BTC Sell a break setup.
Bitcoin - Intraday - We look to Sell a break of 61787 (stop at 62704)
Daily signals for sentiment are at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
50 4hour EMA is at 61800.
Bespoke support is seen at 61800 and, with the swing low at the same level, we look for a break of this barrier to trigger our shorts.
Pivot support is at 58933.
Our profit targets will be 59061 and 58161
Resistance: 63500 / 64900 / 67000
Support: 63000 / 61800 / 60000
Daily signals for sentiment are at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
50 4hour EMA is at 61800.
Bespoke support is seen at 61800 and, with the swing low at the same level, we look for a break of this barrier to trigger our shorts.
Pivot support is at 58933.
Our profit targets will be 59061 and 58161
Resistance: 63500 / 64900 / 67000
Support: 63000 / 61800 / 60000
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