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October 23, 2015, 11:00:59 PM |
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Bit of a broad question, OP, not sure what answers you're expecting ("Yes. Use MAs.")
Here are a few 'broad' observations, maybe they'll help you get started figuring out this market yourself further:
- Of the classical MAs, the DSMA50 seems more important in this market than the DSMA20 and 200.
- This market moves relatively fast, most of the time. For many purposes, it can make sense to divide time scales by about a factor 4, e.g. as an approximation, 6h can act like daily in other markets.
- Volume is (a) important, and (b) difficult to trust in this market. That said, I trust the volume of the zero or almost zero fee exchanges even less than the volume of exchanges with fees (Bitstamp, Bitfinex, BTCE, to name three).
- Find your own way to read the order books. They can be even less trusted than volume numbers, but you can't really ignore them entirely either. Similar for swap stats.
- Of the classical chart patterns, by my own anecdata, triangles seem to perform quite well on mid-term trends (~monthly)
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