oguz1121
Short

bitcoin about to test 21 monthly average what that means to me

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
in many markets as well as for bitcoin the 21 monthly average when ever tested is a last resistance before the final drop in most cases. in gold aswell as btc in 2015 when ever this exponential moving average was touched which will be around $5200 for this case it has failed and i expect either a lower low or at $2,900 zone to be tested within this month. it may or maynot be the final bottom we will see how bitcoin reacts after dumping to this region. will keep you updated. this is not financial advice

Comments

21 EMA is used in short and mid term for swings. maybe not on this timeframe
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@dltqg, this is a monthly chart im talking about 21 month ema
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