Bitcoin buy a break setup.
Updated
BTCUSD - Intraday - We look to Buy a break of 48580 (stop at 47848)
Trend line support is located at 44500.
We look for gains to be extended today.
Short term oscillators have turned positive.
We are trading at overbought extremes.
We can see no technical reason for a change of trend.
Trading close to the psychological 50000 level.
Our profit targets will be 50848 and 51946
Resistance: 48200 / 49000 / 50000
Support: 46200 / 45500 / 44200
Trend line support is located at 44500.
We look for gains to be extended today.
Short term oscillators have turned positive.
We are trading at overbought extremes.
We can see no technical reason for a change of trend.
Trading close to the psychological 50000 level.
Our profit targets will be 50848 and 51946
Resistance: 48200 / 49000 / 50000
Support: 46200 / 45500 / 44200
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