BTC: Price under SMMA + RSI over sold (under 40) = accumulate?

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Something I noticed on the Bitcoin 0.56% 0.69% weekly chart is that before the second and third bull run, while the price was under the SMMA ( Smoothed Moving Average ) and the RSI was oversold (under 40 in this case), it would have been a good idea to accumulate Bitcoin 0.56% 0.69% .

Is this a reliable indicator for future buying opportunities? What are arguments against this theory?

If you see any mistakes or anything interesting you wish to discuss, fire away.

Thanks for viewing.

What the freak is a smoothed average?
danielstrading.com/education/technical-analysis-learning-center/smoothed-moving-average

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