Bitcoin monthly candle barely closes above 21 EMA
Bitcoins April 2019 candle closed $5269, 20 bucks above the 21 monthly EMA.
Where are we today yellow or pink?
- In 2015 the 21M EMA proved to be important for Bitcoin's transition from bear to bull market.
- Price rejected by 21 EMA in July (yellow) before plummeting back to $200 at the 200W SMA.
- Price breakout above 21 EMA in Nov (pink) and supported by it for the rally to all-time highs at 20K.
Where are we today yellow or pink?
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