BTC Longs breaking out while BTC respects the 377 SMA

Something has changed, a large player keeps pumping BTC back above the 377 SMA as we chop sideways. The longs are building up and speaks volumes about the change in market sentiment. If we drop lower than I expect a full bottom lower then the Nov 2018 3100 bottom. As for now I expect to chop sideways and for us to keep respecting the 377 SMA which will bring the necessary MA crosses to propel us back above the 21 weekly where we will spend the next several months. The real question is .... Was the .618 bottom?