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The Green Days [30] Index for the crypto market shows the average number of green days for the top 10 cryptocurrencies over the past 30 days. Days are counted as green days when a cryptocurrency experiences a value increase within the day.
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The Green Days [30] Index for individual currencies shows the number of green days within a 30-day period. Days are counted as green days when a cryptocurrency experiences a value increase within the day.
The Green Days Indicator follows a simple principle: If a cryptocurrency shows a value increase from the open price to the close price within a day, it is considered to have risen, and it counts as a "green day."
The open price is the initial trading value of an asset within a specified time frame, typically at the start of the day. In conventional finance, this value usually differs from the previous day's closing price. However, in the crypto market, which operates 24/7, the opening and closing prices are naturally aligned.
The close price is the final trading value of an asset within a specified time period, usually a day.
Colors & Values
NEGATIVE
0-10
NEUTRAL
10-20
POSITIVE
20-30
For individual currencies, the green days are calculated directly from the currency's historical data.
In the _crymet crypto market green days [30] | top10 avg., an average is formed by calculating the mean of the green days of the top 10 cryptocurrencies, providing insights into a broader spectrum of market movements.
While the Green Days Indicator offers useful insights into market trends, it should not be solely relied upon to predict future prices of Bitcoin or other cryptocurrencies. Instead, it serves as a supplementary tool for traders to enhance their decision-making processes.
Nothing in this article constitutes professional or financial advice, and no information in this article represents a comprehensive or complete statement of the matters discussed. All content in this article does not pertain to the specific circumstances of any individual or organization and is of a general nature.
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