Forex Signal For BTC/USD: More Bearish.

  Forex Signal For BTC/USD: More Bearish. A break below $55,000 would be another bearish signal. Last Monday's BTC/USD signal produced a very profitable short trade as the key resistance level identified at $66,234 was rejected by a bearish bias.  

Today's BTC/USD Signals

 

• The risk per trade is 0,50%.
• Exchanges can only be made on Tuesday before 17h00 Tokyo time.

 

Buying Trading Tips

 

• Go long after the bullish price action reversal on the H1 timeframe after the next touch of $56,537 or $54,274.
• 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: More Bearish.

 

Sales Trade Tip

 

• Go short after the next touch of $59,959 followed by a bearish price reversal on the H1 timeframe.
• Place the stop loss above the local high at $100.
• Move the stop loss even when the trade is $100 profit by 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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