First test of the Weekly 21 EMA this Bull Run?
Several months ago I posted a chart and commented on the 2017 Bull Run played off the
Weekly 21 EMA. This Bull Run has not tested the Weekly 21 EMA in over 30+ weeks!! It's called a "Moving Average" and the average is way over due. The 21 EMA also lines up with the middle Bollinger Band... I like the confluence. A dip below the 21 WEMA for a day or 2 is possible in order to fill in the VPBR and make a solid Volume Profile. That dip would be to $38-40K
So... In Short more downside would at least graze the Weekly 21 EMA, not touched in 32 Weeks, as long as BTC CLOSES ABOVE the Weekly 21 EMA , all is still healthy. Resets all indicators also.
Immediately down and a huge bounce👍
Please reply with your thoughts
Weekly 21 EMA. This Bull Run has not tested the Weekly 21 EMA in over 30+ weeks!! It's called a "Moving Average" and the average is way over due. The 21 EMA also lines up with the middle Bollinger Band... I like the confluence. A dip below the 21 WEMA for a day or 2 is possible in order to fill in the VPBR and make a solid Volume Profile. That dip would be to $38-40K
So... In Short more downside would at least graze the Weekly 21 EMA, not touched in 32 Weeks, as long as BTC CLOSES ABOVE the Weekly 21 EMA , all is still healthy. Resets all indicators also.
Immediately down and a huge bounce👍
Please reply with your thoughts
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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.