Forex Signal For BTC/USD: Consolidation Pattern in Bear Market

    Forex Signal For BTC/USD: Consolidation Pattern in Bear Market The $20,153 support level remains threatened on the image.  

Previous BTC/USD Signal

 

• The previous signal last Thursday produced a small breakeven trade that was established after price action rejected the descending trendline shown on the price chart that day.

 

Today's BTC/USD Signals

 

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

 

Buying Trading Tips

 

• Go buy long after the bullish price action reversal on the H1 time frame followed by the next touch of $20,153 or $19,164.
• 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: Consolidation Pattern in Bear Market

 

Sales Trade Tip

 

• Go sell after a bearish price action reversal on the H1 time frame followed by the next touch of $21,141.
• 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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