BTC Buy a break setup.
Updated
BTCUSD - Intraday - We look to Buy a break of 52512 (stop at 51286)
The primary trend remains bullish.
50 1day EMA is at 50100.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
With signals for sentiment at oversold extremes, the dip could not be extended.
Pivot resistance is at 52080.
Our outlook is bullish.
Our profit targets will be 55964 and 57326
Resistance: 52000 / 53500 / 55000
Support: 50000 / 49000 / 47200
The primary trend remains bullish.
50 1day EMA is at 50100.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
With signals for sentiment at oversold extremes, the dip could not be extended.
Pivot resistance is at 52080.
Our outlook is bullish.
Our profit targets will be 55964 and 57326
Resistance: 52000 / 53500 / 55000
Support: 50000 / 49000 / 47200
Trade closed: target reached
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.