Forex Signal For BTC/USD: Biased Neutral Outlook Continues in Bear Market.
Forex Signal For BTC/USD: Biased Neutral Outlook Continues in Bear Market.
The outlook for the pair remains neutral to the downside considering that the uptrend has found some resistance.
Bear Market Outlook
- Set a sell-stop at 42,500 and a take profit at 40,000.
- Add take profit at 44,000.
- Timetable: 1-2 days.
Forex Signal For BTC/USD: Biased Neutral Outlook Continues in Bear Market.
Bull Market Outlook
- Take a buy-stop at 43,500 and a profit at 45,000.
- Add a stop-loss at 42,000.
The
BTC/USD pair moved sideways over the weekend as traders tried to buy the dip after last week's massive crash. The pair is trading at 43270, which is about 9,50% above last week's low. The pair is still around 17% below its December high last year.
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