Forex Signal For BTC/USD: Low After Weekend Crash.

  Forex Signal For BTC/USD: Low After Weekend Crash.   The price is correcting lower from the resistance level at $49,710. The BTC/USD signal last Monday produced a profitable long trade when the price rejected the support level defined as $56,020 holding the daily low almost at full cents.  

Today's BTC/USD Signals

 

• The risk per trade is 0.50%.
• Exchanges can only be made 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 $46,381, $45,261 or $42,651.
• 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: Low After Weekend Crash.

 

Sales Trade Tips

 

• Enter short after a bearish price action reversal on the next H1 timeframe of $49,710 or $51,912.
• 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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