Forex Signal For BTC/USD: Double Lower Curve Pointing to Double Top?

    Forex Signal For BTC/USD: Double Lower Curve Pointing to Double Top?   Bitcoin is consolidating and seems to have found buyers below $20,000.  

Previous BTC/USD Signal

 

• The previous signal on August 25 was not triggered because there was no bullish price action when the two support levels set that day were first reached.

 

Today's BTC/USD Signals

 

• The risk per trade is 0,50%.
• Transactions can only be entered on Thursday before 17h00 Tokyo time.

 

Buying Trading Tips

 

• Buy as soon as the bullish price action reverses on the H1 time frame after the next touch of $19,616, $19,315 or $19,164.
• Place the stop loss $100 below the local swing low.
• Set the stop loss so that the trade is broken even when there is a profit of $100 relative to the 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: Double Lower Curve Pointing to Double Top?

 

Sales Trade Tips

 

• Sell ​​as soon as a bearish price reversal on the H1 time frame reverses after the next touch of $20,532 or $20,782.
• Place the stop loss above the local high at $100.
• Set the stop loss so that the trade is broken even when there is a profit of $100 relative to the 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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