Bitcoin monthly candle barely closes above 21 EMA
Bitcoins April 2019 candle closed $5269, 20 bucks above the 21 monthly EMA.
Where are we today yellow or pink?
- In 2015 the 21M EMA proved to be important for Bitcoin's transition from bear to bull market.
- Price rejected by 21 EMA in July (yellow) before plummeting back to $200 at the 200W SMA.
- Price breakout above 21 EMA in Nov (pink) and supported by it for the rally to all-time highs at 20K.
Where are we today yellow or pink?
to infinity and beyond
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to infinity and beyond
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.