BTC 8H - Will break triangle soon, EMA 8,24 Cross strategy
If BTC 8H EMA8 crosses down EMA24, I will sell, otherwise I will wait.
I believe that if EMA8 crosses the blue line of the triangle, BTC price will sky rocket, and if it crosses down the red line, it will dump heavily.
It could also just stay bouncing in between, then continue bouncing in a symmetrical triangle as it did in between 2014 - 2016.
In any case I think using EMA8 crossing EMA24 to trigger/close longs inhibited by low (<20) ADX will be a sane strategy.
I believe that if EMA8 crosses the blue line of the triangle, BTC price will sky rocket, and if it crosses down the red line, it will dump heavily.
It could also just stay bouncing in between, then continue bouncing in a symmetrical triangle as it did in between 2014 - 2016.
In any case I think using EMA8 crossing EMA24 to trigger/close longs inhibited by low (<20) ADX will be a sane strategy.
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