empty
 
 
27.04.2023 09:36 AM
Tips for trading Bitcoin

This image is no longer relevant

Bitcoin lost $2,500 in just an hour during Wednesday's US session. Now, it is seeing a pullback, which is a good signal for short positions.

This image is no longer relevant

The decline started around the area where there was a breakdown last April 16.

This image is no longer relevant

This decline could be viewed as wave A of a three-wave pattern (ABC), which means that traders could enter the market today by selling from current prices up to the 50% retracement level. Set stop-loss at $30,000, and then exit by taking profit upon the breakdown of $26,900 and $26,500.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and don't forget to control the risks! Have a nice day.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback