![Bitcoin’s [btc] movement above 200-day moving average more advantageous for bullish movement, says fundstrat’s thomas lee](https://ohiobitcoin.com/storage/2019/04/tl.jpg "Bitcoin’s [btc] movement above 200-day moving average more advantageous for bullish movement, says fundstrat’s thomas lee")
Thomas Lee, the Co-founder of Fundstrat Global, tweeted an analysis of bitcoin that explains how bitcoin moving above the 200-day moving average was more advantageous for BTC in terms of bullish movement, than bitcoin moving below the 200-day moving average.
Lee tweeted,
“Definitely a positive development that #bitcoin is now above its 200D mov. avg.
–Many consider P>200D as sign of $BTC in positive trend
–BTC acts significantly better P>200D, a win-ratio of 80% vs 36% when P<200D
source: data scientists @fundstrat_ken @AlexKernA”
![Bitcoin’s [btc] movement above 200-day moving average more advantageous for bullish movement, says fundstrat’s thomas lee](https://i1.wp.com/ambcrypto.sfo2.digitaloceanspaces.com/2019/04/tl.jpg?resize=696%2C439&is-pending-load=1#038;ssl=1 "Bitcoin’s [btc] movement above 200-day moving average more advantageous for bullish movement, says fundstrat’s thomas lee")
![Bitcoin’s [btc] movement above 200-day moving average more advantageous for bullish movement, says fundstrat’s thomas lee](https://i1.wp.com/ambcrypto.sfo2.digitaloceanspaces.com/2019/04/tl.jpg?resize=696%2C439&ssl=1 "Bitcoin’s [btc] movement above 200-day moving average more advantageous for bullish movement, says fundstrat’s thomas lee")
Source: Twitter | Thomas Lee
As seen in the chart, bitcoin moving above the 200-day moving average has a higher win ratio, as compared to that of bitcoin moving below the 200-day moving average. This means that if bitcoin moved above the 200-day moving average, the bulls would have a higher probability of continuing the trend upwards. There have been a total of 1765 instances in the past when bitcoin has moved above the 200-day moving average, which is 66% of the total instances.
However, bitcoin has moved below the 200-day moving average 923 times, which is 34% of the total. The win rate for this move is 36%, which is considerably less when compared to the other scenario.
Additionally, Lee also mentioned the performance of BTC in a 10-day time frame. Lee stated,
“Reminder that BTC generally generates all of its performance within 10D of any year.
–ex the top 10 days, BTC is down 25% annually since 2013”
2/ Reminder that BTC generally generates all of its performance within 10D of any year.
–ex the top 10 days, BTC is down 25% annually since 2013— Thomas Lee (@fundstrat)
Additionally, Lee compared the performance of BTC to equities like the S&P 500 in his tweet. He tweeted,
“For equities, ex-top 10 days, the S&P 500 only cedes 300bp per annum.
–the obvious conclusion is top 10 days way more influential for BTC than equities
–HODL the other 355 days?”
![Bitcoin’s [btc] movement above 200-day moving average more advantageous for bullish movement, says fundstrat’s thomas lee](https://i0.wp.com/ambcrypto.sfo2.digitaloceanspaces.com/2019/04/d.png?resize=434%2C203&is-pending-load=1#038;ssl=1 "Bitcoin’s [btc] movement above 200-day moving average more advantageous for bullish movement, says fundstrat’s thomas lee")
![Bitcoin’s [btc] movement above 200-day moving average more advantageous for bullish movement, says fundstrat’s thomas lee](https://i0.wp.com/ambcrypto.sfo2.digitaloceanspaces.com/2019/04/d.png?resize=434%2C203&ssl=1 "Bitcoin’s [btc] movement above 200-day moving average more advantageous for bullish movement, says fundstrat’s thomas lee")
Source: Twitter | Thomas Lee
@oNealN47de, a Twitter user, commented,
“So doesn’t this imply you stay invested long term to capture those significant gains? Chances you will miss out if trying to trade. Agree?”
The post appeared first on .
Published at Thu, 04 Apr 2019 05:09:01 +0000
