Forex Signal For BTC/USD: Bears Turn!
Forex Signal For BTC/USD: Bears Turn!
Price effectively stays within a broad consolidation pattern!
Bitcoin signals last Monday were not triggered as none of the key support or resistance levels were reached.
BTC/USD Parity Signals for Today
The risk per trade is 0.50 %.
Transactions can only be received before 17:00 Tokyo time on Thursday.
Buy Trading Tips
- Buy right after the bullish price action reversal on the H1 timeframe, after the next touch of $33,617 or $32,438.
- Place the stop loss $100 below the local volatility low.
- Set the stop loss even if the trade is $100 gain relative to the price.
- Take 50% of the position as profit when there is $100 profit on the trade and leave the rest of the position.
Bitcoin signals last Monday were not triggered as none of the key support or resistance levels were reached.
Sales Trading Tips
- Sell as soon as a bearish price action reverses on the H1 timeframe after the next touches of $35,471 or $37,198 or $38,218.
- Place the stop loss $100 above the local volatility high.
- Set the stop loss to break even when there is $100 gain relative to the trade price.
- When the trade is $100 profit by price, take 50% of the position as profit and leave the rest of the position.
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