BTC Sell the downtrend.
BTCUSD - Intraday - We look to Sell at 58058 (stop at 59321)
Trend line resistance is located at 58000.
The trend of lower highs is located at 58000.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Trades with a bearish descending triangle formation.
Pivot resistance is at 58354.
Our profit targets will be 54664 and 53121
Resistance: 57000 / 58200 / 60000
Support: 56000 / 55000 / 54000
Trend line resistance is located at 58000.
The trend of lower highs is located at 58000.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Trades with a bearish descending triangle formation.
Pivot resistance is at 58354.
Our profit targets will be 54664 and 53121
Resistance: 57000 / 58200 / 60000
Support: 56000 / 55000 / 54000
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