Topic: SMA50/100 (Read 1200 times)
Last similar cross in march 2012 was with 200k selloff
Hmmm yes you're right, and it looks remarkably similar to the current situation...
March:
https://i.imgur.com/PHV7J.jpg
November:
https://i.imgur.com/FuUKH.jpg
They are not similar tho.
The difference in SMA tells you that the context is different for both graph fragments. The big movements around it are different.
And the fact that you look at daily aggregates tells you you don't see any details.
So the graphs look similar at this particular level, it is the result of dissimilar movements.
In other words, you can't make a prediction based on these similarities. It's more like a freak occurence.
Ah ok, thanks, I understand now. There's a lot to learn. I only showed a month because it was easier to see the detail and I used the daily chart because I understood that this is the best to see long term trends. I guess it won't be long before we know one way or the other
Last similar cross in march 2012 was with 200k selloff
Hmmm yes you're right, and it looks remarkably similar to the current situation...
March:
November:
They are not similar tho.
The difference in SMA tells you that the context is different for both graph fragments. The big movements around it are different.
And the fact that you look at daily aggregates tells you you don't see any details.
So the graphs look similar at this particular level, it is the result of dissimilar movements.
In other words, you can't make a prediction based on these similarities. It's more like a freak occurence.
Last similar cross in march 2012 was with 200k selloff
Hmmm yes you're right, and it looks remarkably similar to the current situation...
March:
November:
I'm new to this so I'm not sure this is a good indicator but I've noticed the price is now above the SMA50 and SMA100 lines. Is this long term bullish? Is it important at all?
The number of line crosses increases with time resolution so you will get a different signal when looking at different time resolutions.You will first need to decide on a time interval and then see which values for SMA work well as an indicator.
I would say that for long term indicators at this time resolution you would have to use a much higher value. 400+ or something, propably even more.
Last similar cross in march 2012 was with 200k selloff
I'm new to this so I'm not sure this is a good indicator but I've noticed the price is now above the SMA50 and SMA100 lines. Is this long term bullish? Is it important at all?
only if it holds the back test 
It matters in certain trading strategies.
I'm not sure it says anything, in and of itself, about the long-term health of the asset.
I'm not sure it says anything, in and of itself, about the long-term health of the asset.
I'm new to this so I'm not sure this is a good indicator but I've noticed the price is now above the SMA50 and SMA100 lines. Is this long term bullish? Is it important at all?
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