Bitcoin's Moving Averages (Common Daily, Weekly, & Monthly SMAs)
This is a comparison of Simple Moving Averages (SMAs) for commonly viewed periods using closing data for difference periods.
I have overlaid the SMAs for the following sets of periods using Daily, Weekly, and Monthly closes.
10 black
20 orange
50 red
100 pink
200 purple
500 dark blue
1000 light blue
1500 light green
2000 black
2500 orange
3000 red
3500 pink
4000 purple
4500 dark blue
...
Is there any significance between the relationship between the 100 day, 100 week, and 100 month SMAs?
Are you surprised that the 1500 day and 50 month trend so closely?
Can one or a group be more useful than others?
A necessary consideration when determining the usefulness of multiple moving averages is how they relate to each other. The relationship of these moving averages are baked into the fact that we use numbers in base 10 for the selected set, where as, the periods used have changed based on our accepted grouping of days and divisions of a solar year.
I have overlaid the SMAs for the following sets of periods using Daily, Weekly, and Monthly closes.
10 black
20 orange
50 red
100 pink
200 purple
500 dark blue
1000 light blue
1500 light green
2000 black
2500 orange
3000 red
3500 pink
4000 purple
4500 dark blue
...
Is there any significance between the relationship between the 100 day, 100 week, and 100 month SMAs?
Are you surprised that the 1500 day and 50 month trend so closely?
Can one or a group be more useful than others?
A necessary consideration when determining the usefulness of multiple moving averages is how they relate to each other. The relationship of these moving averages are baked into the fact that we use numbers in base 10 for the selected set, where as, the periods used have changed based on our accepted grouping of days and divisions of a solar year.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.