377ma offset 233 - this line is perhaps the best moving average out there based on my experience and we had a bounce on it once more. Last time it marked the bottom at 19-20k and I am hoping it marks the new bottom here.
If you plot this MA and observe the BTC chart on the 3h, you will see its significance. I dont know why it works I just know it is one of the most significant lines in crypto - above it = bullish, below it - bearish. It works on every timeframe and sometimes you have to change timeframe to see which one is relevant for the moment, at least thats how I use it.
Since its such a macro moving average, it has a lot of information in it and it is even significant on the 1 minute chart for breakouts/breakdowns or failed breakouts/breakdowns.
So, long story short, I think its time to long!
If you plot this MA and observe the BTC chart on the 3h, you will see its significance. I dont know why it works I just know it is one of the most significant lines in crypto - above it = bullish, below it - bearish. It works on every timeframe and sometimes you have to change timeframe to see which one is relevant for the moment, at least thats how I use it.
Since its such a macro moving average, it has a lot of information in it and it is even significant on the 1 minute chart for breakouts/breakdowns or failed breakouts/breakdowns.
So, long story short, I think its time to long!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.