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RE: Investing 101: An Easy Way to Spot When a Market (Crypto or Stocks) Is Overextended
Is this also true for the 100 day and 50 day? I have been introduced to these concepts from datadash but I haven’t fully understood them yet.
In the end, one could use any period moving average they like. I know people that use 20 day even for day trading. I've found with crypto the less "noise" I have the better my results.
Your best bet is to just look at the 100 day and see if it comes into play or not. The 200 day as a broad gauge I know is useful as I've used it for many years against all different types of investments.