Forex Signal For BTC/USD: Cryptocurrency Threatens Drop Point Below $40,000.
Forex Signal For BTC/USD: Cryptocurrency Threatens Drop Point Below $40,000.
The crypto industry continues to show bearish signs, but the bull market is still battling.
Previous BTC/USD Signal
The BTC/USD signal prior to Thursday two weeks ago was not triggered as there was no bullish price action when any support level was first reached.
Today’s BTC/USD Signals
- The risk per trade is 0,50%.
- Trades must be entered before 17h00 Tokyo time on Friday.
Buying Trading Tips
- Go buy after the bullish price action reversal on the H1 time frame followed by the next touch of $41,638 or $39,622.
- Put the stop loss $100 below the local volatility low.
- Move the stop loss even when the trade is $100 profit by price.
- When the trade is $100 profit by price, remove 50% of the position as profit and let the rest of the position last.
Forex Signal For BTC/USD: Cryptocurrency Threatens Drop Point Below $40,000.
Sales Trade Tips
- Go sell after a bearish price action reversal on the H1 timeframe followed by the next touch of $42,591 or $43,581.
- Place the stop loss $100 above the local volatility high.
- Move the stop loss even when the trade is $100 profit by price.
- When the trade is $100 profit by price, remove 50% of the position as profit and let the rest of the position last.
You may also be interested in:
Forex Signal For GBP/USD: No Basis for Sterling Rebound.
