The 30/120 EMA Bitcoin weekly chart
Take a look at the chart.
This is using my own indicator that combines 2 EMA and gives it the best time to buy Bitcoin between the Green and Red Vertical lines as the 30 EMA crossed with the 120 EMA.
30 EMA Red
120 EMA GREEN
What can data can we gather from this chart:
This indicator shows that the bottom has been reached and from now on Bitcoin will a bull run.
One thing we have to consider is that we usually test the 120 EMA (Green ) for a month before we break above it with a significant pump.
This is using my own indicator that combines 2 EMA and gives it the best time to buy Bitcoin between the Green and Red Vertical lines as the 30 EMA crossed with the 120 EMA.
30 EMA Red
120 EMA GREEN
What can data can we gather from this chart:
- 1# Once the price is above the 120 EMA (GREEN) BITCOIN goes on a major Rally
- 2# The 30 EMA crossing beneath the 120 EMA marks the bottom for the cycle
- 3# Between the 2 crosses is the best time in the cycle to buy Bitcoin and take leverage
This indicator shows that the bottom has been reached and from now on Bitcoin will a bull run.
One thing we have to consider is that we usually test the 120 EMA (Green ) for a month before we break above it with a significant pump.
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