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Forex Signal For BTC/USD: H&S Pattern Forms on 4H Chart

Forex Signal For BTC/USD: H&S Pattern Forms on 4H Chart Forex Signal For BTC/USD: H&S Pattern Forms on 4H ChartForex Signal For BTC/USD: H&S

Forex Signal For BTC/USD: H&S Pattern Forms on 4H Chart
Yazar: Ross Sutton

Yayınlanma: 5 Ağustos 2021 13:41

Güncellenme: 8 Kasım 2024 18:50

Forex Signal For BTC/USD: H&S Pattern Forms on 4H Chart

  Forex Signal For BTC/USD: H&S Pattern Forms on 4H Chart   As the bears target the key support at 35,000, the chances of the pair going lower become stronger.  

Bear Case

 
  • Set a Sat-stop at 38,500 and take a profit at 37,000.
  • Add take profit at 40,000 as well.
  • Timetable: 1-2 days.

Forex Signal For BTC/USD: H&S Pattern Forms on 4H Chart

Bull Market Outlook

 
  • Set a buy-stop at 42,500 and a take profit at 40,000.
  • Add a stop-loss at 38,000
  BTC/USD stays in a tight range as investors wait for the upcoming US non-farm payroll (NFP) data and the rise of Bitcoin SV attacks. On the one hand, the market is also watching the hard fork of Ethereum. Bitcoin price is trading at $39,320, which is lower than this week's high of $42,640.   btcusd-05082021  

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