BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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NOTE: THIS IS NOT A BUY SIGNAL, BUT RATHER EDUCATION ON SIGNALS RECEIVED FROM EBB_N_FLO
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This is a guide to buying, taking profits and how to move your stop loss when using my trade signals

A signal will always consist of at least 3 parts:
1. Where to BUY
2. Possible TARGET(S)
3. And a STOP LOSS

1. BUY:
---------
A buy signal will be given in 1 of 2 ways:
- Buy BTC between $3,600 - $3,650
This means you can buy BTC at the current price level as the trend has been established
OR
- Buy BTC only when price action breaks above $3,700 - not below
This means that the new trend will only be confirmed when the price breaks above a certain level, and thus you should not buy unless price action has broken above the indicated level

2. TAKING PROFIT(S):
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What is the point of buying when you cannot sell for a profit, and that is why the signal will also have a target(s) at which to sell:
- T1 at $3,700, T2 at $3,800, T3 at $3,900 and T4 at $4,000

How much of your initial investment you want to sell at T1, T2, T3 and T4 is up to you.
- A typical strategy could be to sell 40% at T1, 30% at T2, 20% at T3 and the remaining 10% at T4,
- or you can sell 100% at T1,
- or you can sell 50% at T1, 25% at T2 and 25% at T3,
- or whatever suits your risk management style

3. STOP LOSS:
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ALWAYS be sure to have a stop loss in place in order to reduce risk, never open a trade without knowing before-hand where you are going to place a stop loss
Once price reaches the targets, let's say T1, move your stop loss to the buy zone in order to reduce risk, should the price turn around
Then when price reaches T2, move your stop loss to T1 again, and so on
This way you give the price some room for movement

Disclaimer:
Manage your risk, do not invest 100% of your portfolio in a single trade
This is no no form financial advice, T&C's apply

Happy trading

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