Educational Post
The simple moving average (SMA)
The SMA takes data from a set period of time and produces the average price of that security for the data set. The difference between an SMA and a basic average of the past prices is that with SMA, as soon as a new data set is entered, the oldest data set is disregarded. So if the simple moving average calculates the mean based on 10 days worth of data, the entire data set is constantly being updated to only include the last 10 days.
It's important to note that all data inputs in an SMA are weighted equally, regardless of how recently they were inputted. Traders who believe that there's more relevance to the newest data available often state that the equal weighting of the SMA is detrimental to the technical analysis. The exponential moving average (EMA) was created to address this problem.
Pin our channel on top to never miss a signal or educational post. @tamil_btc
The simple moving average (SMA)
The SMA takes data from a set period of time and produces the average price of that security for the data set. The difference between an SMA and a basic average of the past prices is that with SMA, as soon as a new data set is entered, the oldest data set is disregarded. So if the simple moving average calculates the mean based on 10 days worth of data, the entire data set is constantly being updated to only include the last 10 days.
It's important to note that all data inputs in an SMA are weighted equally, regardless of how recently they were inputted. Traders who believe that there's more relevance to the newest data available often state that the equal weighting of the SMA is detrimental to the technical analysis. The exponential moving average (EMA) was created to address this problem.
Pin our channel on top to never miss a signal or educational post. @tamil_btc
1/🚨Big update in crypto from the Indian🇮🇳 parliament.
a) Existing AML & CFT guidelines now apply to foreign crypto exchanges serving the Indian market.
b) Registration process initiated for offshore Virtual Digital Asset (VDA) service providers, akin to foreign exchanges.
c) Major action will be taken against offshore exchanges if found non compliant.
a) Existing AML & CFT guidelines now apply to foreign crypto exchanges serving the Indian market.
b) Registration process initiated for offshore Virtual Digital Asset (VDA) service providers, akin to foreign exchanges.
c) Major action will be taken against offshore exchanges if found non compliant.
1. $ETH Staked Realized Price Breakout: The surge in Ethereum's value is attributed to a breakout in the realized price of staked ETH.
2. Deflationary Phenomenon Intensifies: Ethereum is experiencing an intensification of deflationary factors, contributing to its upward trajectory.
3. Grayscale Ethereum Trust Premium Gap Narrowing: The narrowing gap in the premium of Grayscale Ethereum Trust adds to the overall positive sentiment, influencing the rise of $ETH.
2. Deflationary Phenomenon Intensifies: Ethereum is experiencing an intensification of deflationary factors, contributing to its upward trajectory.
3. Grayscale Ethereum Trust Premium Gap Narrowing: The narrowing gap in the premium of Grayscale Ethereum Trust adds to the overall positive sentiment, influencing the rise of $ETH.
The $45k Threshold: A Turning Point for Bitcoin's Medium-Term Investors
1. Significance of $45k:
The $45k mark is pivotal for Bitcoin, representing the cost basis for investors who acquired Bitcoin 2 to 3 years ago.
2. Investor Cohort Impact:
This cohort, holding 16% of the Bitcoin supply, plays a significant role in the market dynamics.
3. Realized Cap Impact:
Investors at the $45k threshold represent 33% of the Realized Cap, underscoring their influence on the market.
This convergence at $45k marks a crucial juncture for medium-term Bitcoin holders, shaping the narrative and potential future market trends.
1. Significance of $45k:
The $45k mark is pivotal for Bitcoin, representing the cost basis for investors who acquired Bitcoin 2 to 3 years ago.
2. Investor Cohort Impact:
This cohort, holding 16% of the Bitcoin supply, plays a significant role in the market dynamics.
3. Realized Cap Impact:
Investors at the $45k threshold represent 33% of the Realized Cap, underscoring their influence on the market.
This convergence at $45k marks a crucial juncture for medium-term Bitcoin holders, shaping the narrative and potential future market trends.
[XWallet Withdrawal Notification] The XWallet will be discontinued on Dec 31, 2023. Please withdraw your assets now. For inquiries, contact support@pundix.com.
BTC Brokedown The Bullish Pennant Pattern, Now BTC Has Its Next Support At $42000 Area.
So Keep An Eye On $42000 Support Area👀
So Keep An Eye On $42000 Support Area
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LayerZero token & airdrop coming soon!
Source :
https://twitter.com/LayerZero_Labs/status/1732862812710449466?t=LnPPv1Qwr-VfE6dpFBCpJA&s=19
Source :
https://twitter.com/LayerZero_Labs/status/1732862812710449466?t=LnPPv1Qwr-VfE6dpFBCpJA&s=19
X (formerly Twitter)
LayerZero Labs (@LayerZero_Labs) on X
LayerZero has always been built with the ability to have a native token within the protocol, as can be seen in the immutable code launched on day 1. We’ve heard the community discussion over the last few months and the lack of clear communication around this.…
[MEXC Kickstarter] Win Free 375,000 NFTC & 20,000 USDT Airdrops by Voting Now!
Dear MEXC Affiliates,
📣[Initial Listing] MEXC Kickstarter - Vote NFT Combining (NFTC) to Win Free 375,000 NFTC & 20,000 USDT Airdrops!
⏰Voting Period: 2023-12-07 10:00 to 2023-12-08 09:50 (UTC)
👇🏻Registration Eligibility:
Hold at least 1,000 MX or more for 15 consecutive days before 2023-12-06 16:00 (UTC)
tamilbtc.com/mexc
Dear MEXC Affiliates,
📣[Initial Listing] MEXC Kickstarter - Vote NFT Combining (NFTC) to Win Free 375,000 NFTC & 20,000 USDT Airdrops!
⏰Voting Period: 2023-12-07 10:00 to 2023-12-08 09:50 (UTC)
👇🏻Registration Eligibility:
Hold at least 1,000 MX or more for 15 consecutive days before 2023-12-06 16:00 (UTC)
tamilbtc.com/mexc
#EDUCATIONAL_POST:
A morning star is a visual pattern consisting of three candlesticks that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend.
A morning star is a visual pattern consisting of three candlesticks that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend.
Bullish or Bearish on $ETH? | @TamilBTC @NammaCrypto https://youtu.be/kRB7YzO69O0?si=G-A9_0ILo2RHJDax
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Bullish or Bearish on $ETH? | @TamilBTC @NammaCrypto
NammaCrypto is an information resource dedicated to Bitcoin, Blockchain,ETF,DeFi,METAVERSE,IEO,IDO,IFO and decentralized technologies. Cryptocurrency events, Bitcoin price analysis, op-ed's, crypto technologies, and all the news about Bitcoin. Working for…