Forex Signal For BTC/USD: Consolidation Swings Between $16,000 and $17,120.

    Forex Signal For BTC/USD: Consolidation Swings Between $16,000 and $17,120.   Bitcoin is consolidating after last week's sharp drop.  

Previous BTC/USD Signal

 

• The previous Bitcoin signal on November 8 produced a highly profitable sell trade when the resistance level set at $20,532 was rejected by a major bearish candlestick.

 

Today's BTC/USD Signals

 

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

 

Buying Trading Tips

 

• Buy as soon as a bullish price action reversal on the H1 time frame is followed by the next touch of $16,201 or $13,764.
• Place the stop loss below the local low of $100.
• Set it to stop loss even after the trade has made $100 profit relative to the price.
• When the trade is $100 in profit by price, set 50% of the position as profit and let the rest of the position work.

 

Forex Signal For BTC/USD: Consolidation Swings Between $16,000 and $17,120.

 

Sales Trade Tips

 

• Sell ​​as soon as a bearish price action reverses on the H1 time frame after the next touch of $17,120, $18,107, $19,954 or $20,532.
• Place the stop loss above the local high of $100.
• Set it to stop loss even after the trade has made $100 profit relative to the price.
• When the trade is $100 in profit by price, take out 50% of the position as profit and let the rest of the position work.

 

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