Forex Signal For BTC/USD: Price in Broad Channel in Bear Market.

  Forex Signal For BTC/USD: Price in Broad Channel in Bear Market.  Despite the bearish channel, key support levels remain. The BTC/USD signal last Wednesday produced a profitable long trade from the slow bullish bounce that rejected the support level set at $58,906.  

Today's BTC/USD Signals

 

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

 

Buying Trading Tips

 

• Go long after the bullish price action reversal on the H1 time frame following the next touch of $59,488, $58,223, $58,906 or $58,541.
• Put the stop loss $100 below the local volatility 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, remove 50% of the position as profit and let the rest of the position last.

 

Forex Signal For BTC/USD: Price in Broad Channel in Bear Market.

 

Sales Trade Tips

 

• Go short as soon as a bearish price action reverses on the H1 time frame after the next touch of $63,763 or $64,368.
• Place the stop loss $100 above the local volatility high.
• 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, remove 50% of the position as profit and let the rest of the position last.

   

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