Forex Signal BTC/USD: Taking Profits Will Continue For A Time.
Forex Signal BTC/USD: Taking Profits Will Continue For A Time.
For now, the pair will remain under pressure as the take profit phase continues.
Bear Market Outlook
- Set a sell-stop at 58,470 and a take profit at 55,000.
- Add a stop-loss at 60,000.
- Timetable: 3 days.
Forex Signal BTC/USD: Taking Profits Will Continue For A Time.
Bull Market Outlook
- Set a buy-stop at 60,000 and take profit at 63,000.
- Add a stop-loss at 58,000.
The
BTC/USD pair struggled to recover as it dropped to a multi-week low. The pair dropped to 58,470, which is about 15% below its all-time high. Other altcoins such as Ethereum, Ripple, and Dogecoin also struggled as cryptocurrencies lost more than $300 billion in value.
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