Crypto news agency CoinDesk explained that their strategy that correctly predicted the end of the previous two declines in Bitcoin (BTC) indicates that we are at the end of the current decline.
CoinDesk, August 23 In the news of you guessed the ending correctly and claimed to produce signals that could be interpreted as the end of the current decline. agency before 2015 and 2019 The new signal of the strategy, which left millions of investors upset with the signals it gave in its declines. backwards stated that the assessment may be reasonable.
The team’s strategy weekly followed in the period 50 and one hundred bar from the intersection of simple moving averages a kind of trend follower buy sell signal It has a very simple structure that consists of applying it as an application.
As seen on the graph 2015 and 2019 50-day moving average and 100-day moving average in years to fall under Afterwards, the prices recovered and continued the upward trend. CoinDesk takes this data as a reference and evaluates the past two signals, and it is also a possibility that the 50-day moving average falls below the 100-day moving average in the current situation. buy signal claims to be interpreted as
Experts say that CoinDesk’s strategy is very do not find it plausible stated. In the weekly period, Bitcoin has not yet technically not in a downtrend explained. Due to the structure of moving averages, price changes late to react and incorrect signal generation, in an emerging market back off it is quite common to encounter a natural phenomenon stressed that.