Forex Signal For BTC/USD: H&S Pattern Point To Break Down.
Forex Signal For BTC/USD: H&S Pattern Point To Break Down.
While the outlook for Bitcoin is bullish, a major bearish trend cannot be ruled out.
Bear Market Outlook
- Sell the BTC/USD pair and set take profit at 45,000.
- Add a stop-loss at 48,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: H&S Pattern Point To Break Down.
Bull Market Outlook
- Set a buy-stop at 47,500 and add a take profit at 49,000.
- Add a stop-loss at 46,000.
As traders focus on the strong US dollar, the BTC/USD pair stays in a tight range just above the key support level and is trading at 46,730 just above the 45,700 key support level it tried to break in December.
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