BTC - 21 Weekly EMA UPDATE BraveNewCoin Liquid Index for Bitcoin BNC:BLX dacto Hello everyone I checked some of the previous weekly 21 ema crosses. I circled the bear crosses in red and the bull one in green. Even though we are in a really important bearish state right now, there is still a probability we are falling back to a bear market. It is not likely for BTC to cross below 21 weekly ema in a BULL market but we can see that there can be small exceptions considering the past. Most of you know that 21 weekly moving average is one of the most important indicators for most of the traders. Bitcoin uses 21 weekly moving average as a support all the time when it is in a bull market. So, to continue a bull market we have to recover ASAP , the faster it is, the more bullish it is in mid term. Hitting back to the 21 ema in a couple of days can signal a bullish turn. If we stay at the current prices for a couple of weeks, it will mean that we can be falling back to a bear market - though I think it did not ended, it was a super manipulated parabolic 13k run -. To compare the percentage of falls I checked how far we can retrace before a huge bounce - if we are back to the bear - or a reversal - if we are in a bull. A bear market crash can bring us back to 4-5 k levels before a nice deadcat bounce. A bull market reversal can happen at 6-7 k levels. Going below 6k is really risky for this so called Bull Season Take care everyone. I believe and wish that I will turn bullish in 2020. But this year I do not have too much hope.