Bitcoin sell a break setup.
Updated
Bitcoin - Intraday - We look to Sell a break of 30034 (stop at 30842)
Pivot support is at 30250.
Daily signals are mildly bullish.
Bias is mildly bearish today but we need to see a break of 30000 to confirm the downward pressure.
Short term MACD is moving lower.
The rally was sold and the dip bought resulting in mild net losses yesterday.
Trades with a bearish descending triangle formation.
Our profit targets will be 27707 and 26484
Resistance: 32000 / 33000 / 34800
Support: 30800 / 30000 / 28000
Pivot support is at 30250.
Daily signals are mildly bullish.
Bias is mildly bearish today but we need to see a break of 30000 to confirm the downward pressure.
Short term MACD is moving lower.
The rally was sold and the dip bought resulting in mild net losses yesterday.
Trades with a bearish descending triangle formation.
Our profit targets will be 27707 and 26484
Resistance: 32000 / 33000 / 34800
Support: 30800 / 30000 / 28000
Trade closed: stop reached
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