Forex Signal For BTC/USD: Recovering Bitcoin

  Forex Signal For BTC/USD: Recovering Bitcoin   $47,532 is forming either a bullish break or a bearish double top. The BTC/USD signal last Monday is producing a highly profitable long trade from the bullish bounce at the key support level identified at $43,836.  

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 $46,867, $46,381 or $43,836.
• 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: Recovering Bitcoin

Sales Trade Tip

 

• Enter short after a bearish price action reversal on the H1 time frame followed by the next touch of $47,532, $48,065 or $49,161.
• 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 be driven.

 

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