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Author Topic: How do you check the 200 day moving average ?  (Read 77 times)
Len Saldua (OP)
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March 20, 2022, 08:55:24 AM
Merited by hugeblack (4)
 #1

I've been trading for over a year and I just realized I never look at this particular indicator.
I base my trading choices on comparisons and analysis of CoinGecko's limited charts and numbers, mostly 7d, 14d, 30d, 90d, 180d and even the 1 year graph. I guess the 180d view is the closest I have to the 200d moving average ? Although by looking at the 180d I only see the overall graph, to get an idea of the bigger picture, and the token's price decline or increase over time. This has proven to be quite a good strategy for me , but of course I'd like to get better. In particular at understanding the 200 day moving average indicator when the market is at the verge of a major crash.
So what site do you guys recommend ? CoinGecko doesn't have this indicator, or any other I don't think, it's not a very good place for indicators and technical analysis I guess.
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March 20, 2022, 09:53:28 AM
 #2

It depends on your reference and you shouldn't stick with 200 moving average but that's up to you. Here's a free course about moving average from Babypips: https://www.babypips.com/learn/forex/elementary#moving-averages

Here they teach how to use moving averages with the combination of others including moving average as dynamic support or resistance, how to analyze trends using it and many more.


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March 20, 2022, 10:17:00 AM
 #3

The 200-day moving average is represented as a line on charts and represents the average price over the past 200 days (or 40 weeks). - What Is the 200-Day Simple Moving Average?


The 200 days moving average for me is best to use when you are using a higher timeframe, like daily/weekly/monthly.
@joeperry is right, you can try also to use some combinations like 50 moving average also, some people are using multiple moving averages and identifying the crossovers (golden cross or death cross).
Moving average also is good to identify the current trend of the market.


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March 20, 2022, 12:39:11 PM
 #4

200-day simple moving average (SMA) is a basic indicator for long-term investing but you need to use it with other indicators, and connect it with support and resistance to get an overview of the market direction as well as to know the strength of the trend.

In general, one of the most important things to read is the "golden cross," which is the point of the intersection of the 50-day SMA and the 200-day SMA, although often even after the golden cross is confirmed, the price fails to move in the same direction.


You can find it here ---> https://www.tradingview.com/chart/BTCUSDT/PFr6Ype6-Bitcoin-At-Critical-200-Day-Moving-Average/

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March 20, 2022, 04:15:36 PM
 #5

In particular at understanding the 200 day moving average indicator when the market is at the verge of a major crash.
So what site do you guys recommend ? CoinGecko doesn't have this indicator, or any other I don't think, it's not a very good place for indicators and technical analysis I guess.
It's a good indicator, especially for long term strategies.

This is another article that might be helpful ----> The 200-Day Moving Average Strategy Guide

I would like to recommend you to use trading chart tools like;
1. Tradingview.com
2. coinalyze.net
3. cryptowat.ch

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March 20, 2022, 04:50:39 PM
Last edit: March 20, 2022, 07:49:42 PM by palle11
 #6

Apart that 200MA is for specific on longtime trading , MA is showing over bought and oversold lines and shows resistance and support at same time. So I suggest that RSI will help you as a confirmation for your trade. For reference you can learn about the indicator in babypips, they explain better about the indicators and how you can use them.
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March 20, 2022, 06:35:57 PM
 #7

It depends on your reference and you shouldn't stick with 200 moving average but that's up to you. Here's a free course about moving average from Babypips: https://www.babypips.com/learn/forex/elementary#moving-averages
In addition to that, OP can also use and plot graphs on Poocoin by using DApp on dex. I do that on Trust Wallet. There are several indicators there, including the various MAs which one can set to whatever parameters one wants. BTW, let me state here that anyone using MAs shouldn't use them in isolation. Try and combine them with other indicators like you would use RSI with others. The few times I used MA, especially on that 200 setting; I used it to find trend and that's on a long term. An upward cross indicates an uptrend while bears are expected when price crosses it downward. Whatever you do OP, don't rely only on MAs. They're lagging indicators.

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March 20, 2022, 08:01:18 PM
 #8

Is the 200-day timeframe one of the most effective indicators for you to trade? actually, the specified time is a multiple of the existing daily. even though there is no 200-day moving average indicator you can still do it manually. However, it is possible that each trader's method is religious, making him creative in determining the moving average indicator for both 100 days and up to 200 days.

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March 22, 2022, 02:49:38 AM
 #9

I think what is more important is the 200 weekly moving average. Go to trading view and add BLX and use the 200WMA and you will see that it never closed below that average.

There was a time when it dipped below it but never actually closed on the weekly. Currently it’s heading up and it would seem like if it matches with the old ATH of $20K then it would be a perfect place to buy it. Most likely a generational low if it ever gets there .

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March 25, 2022, 02:30:58 PM
 #10

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To have best price for Premium account on TradingView, you can take their discount offer on Black Friday or Cyber Day each year. They will give you good offers within each year in such events. Each year, you will have Black Friday first, next is CyberDay.

Indicators can not help you if you are FOMO and can not do JOMO. Viewing chart and see a coin already exploded 200 times like Solana ie. and think it will rise higher to $500, $1000, it is too gambling. I know $500 or $1000 can be achieved by Solana but I will feel happy with JOMO in Solana. It's better and safer for me to be observer in Solana and other coins that have similar or higher growth.

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March 25, 2022, 05:31:25 PM
 #11

I've been trading for over a year and I just realized I never look at this particular indicator.
I base my trading choices on comparisons and analysis of CoinGecko's limited charts and numbers, mostly 7d, 14d, 30d, 90d, 180d and even the 1 year graph. I guess the 180d view is the closest I have to the 200d moving average ? Although by looking at the 180d I only see the overall graph, to get an idea of the bigger picture, and the token's price decline or increase over time. This has proven to be quite a good strategy for me , but of course I'd like to get better. In particular at understanding the 200 day moving average indicator when the market is at the verge of a major crash.
So what site do you guys recommend ? CoinGecko doesn't have this indicator, or any other I don't think, it's not a very good place for indicators and technical analysis I guess.

200 MA is the most commonly used MA along with the 55 and 100 days moving average. I prefer to use EMA rather than the simple moving averages.

Also, why do you use CoinGecko to check the graphs? I prefer to use trading view which is the best app to deploy the indicators and for the technical analysis.

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