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Wema
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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
ADX is starting to lift offI been watching ADX/BTC for a while now and has just had a cross on the MACD and 9/30 EMA on the hourly. I bought in at 16810 sats when it had cleared on the 15min chart but would wait to see if it continues before buying in. Seem to be stuck around 17500 sat currently but big buy orders in the order book.
Good Trading
NOTE: I know it says KNC but I cant seem to change it, definetly for ADX
