BTC Sell a break setup.
Bitcoin - Intraday - We look to Sell a break of 46288 (stop at 46876)
Trades with a bearish descending triangle formation.
Pivot support is at 46309.
A break of 46300 is needed to confirm follow through negative momentum.
Trend line resistance is located at 48300.
Our profit targets will be 44525 and 44005
Resistance: 48000 / 48800 / 49200
Support: 47000 / 46300 / 45500
Trades with a bearish descending triangle formation.
Pivot support is at 46309.
A break of 46300 is needed to confirm follow through negative momentum.
Trend line resistance is located at 48300.
Our profit targets will be 44525 and 44005
Resistance: 48000 / 48800 / 49200
Support: 47000 / 46300 / 45500
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