BTC Sell a break.
Updated
Bitcoin - Intraday - We look to Sell a break of 61748 (stop at 62901)
We are trading 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.
A break of bespoke support at 61800, and the move lower is already underway.
Our profit targets will be 58424 and 57524
Resistance: 63800 / 64900 / 67000
Support: 61800 / 59500 / 59000
We are trading 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.
A break of bespoke support at 61800, and the move lower is already underway.
Our profit targets will be 58424 and 57524
Resistance: 63800 / 64900 / 67000
Support: 61800 / 59500 / 59000
Trade closed: target reached
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