Forex Signal BTC / USD | DailyForex

Last Thursday's signals were not activated, as none of the key levels were reached that day.

Today's BTC / USD signals

Risk of 0.75% per transaction.

Transactions can only be entered before 5pm Tokyo time, during the next 24-hour period today.

Long Trade

  • Long after a reversal of bullish price action on the H1 schedule after the next touch of $ 6.805, $ 6.671 or $ 6.445.

  • Put the stop loss 1 pip below the low local swing

  • Move the stop loss to balance once the trade is $ 200 in profit against the price.

  • Remove 50% of the position as a profit when the trade is $ 200 in profit per price and leaves

Short Trade

  • Short entry after a reversal of downward price 39; H1 time after the next touch of $ 7,266.

  • Put the stop loss 1 pip above the high local swing.

  • Move the stop loss to balance once the trade is $ 200 in profit against the price.

  • Remov 50% of the position as a profit when the trade is $ 200 in profit per price and leaves the rest of the position to be managed.

The best method for identifying a classic "price reversal" is that one candle every hour closes, like a pin bar, a doji, an external candle or even a candle swallowed with a closing more high. You can take advantage of these levels or zones by observing the price action that occurs at certain levels.

BTC / USD Analysis

I wrote last Thursday that the $ 7.813 level that was now the resistance seemed very strong and fundamental, so a short trade from a downside reversal seems to be the most likely good opportunities to keep an eye on today. If the price settles above this level, it would be a bullish signal and take a bullish bias. The price has never reached that level and the price has steadily decreased. We see short- and medium-term downward trends, and if it is diminished, it can be argued that Bitcoin is still in a long-term downtrend. I take a bearish bias today between $ 7.150 and $ 6.805.
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<p>  There is nothing important today due to the USD. </p>
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