Quote from: Hui8 on April 05, 2018, 11:49:45 AM

Quote from: totol05 on April 05, 2018, 11:42:49 AM

50 day average on BTC is approaching the 200 day moving average

This is known as a Death Cross spooks the heck out of traders, I'm thinking that it maybe it will be pivotal point for BTC and as DO is correlating with BTC currently it could be a spike down, opportunity to buy more at bargain basement prices

The death cross for the BTC is around the 4.5K USD rates.

the average for the last 200 days is not $4.5k
what your thinking of is the price 200 days ago. not the average of 200 days

though many people have all these trending names like death cross.. what people need to realise is that by having all these trends.. its not predicting the future. its actually causing many people to react at a certain point in the future due to the past.
like a self fulfilling prophecy.
in short its the trends that causes further trends because everyone sees the same data and ends up reacting at the same time.
EG if you watch traffic light trends that go red every 50 seconds.. you start to learn a pattern and count in your head that if your near a junction at 48 seconds you should put your foot on the brake.
everyone starts learning to put their foot on the brake
even if the light doesnt go red, everyone is putting their foot on the brake slowing down the traffic.

none of the sheep in traffic (unless smart) decide screw it lets accellorate because the light is actually green. too many people are trusting the past trend of red, instead of actually looking at the reality of green
so dont being a sheep by just relying on trends

any way, watch out. because people do throw a curve ball and mess up your strategy by going against trends, because some are not sheep. if all you are going to do is base your trades on the past, then you are playing into the sheep game of following past trends. youor locking yourself into a circular cycle

dont be a sheep. everyone sees the same trends so following them is nothing special. get out of the circular cycle and get ahead of the game