BTC 2-Year MA Multiplier

Sept 23,2022
According to KingData monitoring, BTC current price goes above the 2-Year MA x 5. Theoretically, it is a sell signal to escape the top, and selling Bitcoin will get a larger profit. BTC current price is $19447.11, 24h change is 5.24%. 2-Year Moving Average is $ 37606.38 2-Year Moving Average x 5 is $ 188031.88
The Bitcoin 2 Year MA Multiplier indicator is designed to be used as a long-term investment tool which highlights the periods in which buying and selling Bitcoin will generate great returns. The indicator uses the 2 Year Moving Average line (equivalent to the 730 day line, green line), and a 5x product of the moving average line (red line). Historically, when the price drops below the 2 Year Moving Average line (green), it is a bottoming buy signal and buying Bitcoin will generate excess returns. When the price goes above the 2-year MA x 5 line (red), it is a top sell signal and selling bitcoins will yield a large gain. (Note: The above content is for your reference only and does not constitute investment advice.)