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.
Bitcoins bottom is at the Weekly 200 ma
Trading bitcoin with the Ema and Ma cross strategies on the 15 min is the best way to trade bitcoin.
Bitcoin Is not a highly liquid market thus whales must take out the lows to create liquidity to pump it further
This is how bitcoin HFT bots on exchanges work and create liquidity, by hunting for stops, liquidating people and making people short to there longs.
Bitcoin to test the top of the triangle again and the 0.618 retrancement. Enter shorts between 6800-6950 and stop loss is above the daily 200 Moving average.
Bitcoin is currently being rejected by the 200 daily SMA every time it reaches it