Bitcoin's Moving Averages (Fibonacci, Weekly)
Diupdate
Continuing this series on moving averages, here they are using the Fibonacci Sequence. We have already done this for daily closes and other periods.
Using weekly closes, I have overlaid the SMAs and EMAs of commonly used sets. The same color represents the same set of periods while the brighter color is the EMA and the duller color is the SMA.
Starting with the 5th number of the Fibonacci Sequence:
5 black
8 orange
13 red
21 pink
34 purple
55 dark blue
89 light blue
144 light green
233 black
377 orange
...
Using weekly closes, I have overlaid the SMAs and EMAs of commonly used sets. The same color represents the same set of periods while the brighter color is the EMA and the duller color is the SMA.
Starting with the 5th number of the Fibonacci Sequence:
5 black
8 orange
13 red
21 pink
34 purple
55 dark blue
89 light blue
144 light green
233 black
377 orange
...
Catatan
Forgot to update the indicator's color scheme before posting. Teal between light blue and light green would make the corrected legend for this chart:5 black
8 orange
13 red
21 pink
34 purple
55 dark blue
89 light blue
144 teal
233 light green
377 black
610 orange
...
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