OPEN-SOURCE SCRIPT
Moving Average Channel
Intended for use on BTC long term (BNC:BLX Weekly) with Logarithmic charts only
As Bitcoin is adopted, it moves through market cycles. These are created by periods where market participants are over-excited causing the price to over-extend, and periods where they are overly pessimistic where the price over-contracts. Identifying and understanding these periods can be beneficial to the long term investor. This long term investment tool is a simple and effective way to highlight those periods.
Buying Bitcoin when the price drops below the green line has historically generated outsized returns. Selling Bitcoin when price goes above the red line has been historically effective for taking profits.
NOTE: 144 Week = 2¾ Years. 104 Weeks = 2 Years. Originally created by Philip Swift
As Bitcoin is adopted, it moves through market cycles. These are created by periods where market participants are over-excited causing the price to over-extend, and periods where they are overly pessimistic where the price over-contracts. Identifying and understanding these periods can be beneficial to the long term investor. This long term investment tool is a simple and effective way to highlight those periods.
Buying Bitcoin when the price drops below the green line has historically generated outsized returns. Selling Bitcoin when price goes above the red line has been historically effective for taking profits.
NOTE: 144 Week = 2¾ Years. 104 Weeks = 2 Years. Originally created by Philip Swift
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.