Michael_Harding

Trade Plan for BTCUSD 🚀

Long
BITSTAMP:BTCUSD   Bitcoin
This morning I'll be trading #BTCUSD heading into the US Nonfarm Payroll report along with the Unemployment figures. My expectation is to see further dollar weakness following the report as what we saw earlier this week after the JOLTs Jobs Opening report.

If the dollar does weaken, BTC will likely rally. This will give bullish scenario a nice 5:1 Risk to Reward. However, in the event that I'm wrong, I rather not get stopped out on my trade but instead hedge for Long position with a short targeting 25k.

🛡️ Managed Accounts + Challenge Passing Services
➡️ manage.forex

1️⃣ MT4 Trading EA
➡️ tinyurl.com/2rz783d4

‍🎓 Mentorship Program
➡️ tinyurl.com/8wfnuucy

📈 Live Performance
➡️ tinyurl.com/y67rnwrd
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.