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RE: Once BTC closes above $14k on the monthly chart, it likely never looks back
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.