15/08/2018/21:20CET
Is this the turnaround, or is this a bull trap?
The action in the market has certainly had everyone on tenterhooks.
We had a breakdown below our 6k line for the 4 time, and for many this was the sign of foreboding.
I would not say we are out of the woods yet though.
We have managed to rally back up to 6647 usd and currently trade at the 6500 usd handle.
I show with my cursor here my strategy trigger point.
This is my bear market 21DEMA trading strategy. It is time to put it to the test.
I am waiting for a daily close above about 6795 usd which will trigger the buy btc trade.
If we break down under the 21DEMA again after this, I will sell out - the sell trigger...
But if you followed my previous posts, the analysis of #BTC price action since the start of the year has shown that if you buy on the crossing of the 21DEMA on average you profit in a bear market.
And most importantly you will be in poll position for a real bull breakout.
Watch the 21dema!
As always leave comments, have fun and trade safe.