Bitcoin
Short

Bitcoin to turnaround?

Bitcoin - 24h expiry - We look to Sell a break of 29598 (stop at 30401)

We are trading at overbought extremes. The bearish engulfing candle on the daily chart is negative for sentiment.
A Doji style candle has been posted from the high.
30984 has been pivotal.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A break of the recent low at 29669 should result in a further move lower.

Our profit targets will be 27601 and 27201

Resistance: 30000 / 30500 / 31000
Support: 29669 / 29000 / 28500

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