Bitcoin sell a break setup.
Updated
Bitcoin - Intraday - We look to Sell a break of 53788 (stop at 54904)
Prices have reacted from 57855.
A Doji style candle has been posted from the high.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
50 4hour EMA is at 54200.
A break of bespoke support at 54000, and the move lower is already underway.
We are trading at overbought extremes.
Our profit targets will be 50604 and 49664
Resistance: 56000 / 57000 / 57800
Support: 54000 / 53200 / 52000
Prices have reacted from 57855.
A Doji style candle has been posted from the high.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
50 4hour EMA is at 54200.
A break of bespoke support at 54000, and the move lower is already underway.
We are trading at overbought extremes.
Our profit targets will be 50604 and 49664
Resistance: 56000 / 57000 / 57800
Support: 54000 / 53200 / 52000
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