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RE: BTC update 06.04.18

in #btc6 years ago

Thanks for the update - I was very interested to read about your opinion on current moves.

One question: you mentioned the death cross. The death cross happened already on the 50/200 MA - you are mentioning the dma. Can you give me some background why your are solely focusing on the dma? As I understand the dma concept the "D" stands for "displaced" and how much the dma is "displaced" is an individual choice. So I am wondering - is the a commonly valid death cross on a dma?

I am no expert at all - so feel free to correct me if I mixed up things. I am happy to learn from you.

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Never heard of a displaced moving average^^ to be honest. The way I meant it is daily moving average. The moving average on daily chart basis.
Yes the death cross happened today. This pic is from two days ago. In this case I used the exponential moving average (EMA), because it is the standard setting in most of my charting programs.

Using other moving averages than the EMA (like DEMA, TEMA, WMA, SMA) only makes sense, if you want to program a tradingbot or want to use some kind of MA strategy for trading. At least that's my opinion. I tried that years ago, but I did not find an MA strategy that worked longterm for me.