Forex Signal For BTC/USD: Breakout and Retest Points Indicating More Negativity.
Forex Signal For BTC/USD: Breakout and Retest Points Indicating More Negativity.
Historically,
BTC and other risky assets such as stocks are known to tend to under perform during periods of high interest rates. Indeed, American stocks have fallen in the last few days following Powell's speech at the Jackson Hole Summit.
Bear Market Outlook
- Sell the BTC/USD pair and take a profit at 18,500.
- Add a stop-loss at 20,800.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Breakout and Retest Points Indicating More Negativity.
Bull Market Outlook
- Take a buy stop at 20,500 and a profit at 21,500.
- Add a stop-loss at 19,000.
BTC/USD continued its consolidation Wednesday morning and the pair is trading at 20,000 on Wednesday as investors await the next catalyst and the US dollar rises.
That was just above the August low of 19,530.
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