Bitcoin – Entry / Exit strategy using 24 week ema and AROON

Bitcoin – Entry / Exit strategy using 24 week ema and AROON

One simple strategy for trading bitcoin is watching the 24 week ema for crossovers in combination with AROON crossovers. Obviously enter long and add or hold when price is over the 24 week ema and the AROON up line has crossed over the AROON down line. I watch the AROON 60 level for breaks on an early heads up for possible trend reversals. When the AROON up line is at or near 100 it represents strong bullish sentiment and uptrend continuation. Note the recent 24 week bullish crossover and the current 100 reading on the AROON up line.

Published at Mon, 08 Apr 2019 21:20:37 +0000