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RE: Once BTC closes above $14k on the monthly chart, it likely never looks back
That may very well be, and there are a lot of people calling for $6k-$7k. Personally, I don't think we get it. I think we are actually about to start our next parabolic move up within the next few weeks here...
Higher BTC climbs against USD, higher the sliding average also climbs, but it takes quite a long time for average to catch up... It might go up fast, but then it will also be a lot more likely it will crash harder afterwards... What we need is slow climb now so average slowly catches up...
Which average? 200 day average?
I always use EMA40 because it is the smallest that evens out spikes to smooth curve. It can show last 5 years in single graph.
On a weekly chart? Monthly chart?
Monthly chart is best for long-time analysis...
I see.