Sure.. it could tell us to accumulate more and not to sell, and surely it is better to attempt to be ahead of these kinds of points so that you are not feeling desperate during times in which the BTC price is bouncing within ranges that are historically low.
We cannot completely know what to do, even though we can attempt to try to use history to our advantage, and hope that we are not choosing wrong in terms of how much we are investing or if we choose to change our level of aggressiveness based on any of the moving average indicators, including the 200-WMA.
That's the main thing I want to know that what to do in the period when spot price goes below 200-WMA. It's good time to accumulate Bitcoins rather to sell. If you see past price of Bitcoins then in the long run spot price always recovers no matter how much down it goes. So based on past price of Bitcoin we must not get worry even if price of Bitcoin is going below 200-WMA.
June 2022 to October 2023, I think that's the same duration when price of Bitcoin goes below 20k and just imagine if somebody has bought BTC at that price then how much profit he is having right now.
That seems to be the correct conclusion, so long as bitcoin continues to perform.. and surely we have a lot of craziness in recent times with what seems to be ongoing attacks on the ability of normal folks to use bitcoin for transacting, and including the ongoing flow of money into the bitcoin spot ETFs. It is hard to say how much bitcoin's reputation and investment case can get damaged when so much money seems to be getting put into crappy aspects that are questionable whether anyone is making money in such process of keeping the onchain fees so persistently high, so it is costing those inscription/ordinal generating folks a lot of money to keep using the bitocoin blockchain in such way that increased just a couple of days ago at the time of the halvening with the introduction of Runes... .. so many folks are still watching how long the fees are going to stay so high and will there still be opportunities for the blockchain to be used for relatively normal transactions.. as I had many times been mentioning to members that they need to be careful in terms of their generating smaller UTXOs that might come unusable during times like this.. and so then there is either a need to wait until the fees come back down (and surely they should), or maybe figuring out other ways to transact with bitcoin, which might be acceptable, yet less preferable if many of us are forced into having to use solutions that overly rely upon 3rd parties in the custody or transacting of our coins..
As far as ETF thing is concerned, its not something new. Whenever there is something new people rush after that. Remember 2017 ICOs? There was huge money going into ICO and after that we have IEOs then come NFTs and so on. Right now its ETF era and it's normal that people will rush after that. Let's just wait and see how long it lasts.
There are many folks around who are investing in ETFs but I am one of few who is least interested in this ETF stuff. I believe that simple Bitcoin investment is better then going for ETFs.