Sometimes we tend to over complicate things while there are simple patterns that repeats over and over, it's very clear that weekly EMA's hold a notable support/resistance for BTC, even if you look back a bit in 2017 while BTC was up trending we can clearly see that if you applied the rule for buying the dip every time BTC touches the 20 EMA you've made a very good profit.
Lets look:
5-feb-2018 support at 50 EMA and reverse
26-feb-2018 resistance at 20 EMA and reverse
2-apr-2018 support at 50 EMA and reverse
30-apr-2018 resistance at 20 EMA and reverse
23-jul-2018 resistance at 50 EMA and reverse
27-aug-2018 resistance at 20 EMA and reverse
24-sep-218 resistance at 20 EMA and ???????
this is the million dollar question right now will we be able to break resistance this time or as usual a reverse is coming!
It's now BTC vs EMA lets see who shall win
Lets look:
5-feb-2018 support at 50 EMA and reverse
26-feb-2018 resistance at 20 EMA and reverse
2-apr-2018 support at 50 EMA and reverse
30-apr-2018 resistance at 20 EMA and reverse
23-jul-2018 resistance at 50 EMA and reverse
27-aug-2018 resistance at 20 EMA and reverse
24-sep-218 resistance at 20 EMA and ???????
this is the million dollar question right now will we be able to break resistance this time or as usual a reverse is coming!
It's now BTC vs EMA lets see who shall win
