monthly moving averages.
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
here’s a few key monthly levels which are good to have on your chart.
all of them play a vital role, and are extreme levels of support.
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BTC is backtesting the 21 monthly ema for the second month in a row now
i’ve circled the previous times we’ve seen a similar backtest.
if it happened to break down for whatever reason, it would gravitate to the next monthly moving average as it had in the past.
