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BTC/USD binary signal - Double top formation - 21 May 2018

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Signal details
Entry Price: 
8500
Close Price: 
8406
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 5 ratings

Bitcoin is making a double top formation on the 1-hour chart and we would expect closing lower on the day. With two shooting stars on the top BTC is most likely moving south today and we are looking to buy Put options at 8500 for 21:00 GMT expiry.

binary options signal btcusd 21 may 2018

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.