Bitcoin plan B.
Updated
Bitcoin - Intraday - We look to Sell a break of 22184 (stop at 22661)
We are trading at overbought extremes.
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 23750.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A lower correction is expected.
Our profit targets will be 20748 and 20248
Resistance: 23000 / 23500 / 24000
Support: 22000 / 21500 / 21000
We are trading at overbought extremes.
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 23750.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
A lower correction is expected.
Our profit targets will be 20748 and 20248
Resistance: 23000 / 23500 / 24000
Support: 22000 / 21500 / 21000
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