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 .
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