What is the orange blob?

Reply to this note

Please Login to reply.

Discussion

The orange hill is the 350 week moving average. It shows a level we've never gone below, presumably filled with #Bitcoin that has no plans to move and growing.

The blue line is the 30 week moving average. It seems to show whether we are in a local bull market or bear market.

The bottom chart is the logarithmic MACD, which shows pretty effectively whether momentum is taking us up or down.

Disclaimer: save #bitcoin don't trade #bitcoin.