Look at BTC and how from Oct 2016 thru begining of January 2017 BTC NEVER CLOSED a Daily under the 21EMA...but did bounce off of it several times.
The arrow show where we are relative to 2016
BTC is due for a Daily 21 EMA bounce
Once it hits ATH it will retrace to the 61.8-65% Golden Fib Pocket
If you want to ride to the top, buy in at 13800 Daily 21EMA and rising...moving up daily so buy-in level will change
...or wait for the Weekly 21EMA Bounce in January
I see $21,500-$22,500 as a top-out point on this run..we'll come back next year and see if I was correct or not...
The arrow show where we are relative to 2016
BTC is due for a Daily 21 EMA bounce
Once it hits ATH it will retrace to the 61.8-65% Golden Fib Pocket
If you want to ride to the top, buy in at 13800 Daily 21EMA and rising...moving up daily so buy-in level will change
...or wait for the Weekly 21EMA Bounce in January
I see $21,500-$22,500 as a top-out point on this run..we'll come back next year and see if I was correct or not...