I am going to easily depict why the 200 day moving average does actually matter converning price and time on the chart. The 200 day moving average i simply the average price of the past 200 day “Closing Prices” plotted on a chart to show an average. You can see this on the chart below as the red line on a daily basis.
Look at how the red line simply holds price above it when price is trending up and hold price below it when price is trending down. Some will call this VOODOO, but this is a very simple mathematical
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