Moving Averages are basically the Black Holes of the Markets
Ahh Yes, the 100 Moving Average. Entertain me for a mere moment:
If i ask you to walk downstairs from your sweat stained trading chair a couple times a day, i would be able to calculate an endless array of averages out of your little plodder. What was your average speed, how many average steps, average breathes or heart beats per minute etc.
Basically the whole concept of an 'average' exists everywhere, its permanent and its something that always gets crossed again and again, its the most frequent point. We'vre running out of volume here so bulls need to find some support on lower timeframes to hold price up. 100 moving average projection crossed with smart money zone down at 23,730 so expecting to see alot of buying pressure if we have a week of blood bath ahead. Very low RVOL and RSI Cross to the downside.
Don't oversize when the odds are not in your favour. Yes yes, i love bitcoin too. but if i was a swing trader, up 36% in 15 days... i'd be looking to take some profits.
Hope you're all keeping well and trading safe. -Libra
If i ask you to walk downstairs from your sweat stained trading chair a couple times a day, i would be able to calculate an endless array of averages out of your little plodder. What was your average speed, how many average steps, average breathes or heart beats per minute etc.
Basically the whole concept of an 'average' exists everywhere, its permanent and its something that always gets crossed again and again, its the most frequent point. We'vre running out of volume here so bulls need to find some support on lower timeframes to hold price up. 100 moving average projection crossed with smart money zone down at 23,730 so expecting to see alot of buying pressure if we have a week of blood bath ahead. Very low RVOL and RSI Cross to the downside.
Don't oversize when the odds are not in your favour. Yes yes, i love bitcoin too. but if i was a swing trader, up 36% in 15 days... i'd be looking to take some profits.
Hope you're all keeping well and trading safe. -Libra