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Bitcoin Forum > Economy > Economics > Speculation > [04-14-2015] Bitcoin Trading: Price Analysis For 4/13
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waawd_1 (OP)
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April 14, 2015, 09:51:02 AM
 #1
http://themerkle.com/speculation/bitcoin-trading-price-analysis-for-413/

Let’s start off our price analysis looking at the daily chart and plotting the 9 and 18 day EMAs. These two EMAs are tools that institutions and smart money use to measure the overall trend. When the longer term EMA (18 day) is on top of the shorter one (9), this signals a bear trend, and if the daily chart is showing signs of being bearish, it is something that we must take into consideration.
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April 14, 2015, 10:37:20 AM
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Moving Average is considered to be the best indicator IMO...
Though, it proves itself wrong in many such cases where you actually can't decide which way to go as it's all speculation which moves the markets, and these are just indicators, so I never trust them and go for price action indeed...
Coinroll - Bitcoin Dice
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