Forex Signal For BTC/USD: Breakout in Bear Market Shows Below $40,000.

  Forex Signal For BTC/USD: Breakout in Bear Market Shows Below $40,000. Bitcoin price is falling below $36,656.  

Previous BTC/USD Signal

  The reason why the signal did not trigger last Thursday was that the price did not reach the resistance level and was defined as $43,581 when it made the daily high.  

Today's BTC/USD Signals

 

• The risk per trade is 0,50%.
• Exchanges can only be received on Tuesday before 17h00 Tokyo time.

 

Buying Trading Tips

 

• Go long after the bullish price action reversal on the H1 time frame after the next touch of $32,817, $31,630, $31,015 or $30,000.
• Place the stop loss $100 below the local swing low.
• Set stop loss even when the trade is $100 profit relative to 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: Breakout in Bear Market Shows Below $40,000.

 

Sales Trade Tips

 

• Go sell after a bearish price action reversal on the H1 time frame followed by the next touch of $36,656, $37,638 or $39,622.
• Place the stop loss above the local high at $100.
• Set stop loss even when the trade is $100 profit relative to 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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