BTC Sell the breakdown.
Updated
Bitcoin - Intraday - We look to Sell a break of 33266 (stop at 33919)
Daily signals are bearish.
The move has rejected gains and is expected to disappoint buyers.
Trend line resistance is located at 35000.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
The bias is to break to the downside.
Short term momentum is bearish.
Our profit targets will be 31505 and 30805
Resistance: 34500 / 35500 / 36500
Support: 33300 / 32700 / 32000
Daily signals are bearish.
The move has rejected gains and is expected to disappoint buyers.
Trend line resistance is located at 35000.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
The bias is to break to the downside.
Short term momentum is bearish.
Our profit targets will be 31505 and 30805
Resistance: 34500 / 35500 / 36500
Support: 33300 / 32700 / 32000
Trade active
Trade closed: target reached
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