A cross above the 200-dma may not be a bad sign. No guarantees of course, and you won't nail the bottom but it might signal that the worst is in the rear view mirror. Looks to be still a way to go before this happens though. https://bitcoincharts.com/charts/bitstampUSD#tgCza1gSMAzm1g200zm2g25zl Anyone got anything better than this?
That link (bitcoin charts) doesn't work, or my OS just says virus, or certificate maintenance problem ahead.. Could you please post a screenshot of the chart?
Start here... https://www.lookintobitcoin.com/charts/ https://glassnode.com/ The past never guarantees the future, of course, so choose position size appropriately, as I know you know. FWIW, based on cycles we'll reach (/reached) the bottom sometime between Sept 2022 and June 2023 (approx). I'm covering my last BTC short future contract in December. I'll continue to hold my long OTM puts, though, as insurance against my accumulating long cold-storage BTC (and other crypto). EDIT: I'll add that MA systems will work for assets that exhibit sustained trends (ie: positive serial correlation of PLs). Due to BTC's cyclical nature, caused by the halving cycle and amplified by human psychology, BTC has positive serial correlations and therefore MA systems work (and will continue to do so for as long as human psychological reactions to the known halving schedule persist.) That said, there are better timing methods than MA since we know the causes of the trends...