HOME> market conditions> [BTC market analysis] $ 11150 Support conversion of important lines!Continue to buy!Explain the method of moving average line! [2020/10 / 12-10 / 18]
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[BTC market analysis] $ 11150 Support conversion of important lines!Continue to buy!Explain the method of moving average line! [2020/10 / 12-10 / 18]

Today's BTC price forecast is released! Coingirls official traders open their strategies to keep up with the upcoming virtual currency trends!

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Last week's Bitcoin quote review

We will analyze and review the market price of BTC/USD from June 10st to June 12th.

Last week's highlights

Looking back over the past week, the points I would like to pay attention to are$ 11150 has turned to support and the uptrend continuesThat's the point.

The above image is an hourly chart of BTC USD.

In last week's article, I wrote that "there was an uptrend that broke above the cross-shareholding", but since then it has broken above the $ 11150 line and confirmed a strong uptrend.

Also, about the chart pattern of the iron plateLast week's articleIt is explained in, so please refer to it.

In addition, he explained about the entry, "I am aiming to buy at the support conversion around $ 11150", and last week was the week when the long occurred.

The image above is daily.

As you can see in the image, this line is an important line that has been changed to support many times in the past and is conscious.

I think it will continue to be noticed in the future, so let's keep an eye on it.

Explaining the method of moving average

TodayMoving average methodI would like to introduce.

By the way, last week's article"Chart pattern of bargain buy / return sale"Is explained, so please refer to that as well.

Types of moving averages

First, I will explain the types of moving averages.

There are three main types of moving averages.

Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Weighted Moving Average (WMA)

The seven.

Simple Moving Average (SMA)

Simple Moving Avarage is an abbreviation for Simple Moving Avarage.Averaged closing prices over a period of time.

It tends to lag behind market movements,Tendency to tell the movement of big trendsthere is.

Exponential Net Moving Average (EMA)

Exponential Moving Avarage is an abbreviation for Exponential Moving Avarage.Moving average with a focus on the most recent priceIt will be.

Therefore, than SMASensitive to market movementsIt will be.

You can quickly identify a trend change, but on the other hand, you tend to be more vulnerable because you are sensitive.

Weighted Moving Average (WMA)

Weighted Moving Average is an abbreviation for Weighted Moving Avarage.Moving average with a focus on the most recent priceIt will be.

However, it is less sensitive than EMA.

Why EMA is easy to use

I talked about the characteristics of the three moving averages, but personallyEMA is the strongestI think it is.

The reason is that the EMA is a moving average that emphasizes the most recent price.It works well on 15 and 30 minutes.

In particular, 200EMA is the most recommended, and the number of 200 days is easily recognized by traders all over the world.

Let's check it on the actual chart.

The image above is for 30 minutes.

It's a point I bought last week for $ 11150, but the combination of the horizontal line and 200MA is a good basis for a bargain.

It is a four-hour bar next.

This is also the latest chart, but you can see that the 200MA is working very well.

As you can see, the moving average is a very effective technical technique, so I hope you will be able to use it.

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Outlook this week

I will explain the market outlook for this week.

First, please see the 4-hour bar below.

We have been buying at around $ 11150 since last week and continue to hold long positions.

Possible future scenarios are

① It fell to $ 11150 again and rose from support
② High price update as it is
③ Ascend with 4MA touch for 200 hours

Is it around here?

For the time being, we have a buy position, so we will set the loss cut at the quoted price of $ 11150 and expect it to continue to rise.

This is the end of this week's market price analysis and review.

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[Women's association member who wrote this article]

Coingirls Certified Trader
Coingirls official female trader with 6 years of trader experience. I like watching the three major currency charts of BTC, XRP and ETH.
Read other articles by Coingirls Certified Traders

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