Forex Signal For BTC/USD: Bullish Momentum Holds Up

    Forex Signal For BTC/USD: Bullish Momentum Holds Up Bitcoin is seeing unpredictable price action.  

Previous BTC/USD Signal

 

• The last signal on May 25 was not triggered because there was no bullish price action once the price reached the support level set at $29,559.

 

Today's BTC/USD Signals

 

• The risk per trade is 0,50%.
• Trades must be entered before 17h00 Tokyo time on Friday.

 

Buying Trade Tips

 

• Go buy after the bullish price action reversal on the H1 time frame followed by the next touch of $29,559, $29,092 or $27,981.
• 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: Bullish Momentum Holds Up

 

Sales Trade Tips

 

• Go selling after a bearish price action reversal on the H1 time frame followed by the next touch of $29.995 or $30,917.
• 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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