BTC Sell the pivot.
Updated
Bitcoin - Intraday - We look to Sell at 48484 (stop at 49274)
We are trading at overbought extremes.
Daily momentum has stalled and our bias is now neutral.
Pivot resistance is at 48500.
Preferred trade is to sell into rallies.
A lower correction is expected.
Our profit targets will be 46224 and 45664
Resistance: 48500 / 49200 / 50000
Support: 46800 / 45800 / 45000
We are trading at overbought extremes.
Daily momentum has stalled and our bias is now neutral.
Pivot resistance is at 48500.
Preferred trade is to sell into rallies.
A lower correction is expected.
Our profit targets will be 46224 and 45664
Resistance: 48500 / 49200 / 50000
Support: 46800 / 45800 / 45000
Trade active
Trade closed: stop 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.