Bitcoin kept afloat for a long time, but began to sink
Bitcoin price has been trading at $ 45,000-48,000 for a long time. But at the same time, the price was below 200 simple average for the entire period on the four-hour chart. Unable to withstand constant pressure, the price of Bitcoin broke through all support levels and collapsed to $ 42,400. We think that this is just the beginning of a downtrend and the price will continue to decline for several more days. Therefore, we will go short as soon as the price creates a new price low below $ 42,400.
Order Type: Pending Order - Sell Stop
Entry Price at 42400.00
Take Profit at 41400.00
Pips Earning: 100000
Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1330
GBPUSD buy at the price of 1.3540
USDJPY buy at the price of 116.20
USDCHF buy at the price of 0.9200
The result of a trade recommendation.
Cryptocurrency trading recommendation
The profit can be $1000.00 if the trading volume of 1 Futures.