比特幣教育
The importance of 21D EMA
"This is NOT the Bear Market"
One of the tools that investors and traders use in bull cycles is 21D weekly EMA.
it indicates that whether or not we maintain on the uptrend.
As long as we stay above this weekly EMA, this is a bull market.
In the previous bull run, we had 7 major corrections.
all of them were aiming 21D weekly EMA as support and every time the price sustained above it until we topped out on Dec 17.
Right now this EMA is locating around $44000, so I remain BULLISH just yet.
Retracements of -30% to -40% are common for Bitcoin so stay calm, Bitcoin's doing Bitcoin things.
SnFsignals
One of the tools that investors and traders use in bull cycles is 21D weekly EMA.
it indicates that whether or not we maintain on the uptrend.
As long as we stay above this weekly EMA, this is a bull market.
In the previous bull run, we had 7 major corrections.
all of them were aiming 21D weekly EMA as support and every time the price sustained above it until we topped out on Dec 17.
Right now this EMA is locating around $44000, so I remain BULLISH just yet.
Retracements of -30% to -40% are common for Bitcoin so stay calm, Bitcoin's doing Bitcoin things.
SnFsignals
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