Simplicity makes the perfect. The Exponential Moving Average (EMA) is a key technical indicator used by investors and traders to identify market trends over a specific period.
When it comes to Bitcoin, the EMA120 level has proven to be a significant indicator of long-term trends. A breakout above this level could signal a strong upward trend, making it an ideal time for investors to consider entering the market.
For conservative investors, buying Bitcoin above the EMA120 level can be a safer strategy. However, for those willing to embrace more risk, longing Bitcoin at this point could potentially yield higher returns.
Despite the current low price of Bitcoin in the overall cycle, it's important to remember that we may not see a return to prices around $16,000 unless there are unforeseen 'black swan' events. These unpredictable occurrences can significantly impact the market and cause drastic price fluctuations.
Earlier this year, Bitcoin has attempted to break out above the EMA120 level but failed, returning to the level of the previous neckline. However, this doesn't mean that the opportunity has passed. On the contrary, when Bitcoin's price returns to the EMA120 and successfully breaks out again, it could be the ideal time to invest for the long term.
Patience is key in this scenario. Waiting for the right moment to come!
*One strategy: Buy now, long at EMA 120
When it comes to Bitcoin, the EMA120 level has proven to be a significant indicator of long-term trends. A breakout above this level could signal a strong upward trend, making it an ideal time for investors to consider entering the market.
For conservative investors, buying Bitcoin above the EMA120 level can be a safer strategy. However, for those willing to embrace more risk, longing Bitcoin at this point could potentially yield higher returns.
Despite the current low price of Bitcoin in the overall cycle, it's important to remember that we may not see a return to prices around $16,000 unless there are unforeseen 'black swan' events. These unpredictable occurrences can significantly impact the market and cause drastic price fluctuations.
Earlier this year, Bitcoin has attempted to break out above the EMA120 level but failed, returning to the level of the previous neckline. However, this doesn't mean that the opportunity has passed. On the contrary, when Bitcoin's price returns to the EMA120 and successfully breaks out again, it could be the ideal time to invest for the long term.
Patience is key in this scenario. Waiting for the right moment to come!
*One strategy: Buy now, long at EMA 120