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Forex Signal For BTC/USD: A Short Relief Rally Likely.

Forex Signal For BTC/USD: A Short Relief Rally Likely. Forex Signal For BTC/USD: A Short Relief Rally Likely.

Forex Signal For BTC/USD: A Short Relief Rally Likely.
Yazar: Ross Sutton

Yayınlanma: 11 Ocak 2022 13:53

Güncellenme: 12 Kasım 2024 10:04

Forex Signal For BTC/USD: A Short Relief Rally Likely.

  Forex Signal For BTC/USD: A Short Relief Rally Likely. The BTC/USD pair is likely to experience a relief rally in the near-term after breaking below the key support at 40,000.  

Bull Market Outlook

 
  • Buy BTC/USD and make a profit at 44,000.
  • Add a stop-loss at 39,000.
  • Timetable: 1-2 days.
 

Forex Signal For BTC/USD: A Short Relief Rally Likely.

 

Bear Market Outlook

 
  • Set a sell-stop at 39,500 and a take profit at 38,000.
  • Add a stop-loss at 41,000.
  BTC/USD price slumped below key support at 40,000 on Monday as risk assets were sold to 39,657, which is about 42% below their all-time high. Other altcoins such as Ethereum, Solana, and XRP also fell.   btcusd_crispus_110122  

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