Post
Topic
Board Trading Discussion
Re: BTCiTrade.com - Is this something serious..??
by
hugeblack
on 08/03/2024, 08:10:11 UTC

I'm a bit surprised on BTCiTrade indications.  Seems like it's acting pretty accurate as things are going right now..??  Is this something to really keep an eye on, do you think..??
I do not think it is accurate. If you are talking about ---> https://www.btcitrade.com/, the site relies on short-term moving averages for 3 weeks, 2 weeks, 1 week, and so on. This reliance will not be accurate in the long term because it gives a higher value to the short-term variables in exchange for lower values for the variables. Long term.
Meaning that this tool is now accurate, but it fails to predict market trends because it monitors a very short range.