[04-14-2015] Bitcoin Trading: Price Analysis For 4/14

[waawd_1]

http://themerkle.com/speculation/bitcoin-trading-price-analysis-for-414/

First thing’s first, let’s start our price analysis on a daily chart and look at this 14 day simple moving average. This trick was taught to me by a fund manager in the Forex markets, only he would use the 10 day moving average to capture 2 weeks of data (weekends are closed in FX). Since this crazy bitcoin market is open 24/7, our weeks include the weekends.