Bitcoin sell a break setup.
Bitcoin - Intraday - We look to Sell a break of 30034 (stop at 30842)
Pivot support is at 30250.
Daily signals are mildly bullish.
Bias is mildly bearish today but we need to see a break of 30000 to confirm the downward pressure.
Short term MACD is moving lower.
The rally was sold and the dip bought resulting in mild net losses yesterday.
Trades with a bearish descending triangle formation.
Our profit targets will be 27707 and 26484
Resistance: 32000 / 33000 / 34800
Support: 30800 / 30000 / 28000
Pivot support is at 30250.
Daily signals are mildly bullish.
Bias is mildly bearish today but we need to see a break of 30000 to confirm the downward pressure.
Short term MACD is moving lower.
The rally was sold and the dip bought resulting in mild net losses yesterday.
Trades with a bearish descending triangle formation.
Our profit targets will be 27707 and 26484
Resistance: 32000 / 33000 / 34800
Support: 30800 / 30000 / 28000
Trade closed: stop reached
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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.
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.