Price analysis of bit coins (late April 2018 edition) @asswonks
Although it is a virtual currency that has received attention from the end of last year, it is a bit coin that can also be called its "base axis".
Referring to the moving average line ( MA ), we are currently entering the Golden Cross. It is thought that the main reason is a statement acknowledging Islamic virtual currency as an asset and the fact that funds return to virtual currency after the US tax return season ends.
Also, in Arroon ( Aroon ), the UP line pushes up the DOWN line from the bottom , keeping on top, it can be regarded as a bull market.
In the moving average convergent diffusion method ( MACD ), it also shows a buying signal, indicating that it is a bull market.
The current bit coin seems to be bullish on technical analysis. There is a feeling that it has exhausted minus material also on fundamentals, and it is expected that the stable rise will continue for a while for the future.
▼ What is a moving average line ( MA ) A
moving average line is a line that connects average values of prices over a certain period .Depending on the averaging period, short-term lines (lines derived from relatively short-term average values such as 5 days) and long-term lines ( lines derived from relatively long-term average values such as 20 days) etc. Are used separately. The phenomenon that the short-term line pushes up the long-term line from the bottom to the top is called "Golden Cross", and the phenomenon that the short-term line pierces the long-term line from the top downward is called "Dead Cross".In the case of "golden cross" often become "upward trend", in the case of "dead cross", "decline Torre often be a command".
▼ What is Arroon ( Aroon ) is
an indicator to judge a trend turning point and whether a trend is occurring.
As a judgment criterion of the buying signal, it is suggested the beginning of the rising trend when the timing when the Arnon cross crossed down from the bottom to the top of the Arne Down or the Arnoise increased to 100 .
In addition, it means that an upward trend has been formed when the Arnon-up continues at 70 or more after that . When it falls by 50 %, it represents the end of the descent trend.
Sell Al sales as a criterion of signal Ndaun the same as in A rune down and Taimungu or A rune-up has been exposed on the A rune up from the bottom, 100 In the event of a suggests Hajimeri of the downward trend. Even after that, when the downward trend is 70 or more, it means that a downward trend has been formed.
▼ moving average convergence diffusion technique ( MACD and) the
moving average of the moving average and the medium- to long-term short Using Hitoshisen, method of determining the selling and buying.MACD generally follows the following cycle.
① When the basic line " MACD " is facing downward (descending rightward) and its moving average line "signal" is above " MACD ", think that the market is weak.
② After that, the adjustment of " MACD " becomes gentle, and when it goes over "signal", it goes to the timing of buying by saying Golden Cross.
③ I think that the market is strong when " MACD " is upward (rising upward) and exceeds "signal". After that, the rise of " MACD " becomes gentle, and if we go through "signal", we will start selling timing as dead cross.
Buy sign
Timing when the preceding MACD loses the same average ( SIGNAL ) from the bottom to the top(1) after 2 pieces of MACD if exceeds the both zero line further reliability is enhanced.
Selling sign
Timing when the preceding MACD loses the same average ( SIGNAL ) from the top to the bottom(1) after 2 pieces of MACD if falls below together zero line further reliability is enhanced.
Source: bit trade
https://lp.bittrade.co.jp