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!
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