Forex Signal For BTC/USD: Consolidation Pattern in Bear Market
Forex Signal For BTC/USD: Consolidation Pattern in Bear Market
The $20,153 support level remains threatened on the image.
Previous BTC/USD Signal
- The previous signal last Thursday produced a small breakeven trade that was established after price action rejected the descending trendline shown on the price chart that day.
Today’s BTC/USD Signals
- The risk per trade is 0,50%.
- Transactions must be made on Thursday before 17h00 Tokyo time.
Buying Trading Tips
- Go buy long after the bullish price action reversal on the H1 time frame followed by the next touch of $20,153 or $19,164.
- Place the stop loss $100 below the local swing low.
- Set stop loss even when the trade is $100 profit relative to price.
- When the trade is $100 profit by price, take 50% of the position as profit and leave the rest of the position running.
Forex Signal For BTC/USD: Consolidation Pattern in Bear Market
Sales Trade Tip
- Go sell after a bearish price action reversal on the H1 time frame followed by the next touch of $21,141.
- Place the stop loss above the local high at $100.
- Set stop loss even when the trade is $100 profit relative to price.
- When the trade is $100 profit by price, take 50% of the position as profit and leave the rest of the position running.
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