FX.co ★ Tips for trading Bitcoin

Yesterday's trading idea highlights a dip in Bitcoin prices.

This came true after the Fed kept interest rates unchanged and Jerome Powell's statements during the press conference. Bitcoin plunged by as much as $1000, breaking through the levels indicated for taking profits in short positions.

Huge congratulations to those who took followed the strategy! As Bitcoin crashed by $1000, close the short positions to gain profit.

The trading idea came from the framework of the "Price Action" and "Hunt for Stops" strategies.

Good luck in trading and manage your risks. Have a great day ahead!