The braid group on two strands is isomorphic to $\mathbb{Z}$, and 3-moves let you work instead in $\mathbb{Z}/3\mathbb{Z}$. In a knot diagram, this means a sequence of two right/left-hand crossings can be replaced with a single left/right-hand crossing (respectively), in addition to the ability to introduce or eliminate sequences of three crossings.
In the following picture, $\sim$ is knot equivalence and $\sim^\text{3-move}$ is 3-equivalence.
![3-moves on trefoil, figure-eight, and another knot](