Snuffles Wisdom: Why the 200 Day Moving Monkey Actually DOES Matter…

Snuffles Wisdom: Why the 200 Day Moving Monkey Actually DOES Matter…
January 06 16:37 2019 Print This Article

I am going to easily depict why the 200 day moving average does actually matter converning price and time on the chart. The 200 day moving average i simply the average price of the past 200 day “Closing Prices” plotted on a chart to show an average. You can see this on the chart below as the red line on a daily basis.

Look at how the red line simply holds price above it when price is trending up and hold price below it when price is trending down. Some will call this VOODOO, but this is a very simple mathematical average that will give you the OVERALL BROAD trend of the market. It is not voodoo, it is actual data that is backed by math, numbers, averages, patterns, and cycles; which is all markets are. Throw emotions in there and you get bottoms and tops.

If you want to know which way the market is TRENDING, there is no easier way than to look at the 200 day MA.

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heyimsnuffles
heyimsnuffles

Just Climbing the Wall of Worry and Picking the Right Time to Get out of the Way. I am a Nuclear Engineer who quit and has studied global and crypto markets for almost a decade.

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