BTC 1970 and 1420 Daily Simple Moving Averages Are Your Friend1420 Daily SMA - This is basically the 200 Week Simple Moving Average. It’s held pretty consistently throughout BTC’s history and only been violated twice since 2015. Once during the Covid market meltdown of 2020, and once during the 3AC meltdown of 2022. These two violations have held at around the 1970 daily SMA
1970 Daily SMA - This was formed on March 13, 2020 during the Covid market crash. It also marked the local bottom of the crash on 2022, which bottomed on June 18, 2022.
During future market crashes, one should start buying with size near these two levels. This will provide you with excellent market positioning for future bull markets.
