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Forex Signal For BTC/USD: A Relief Pattern Likely

Forex Signal For BTC/USD: A Relief Pattern Likely Forex Signal For BTC/USD: A Relief Pattern Likely Forex Signal For BTC/USD: A

Forex Signal For BTC/USD: A Relief Pattern Likely
Yazar: Ross Sutton

Yayınlanma: 21 Eylül 2021 15:15

Güncellenme: 6 Kasım 2024 12:42

Forex Signal For BTC/USD: A Relief Pattern Likely

  Forex Signal For BTC/USD: A Relief Pattern Likely As the pair continues to decline, there is the possibility of a relief pattern as investors weigh the current contagion risks.  

Bull Market Outlook

 
  • Set a buy-stop at 43,000 and a take profit at 45,000.
  • Add a stop-loss at 42,000.
  • Timeline; 2 days.

Forex Signal For BTC/USD: A Relief Pattern Likely

Bear Market Outlook

 
  • Set a sell stop at 41,500.
  • Take profit at 40,000 and add a stop loss at 42,500.
  BTC/USD has dropped to its lowest level since early August as volatility increased. Bitcoin slumped to $40,000 overnight, (i.e. more than 20% from this month's high), bringing its total market cap to over $808 billion. Meanwhile, prices of other cryptocurrencies such as Ether, XRP, ADA, and BNB also fell.   2021-09-21_btc-usd  

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