BTC Sell the bearish divergence.
Updated
Bitcoin - Intraday - We look to Sell at 58154 (stop at 59404)
Bearish divergence is expected to cap gains.
The trend of higher highs is located at 58800.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
We are trading at overbought extremes.
Our profit targets will be 54366 and 53366
Resistance: 58500 / 59000 / 60000
Support: 57200 / 56200 / 54500
Bearish divergence is expected to cap gains.
The trend of higher highs is located at 58800.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
We are trading at overbought extremes.
Our profit targets will be 54366 and 53366
Resistance: 58500 / 59000 / 60000
Support: 57200 / 56200 / 54500
Trade closed: stop reached
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