/biz/ - >its a 'alts ride just under their 21 daily expone - Business & Finance

Anonymous (ID: +QaqKFQb) Archived

04/23/24(Tue)23:20:25 No.58426531

File: 1586520282159.png (247 KB, 618x597)

247 KB PNG

Anonymous (ID: +QaqKFQb) 04/23/24(Tue)23:20:25 No.58426531 Archived

>its a 'alts ride just under their 21 daily exponential moving average for a week episode'

Anonymous (ID: NkQbnr3H)
04/24/24(Wed)02:38:30 No.58426884

Anonymous (ID: NkQbnr3H) 04/24/24(Wed)02:38:30 No.58426884

>>58426531
But why 21 and daily specifically?

Anonymous (ID: +QaqKFQb)
04/24/24(Wed)05:05:42 No.58427083

Anonymous (ID: +QaqKFQb) 04/24/24(Wed)05:05:42 No.58427083

>>58426884
daily because thats the 'standard' time frame for dividing up price action because humans decided so based of things like the solar day. exponential moving averages track the price more closely. 21 is significant because its a part of the fibonacci sequence and the numbers in the sequence make for more readily understood units of time, the same way 50, 100, 200 units make sense for the simple moving averages

Anonymous (ID: ZBXxAptF)
04/24/24(Wed)05:13:21 No.58427087

Anonymous (ID: ZBXxAptF) 04/24/24(Wed)05:13:21 No.58427087

bro stop watching the fucking charts all day crypto is so fucking easy buy 1 week ago and sell in 2 months get a fuccking real job you retarded idiot TA is a fucking meme you are not gonna make money daytrading with FIBONACCI XD kys nigger