BTCUSD Trade Plan - 50/50 ODDS - Wait for NFP
Hello Traders,
As Bitcoin continues to trade within it's confined range of consolidation, it's a safe idea to scale back on any open positions as we head into the unemployment data from the US this morning.
Yesterday BTCUSD rallied based on an optimistic speculative sentiment where traders added to their risk appetite from positive ISM and ADP figures.
NFP could very well be a catalyst for the recent upside move with Bitcoin. In terms of risk management, the safest option in my opinion is to wait until we receive the jobs data to then reassess our positions with this pair.
Trade Safe - Trade Well
~Michael Harding
As Bitcoin continues to trade within it's confined range of consolidation, it's a safe idea to scale back on any open positions as we head into the unemployment data from the US this morning.
Yesterday BTCUSD rallied based on an optimistic speculative sentiment where traders added to their risk appetite from positive ISM and ADP figures.
NFP could very well be a catalyst for the recent upside move with Bitcoin. In terms of risk management, the safest option in my opinion is to wait until we receive the jobs data to then reassess our positions with this pair.
Trade Safe - Trade Well
~Michael Harding
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