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Forex Signal For BTC/USD: Negative Signs Increasing Amid Contagion Risks.

Forex Signal For BTC/USD: Negative Signs Increasing Amid Contagion Risks. Forex Signal For BTC/USD: Negative Signs Increasing Amid Contagion

Forex Signal For BTC/USD: Negative Signs Increasing Amid Contagion Risks.
Yazar: Ross Sutton

Yayınlanma: 10 Kasım 2022 17:00

Güncellenme: 10 Kasım 2022 15:04

Forex Signal For BTC/USD: Negative Signs Increasing Amid Contagion Risks.

    Forex Signal For BTC/USD: Negative Signs Increasing Amid Contagion Risks.   Bitcoin fell below the 25-day and 50-day moving average and the Ichimoku cloud (the curve that provides a clearer picture of price action).  

Bear Market Outlook

 
  • Sell ​​the BTC/USD pair and take profit at 14,500.
  • Add a stop-loss at 17,000.
  • Timeline: 1 day.
 

Forex Signal For BTC/USD: Negative Signs Increasing Amid Contagion Risks.

 

Bull Market Outlook

 
  • Buy the BTC/USD pair and take a profit at 17,500.
  • Add a stop-loss at 14,500.
  BTC/USD price slumped below 16,000 amid rising contagion risks in the cryptocurrency industry, while Bitcoin slumped to a two-year low of 15,501, roughly 24% below this month's high. Other altcoins such as Solana, Ethereum, and FTT fell faster.   btcusd_09112022_cryspus  

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