Monday, 2 November 2020

Two days left until 200-days moving average at ATH

In a few days, both simple and exponential 200-days moving average on BTC/USD will be at an all-time-high (as long as we stay above $11000). For long-term stock and FX traders, that's an extremely bullish signal on the most commonly used moving-average period, especially given that the 50-days moving average is more than 12% above the 200-days one.

https://www.investopedia.com/ask/answers/122414/what-are-most-common-periods-used-creating-moving-average-ma-lines.asp

submitted by /u/Max_Findus
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