMA that price is about to break.
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Yobears aziz92
a year ago
50, 100, 200, 300 are the only important ones on the 1D level. Most TA doesnt go beyond that.
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JamesBrown PRO Yobears
a year ago
I disagree wholeheartedly.

I believe this is precisely where the best get their edge on the market, when it comes to moving averages.

Take a look at the 1600 simple moving average and tell me price doesn't react to it. The 1600 with price channel envelope is one of my most useful and dependable long-term trading systems and gives way bigger gains than say a 50 SMA price channel.

+1 Reply
JamesBrown PRO JamesBrown
a year ago
The biggest 4-hour bar for bitcoin in the last three months didn't happen on the 1600 SMA (4-hour chart) breakout by coincidence.

I've seen the same situation over a hundred times from currency pairs, to commodities, to stocks. It's a powerful moving average that has a strong effect on the market
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JamesBrown PRO JamesBrown
a year ago
Same with the 400 and the 800...and probably even the 3200, but I've never had a charting system that can calculate back that far.
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