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Forex Signal For BTC/USD: Bearish Pennant Indicates More Weakness

Forex Signal For BTC/USD: Bearish Pennant Indicates More Weakness Forex Signal For BTC/USD: Bearish Pennant Indicates More Weakness

Forex Signal For BTC/USD: Bearish Pennant Indicates More Weakness
Yazar: Ross Sutton

Yayınlanma: 28 Eylül 2021 15:20

Güncellenme: 6 Kasım 2024 21:29

Forex Signal For BTC/USD: Bearish Pennant Indicates More Weakness

    Forex Signal For BTC/USD: Bearish Pennant Indicates More Weakness There is a strong possibility that the Bitcoin price will drop further in the near term.  

Bear Market Outlook

 
  • Set a sell-stop at 41,500 and a take profit at 40,000.
  • Add a stop-loss at 42,500.
  • Timetable: 1-2 days.
 

Forex Signal For BTC/USD: Bearish Pennant Indicates More Weakness

 

Bull Market Outlook

 
  • Set a buy-stop at 43,500 and a take profit at 45,000.
  • Add a stop-loss at 42,000.
  As traders await the next catalyst for the cryptocurrency, the BTC/USD pair remains under pressure, trading at 42,545, a few points below tonight's high of 44,378. This price is also about 20% below this month's high.   2021-09-28_btc  

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