WHEN WILL BITCOIN REBOUND
When will Bitcoin REBOUND
First we need to discover why the
prices falling :_
1) The prices have been trading on the 9 EMA ( Red Line ) . Which means that any one who shorted at the Red Line would have made a
lot of Money
21 21 EMA ( Black Colour) is acting as a resistance . Every time the prices touches the 21 EMA .
3) Prices have sold off on very heavy Volumes on several Candles .
So what needs to happen for Crypto to Rebound .
1) Need to see Green Candles with Volume
2) Price must Cross the 9 EMA & 21 EMA .
3) Price must Cross over the Trend Line marked Resistance
4) And the final hurdle , the price must cross the 200 EMA ( Orange Line ) .
HOW TO TRADE BITCOIN
1) Sell every time Price touches the 9 EMA with a stop loss on the 21 EMA .
2) The strategy will not apply if :-
a) If the conditions as mentioned abvove are met .
b) or If Bitcoin starts trading sideways .
First we need to discover why the
prices falling :_
1) The prices have been trading on the 9 EMA ( Red Line ) . Which means that any one who shorted at the Red Line would have made a
lot of Money
21 21 EMA ( Black Colour) is acting as a resistance . Every time the prices touches the 21 EMA .
3) Prices have sold off on very heavy Volumes on several Candles .
So what needs to happen for Crypto to Rebound .
1) Need to see Green Candles with Volume
2) Price must Cross the 9 EMA & 21 EMA .
3) Price must Cross over the Trend Line marked Resistance
4) And the final hurdle , the price must cross the 200 EMA ( Orange Line ) .
HOW TO TRADE BITCOIN
1) Sell every time Price touches the 9 EMA with a stop loss on the 21 EMA .
2) The strategy will not apply if :-
a) If the conditions as mentioned abvove are met .
b) or If Bitcoin starts trading sideways .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.