RE: Bitcoin Trend Series / EP. 592 / The Last Slump / Steem Bounty Reward

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Bitcoin Trend Series / EP. 592 / The Last Slump / Steem Bounty Reward

in bitcoin •  7 years ago 

it seems that BTC is reading you and respect your supports and resistances :) If anyone knows how you get those (horizondal lines? EMA?) i will llike to know. thx again for the info

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7 years ago by

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      ·  7 years ago 

    EMA=exponential moving average. This draws a line based on the average price for X number of days. Ex. EMA55 is the average price over 55 days. In most exchanges and analysis sites like tradingview.com you can pick EMA and whatever day interval you choose examples are 8,13,24,55, and 200 day averages. Hope that helps!

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