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Forex Signal For BTC/USD: Favorable for Bearish Breakout at 18,500

Forex Signal For BTC/USD: Favorable for Bearish Breakout at 18,500 Forex Signal For BTC/USD: Favorable for Bearish Breakout at 18,500

Forex Signal For BTC/USD: Favorable for Bearish Breakout at 18,500
Yazar: Ross Sutton

Yayınlanma: 5 Eylül 2022 16:16

Güncellenme: 8 Kasım 2024 20:15

Forex Signal For BTC/USD: Favorable for Bearish Breakout at 18,500

    Forex Signal For BTC/USD: Favorable for Bearish Breakout at 18,500   The BTC/USD price continued to decline even after the latest US employment figures released on Friday.  

Bear Market Outlook

 
  • Take a sell stop at 19,520 and a profit at 18,500.
  • Add a stop-loss at 21,000.
  • Timetable: 1-2 days.
 

Forex Signal For BTC/USD: Favorable for Bearish Breakout at 18,500

 

Bull Market Outlook

 
  • Take a buy stop at 20,400 and a profit at 22,000.
  • Add a stop-loss at 18,000.
  Bitcoin was trading at $19,735, just above the August low of $19,553 as the BTC/USD pair remained below the key support level of 20,000 amid demand concerns. In fact, by 2022 it has dropped more than 50%.   btcusd_05092022_cryspu  

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