BTW, I'm glad to see you using Bitcoincharts. It's not real-time updating (which sucks),
but it is THE chart site that all others should base theirs off of. I'm talking about Time, opens, closes (especially weekly
), etc...
Why is that the case? Do they close on different time zones, and if not, do you see much variance or something? I tend to go by Tradingview and secondarily Bitcoinwisdom.
I'm not sure what time tradingview uses as their close (should be UTC 23:59:59) but their week closes the same as bitcoincharts, which is on Sunday or Monday. Bitcoinwisdom closes on Wednesday or Thursday iirc. That can cause a fairly large variance in Bitcoin with our wild swings that happen from time to time.
If we all use the same closes (and not our own local time), then we all have the same charts and therefore, the same market picture. Sure you can change the params and in some cases have a head start on the market, but in many cases, you will have false signals. I suppose it doesn't matter
when it is, as long as it's something universally agreed upon and used. Since Bitcoincharts was the first of it's kind and for a long time the default setup, I go by their times and closes. Call me old fashioned. It's just easier than bickering over when the MACD crossed up. We would all have the same picture.
