Forex Signal For BTC/USD: Bitcoin Reaches 3-Week Highs.

    Forex Signal For BTC/USD: Bitcoin Reaches 3-Week Highs.   Bitcoin is currently trading over $50,000. Last Monday's BTC/USD signal produced a highly profitable long trade without bouncing up from the support level defined as $46,867.  

Today's BTC/USD Signals

 

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

 

Buying Trading Tips

 

• Go long after the bullish price action reversal on the H1 time frame followed by the next touch of $49,710, $46,867 or $46,381.
• Place the stop loss $100 below the local swing low.
• 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.

 

Forex Signal For BTC/USD: Bitcoin Reaches 3-Week Highs.

   

SalesTrade Tip

 

• Take the short cut after a bearish price action reversal on the H1 timeframe followed by the next touch of $54,864.
• 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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