Cryptocurrencies

What Does Bitcoin Have To Do With The Guppy???

The Guppy Multiple Moving Average (GMMA), developed by Daryl Guppy, an Australian trader is a technical indicator that identifies changing trends.  The GMMA combines two groups, a short-term and long-term set of moving averages with different time periods.

Another great feature of the GMMA is its ability to detect the strength of the trend. If the separation of the moving averages are wide, you typical have a strong trend. 

If the separation of the moving averages, typically denotes a weak trend.  

Lastly, no trend is denoted by the moving averages being flat/horizontal.

Bitcoin’s “super guppy” indicator has turned green for the first time since January 2018 in a signal confirmation of bull bias on the daily chart.

The shift is a welcome development for the bulls, who’ve managed to steer prices away from the recent monthly low of $3,194, last seen four months ago in December 2018, all the while slowly mounting pressure against the bears.

Source

So if the trend is your friend, the guppy is your puppy.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Related posts

Crypto Contest March 12: Groestlcoin

Markus Aarnio

I’m About to Change Your Perspective on the Current State of the Crypto Market

cryptos-decrypted

The Sunday Crypto Recap – Down the Rabbit Hole 74

cryptos-decrypted

Get involved!

Comments

No comments yet
Skip to toolbar