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DropDead_Fed

Bitcoin major support on weekly 21/55 EMA and Monthly 21 EMA

Long
Bitcoin (BITSTAMP:BTCUSD)  
DropDead_Fed  
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns Technical Indicators Beyond Technical Analysis exponentialmovingaverages
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chartpattern indicator beyondta exponentialmovingaverages
It's doubtful at this stage bitcoin will ever get below $8000k because of the major fast rising exponential moving average (EMA) supports which include:

Weekly 21 ($9310) and 55 ($7720) EMAs
Monthly 5 ($9200) and 12 ($7850) EMAs

(All values using Bitstamp)
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