BTC Sell a break.
Updated
BTCUSD - Intraday - We look to Sell a break of 52360 (stop at 53606)
We are trading at overbought extremes.
Trend line support is located at 52500.
A break of 52500 is needed to confirm follow through negative momentum.
A higher correction is expected.
20 1day EMA is at 48000.
Short term oscillators have turned negative.
Our profit targets will be 48676 and 47216
Resistance: 54000 / 55000 / 56500
Support: 52000 / 50000 / 48600
We are trading at overbought extremes.
Trend line support is located at 52500.
A break of 52500 is needed to confirm follow through negative momentum.
A higher correction is expected.
20 1day EMA is at 48000.
Short term oscillators have turned negative.
Our profit targets will be 48676 and 47216
Resistance: 54000 / 55000 / 56500
Support: 52000 / 50000 / 48600
Trade closed: target reached
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