We are moving up and down around 6600 without any attempt to move higher.
For now its pretty risky situation to hold BTC because I see such circle.
ALTS(XRP and so on)->BTC->USD.
BTC can break under 6400 where the bears will try short BTC.
In such periods its better to be in cash.
Why should the EMA30 matter so much? There are so many lines. We got the MA130 above us at 6800. And the MA200 at 7400. We are hardly going anywhere unless massive buy support from individuals with deep pockets.
1. There is broken formation when bitcoin drop and retrace to 61.8 and on and on. Look at February 25.
2. 30 is a key MA.
Why should 30 be key? At least 130 has provided significant historical support in the past and 130 and 340 stem from fib numbers (:10)