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Forex Analysis & Reviews: Trading tips for Bitcoin
time 01.12.2022 11:44 AM
time Relevance up to, 02.12.2022 11:00 AM

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The previous trading plan in Bitcoin pointed out a possible increase in prices.

plan:

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This was realized yesterday, after a slew of negative news and Powell's less hawkish rhetoric on Fed interest rates lowered demand for dollar in the market.

Bitcoin hit the first target, then rose above $17,000.

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Congratulations to those who followed the strategy! The increase was over $1000.

For those who did not close their positions, there is still an opportunity at the current price. Then, move the remaining positions to breakeven, leaving them until the second target of $21,450.

The trading idea was based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2023
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