I have been using a set of moving averages, ma6, 18, 36, 72, 144. I haven't seen anyone use them in the currency circle before, so many people find it strange and often ask me what logic. Actually there are many kinds of use averages, conventional 5, 10, 30, and according to the magic number 5, 13, 21, 34, 55 set, or is the commonly used 50, 200, foreign exchange market in either, are for the calculation of transaction costs, but which one is suitable for the market, in fact, I don't know, just in my years trading has been used. But when applying at digital money analysis, discover to have magical effect really, I guess, because the banker that fry a coin possibly, a lot of from the stock market turn war come over, so they take the tool that oneself are used to also came over. In the use of moving averages, one of my favorite analysts, Mr. Williams, who is also the inventor of the wr index, recommended the ma18 moving average.
This happens to coincide with the moving average system I used, so I think this set of moving averages with ma18 as the axis should have a very magical effect. In reality, we've also looked at historical trends and found that the ma18 or ma6 is very much used in the digital currency market, so it's a bit of a flub.
We see this wave of adjustment, the bulls force ma18 not broken, then, the focus of the two sides for the inevitable here, once the loss of ma18, means the long camp is likely to produce a split, thus bringing more space to adjust. So keep an eye on this magic number.