Im short from 334, looking for this symmetrical triangle to break to the downside and test the 270$'s region.
Looking to short between 7550-7700 to add to my short from 8300. Stop loss = 4 hour close above 7800. twitter.com
The weekly 200 ma will support bitcoin again and a higher low will be formed which will lead us to the bull market. I predicted the last low of bitcoin at 3100 and this is the new low.
Bitcoin is a low liquidity asset where large players own the most of it, so they have to go through the accumulation and distribution cycles where they create a fake support aka a descending triangle support to dump at the top of the triangle and the vice versa in an ascending triangle. This goes for months until their bags are filled or sold and then they support...
Scalping a small long here after shorting this from 8900
How BIG Players engineer Liquidity
A small breather then short for bitcoin
The downtrend and accumulation has just started
If a 4 hour candle starts or closes below the 4 hour 200 MA the yellow line short it to 6150, 6000, 5750 $
How bitcoin can be traded using Exponential moving averages and moving averages. Why do Ema's and Ma's work ? Because they are used by hedge fund bots.