You will probably never get a more certain buy in range when buying below or on, the 200 week moving average. Since it started tracking in June 2015 its been a great indicator of a correction or bearmarket bottom. I will wait and see if the current draw down reaches the 200 week MA this year before building positions.
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$22,800 I bought back in, lets see if this was the correct trade.
I am following my own trading strategy, as all trading view users should.
I think your level for buy range already touched check busd chart
YellowRaincoat
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@faiqasad89, Im buying when the candle touches the 200 Week MA. sorry I put the green circles, they are not the buy in ranges, they just highlight the price action.
donjoe666
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which MA 200 exactly do you use ? if i add a MA 200 the line is very short , it starts at 2021 - if this does make any sense
YellowRaincoat
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@donjoe666, I use the Simple moving average & try making sure you are using Bitstamp, not Coinbase etc, it has the longest price history of any exchange. Also make sure you have your candles set to weekly (So that each candle represents 1 weeks worth of price action) Hope this helps!