Forex Signal For BTC/USD: Resistance at $66,233.

  Forex Signal For BTC/USD: Resistance at $66,233.   The price started an upside recovery from $62,250. The reason why the BTC/USD signal was not triggered last Monday is because there was no bearish action when the price first hit the resistance level defined as $67,017.  

Today's BTC/USD Signals

 

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

 

Buying Trading Tips

 

• Go long after the bullish price action reversal on the H1 time frame followed the next touch of $65,601 or $62,251.
• Put the stop loss $100 below the local volatility low.
• Set the stop loss to break even when the trade is $100 profit 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: Resistance at $66,233.

 

Sales Trade Tip

 

• Take the short cut after the next touch of $66,234 followed by a bearish price reversal on the H1 time frame.
• Place the stop loss at $100 above the local volatility high.
• Set the stop loss to break even when the trade is $100 profit 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.

   

You may also be interested in:

 

Forex Signal For GBP/USD: Rise Carefully Ahead of Key Data.