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amidaobscura

Bitcoin EMA 21 - 2 days - as "Buy the dip indicator"

Bitcoin (BITSTAMP:BTCUSD)  
amidaobscura Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns exponentialmovingaverages
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trendanalysis chartpattern exponentialmovingaverages
Bitcoin price has never crossed the 2 days, 21 EMA (exponential moving average) since the beginning of the bull market and seems to be, so far, (because anything can happen), a good indicator to spot "buy the dip" opportunities on high time frame.
Comment:
I meant EMA21 can not close "above" price > capitulation incoming. (first time publishing, can't edit apparently)
Comment:
BTC price did cross the line this time. But it hasn't closed below it, "yet". As far as I'm concerned this indicates weakness and so one needs to be careful and use proper money management. (You know what they say about "knife catching".)

Wait and see.
Comment:
As observed yesterday, the fact that the price crossed the line was indeed a red flag.
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