BTC Re-Post From July 11 coming true!! Re-test Weekly 21 EMA
No One is Talking About this...Re- Post
I was Correct, just missed it by one week! BTC has always retraced to the Weekly 21EMA to test support... in both previous post-halvings. The Weekly 21 EMA was tested between the 12th and 16th week...BTC is in week 17 Post-Halving 2020.
Weekly 21EMA is currently 9940...today's candle wick low was 9987 week-to-date... that's close enough for me!
Now to stay bullish...the BTC weekly close, should not CLOSE below the Weekly 21EMA. Wicks below are fine, that could even mean a daily close below the Weekly 21EMA, but NOT the Weekly Sunday night close at 8pm Eastern..
No-one would listen to me...got this one right...
I am lead to believe that the market cycles are getting longer so the 17th week after the Halving makes sense to me...
I was Correct, just missed it by one week! BTC has always retraced to the Weekly 21EMA to test support... in both previous post-halvings. The Weekly 21 EMA was tested between the 12th and 16th week...BTC is in week 17 Post-Halving 2020.
Weekly 21EMA is currently 9940...today's candle wick low was 9987 week-to-date... that's close enough for me!
Now to stay bullish...the BTC weekly close, should not CLOSE below the Weekly 21EMA. Wicks below are fine, that could even mean a daily close below the Weekly 21EMA, but NOT the Weekly Sunday night close at 8pm Eastern..
No-one would listen to me...got this one right...
I am lead to believe that the market cycles are getting longer so the 17th week after the Halving makes sense to me...