Forex Signal For BTC/USD: Major Bitcoin Failure Threat.

    Forex Signal For BTC/USD: Major Bitcoin Failure Threat. Will the bottom at $58,500 hold or break? Last Monday's BTC/USD signal produced a very profitable short trade from the small bearish doji candlestick on the hourly chart, which firmly rejected the resistance level at $63,763.  

Today's BTC/USD Signals

 

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

 

Buying Trading Tips

 

• Enter long after a bullish price action reversal on H1 time frame followed by the next touch of $58,906 or $58,541.
• Put the stop loss $100 below the local volatility low.
• Set the stop loss to break even when the trade is $100 profit relative to the price.
• When the trade is $100 profit by price, remove 50% of the position as profit and let the rest of the position last.

 

Forex Signal For BTC/USD: Major Bitcoin Failure Threat.

 

Sales Trade Tips

 

• Enter short as soon as a downside price action reversal on the H1 time frame is right after the next touch of $61,738, $63,763 or $64,368.
• Place the stop loss $100 above the local volatility high.
• Set the stop loss to break even when the trade is $100 profit relative to the price.
• When the trade is $100 profit by price, remove 50% of the position as profit and let the rest of the position last.

   

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