Forex Signal For BTC/USD: Shows Signs of Breaking Below $58,000.

    Forex Signal For BTC/USD: Shows Signs of Breaking Below $58,000.   Bitcoin bulls still have all-time high prices. The BTC/USD signal last Monday may have produced long trades for a somewhat profitable buy from the bullish bounce from the identified support level at $56,168.  

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

 

• Buy right after the bullish price action reverses on the H1 time frame after the next touch of $54,272 or $51,912.
• Put the stop loss $100 below the local swing low
• Set the stop loss even if the trade is $100 gain relative to the price.
• When the trade is $100 profit by price, take 50% of the position as profit and leave the rest of the position.

 

BTC/USD Forex Signal: Shows Signs of Breaking Below $58,000.

 

Sales Trade Tips

 

• Sell ​​as soon as a bearish price action reverses on the H1 time frame after the next touches of $56,618, $57,913 or $59,691.
• Place the stop loss at $100 above the local volatility high.
• Set the stop loss to break even when there is a $100 gain relative to the trade price.
• When the trade is $100 profit by price, take 50% of the position as profit and leave the rest of the position.

   

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