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 .