The Real Death Cross for Bitcoin - Have we been focused on the wrong Moving Averages?

in #bitcoin6 years ago (edited)

Stock markets use the 200 day MA and 50 day MA because one represents 40 weeks of trading, while the the other - 10 weeks. This makes sense for markets that only trade 5 days per week. Crypto markets trade 7 days per week, not 5. Would it not make a lot more sense for us to use the 70MA and the 280MA?

Let's compare the charts

Here's the 50MA/200MA

50-200-Death_Cross_zoomoutmore.png

And now, the 70MA/280MA

70-280-Death_Cross_Zoom_out_more.png

And here's 2014, with both sets on the chart.
2014_70-280-deathcross.png

Yellow and Blue are 70 /280, Purple and Red are 50/200.

The 70 and 280 MAs appear to be more significant to me. What do you guys think?

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For future viewers: price of bitcoin at the moment of posting is 8440.00USD

This post has received a 1.40 % upvote from @booster thanks to: @ashaman.

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