Bitcoin (BTC) Weekend Meltdown and What It Could Mean Next

BTC/USD TECHNICAL OUTLOOK

Bitcoin (BTC) Weekend, BTC/USD got ripped hard on Saturday, selling off the most in a single day in quite some time. The move had a capitulation like feel to it that could mean the majority of the decline is over; but it doesn’t necessarily mean BTC is in the clear yet for a new leg higher. In the video I discussed a couple of scenarios that traders can consider that could shape their trading bias. One involves negating the down-move and advancing a bullish bias sooner rather than later, while another; entails testing support some more. The only scenario where the BTC outlook significantly changes for the worse is if support in the 41/38k area breaks.RECOMMENDED BY PAUL ROBINSONCheck out the Q4 USD ForecastGet My Guide

Bitcoin (BTC) Weekend, BTC/USD DAILY CHART

BTC/USD Chart by TradingView

Resources for Forex Traders

Bitcoin (BTC) Weekend, Whether you are a new or experienced trader; we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily; trading guides to help you improve trading performance, and one specifically; for those who are new to forex.