Moving average crossover data
Bitcoin has been trading in a narrow range since June, and finding signs of significant movement – up or down – has been challenging. A recently occurring moving average crossover is worth monitoring, however. On Oct. 28, BTC’s 10-period moving average crossed above its 50-period moving average. BTC’s price dating back to Jan. 1, 2015, shows this trend occurring 27 times over 2,862 trading days.
Following each occurrence, BTC’s price increased by 3% on average for every seven days. BTC prices were about 10% higher on average for 30-day periods following the same signal. A comparison to all trading data over that period suggests that investors who have gone long BTC following that signal have slightly outperformed a buy-and-hold strategy.
Source: News Formal (newsformal.com)
JPRubin23 GWilliamsJr_CMT _jocelynyang_ I'm going to spend as much usdt as I can to buy bitcoin and am confident of growth
JPRubin23 GWilliamsJr_CMT _jocelynyang_ I saw a turn after I heard rates have a far way to go - told my wife ' expect 15% interest rates ' that and the fact the New bricks agreement / coallition - ....
JPRubin23 GWilliamsJr_CMT _jocelynyang_ Thanks a millon
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