Forex Signal For BTC/USD: Strong Bearish Momentum in the Markets

    Forex Signal For BTC/USD: Strong Bearish Momentum in the Markets   Bitcoin: showing signs of a potential temporary bottom (bearish) near $20,000.  

Previous BTC/USD Signal

 

• The reason the last signal on June 2 was not triggered there was no proper price action when any of the key levels was first reached that day.

 

Today's BTC/USD Signals

 

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

 

Buying Trade Tips

 

• Go buy long after the bullish price action reversal on the H1 time frame followed by the next touch of $20,910, $19,977 or $19,578.
• Put the stop loss $100 below the local bearish.
• 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: Strong Bearish Momentum in the Markets

 

Sales Trade Tips

 

• Go into a sell position after the next touch price action reversal on the H1 time frame of $24,016, $25,000 or $26,012,
• 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.

   

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