Re: Two & Four Year MA's Claim It's Time To Accumulate Bitcoin
⭐ Merited by El duderino_ (2)
Anyone reason why you chose to use the 2 year and 4 year MA instead of the 200 weekly moving average that most people are plotting on the BLX index. Basically it has held everytime and got us out of the bear market back in December 2018.
Whether you want to see it as the 200 Week (1400 Days) or 4 Year MA (1460 Days) isn't relevant in this case, there's only a couple of months between these long-term MAs. The Point is not about differentiating between these, but looking at things from a different perspective.
On reflection, the 100 & 200 Week MAs are what traders use, the yearly MAs are physiologically more relevant to long-term investors and therefore accumulation periods.
From the following screenshot, I think you'll agree that the 730 MA has been a lot quicker and more accurate in identifying resistance than the 700 MA (old support):
Just noticed as well that these MAs even crossed at the end of October when price was around $9,500 which appears relevant. Notice how the 700 MA was acting as support, but now it's the 730 MA is acting as resistance (after the bear cross; a longer-term MA moving below a shorter-term MA):
Also, potentially relevant to the 4 Year MA (in comparison to the 200 Week MA):
Technically we dropped down to the 200 Week MA, but we didn't reach the 4 Year MA that was slightly lower. Arguably we haven't made contact during this current cycle, even if it was close enough that it might as well of been considered support. Unlike in 2015 when price found support after twice wicking below it.