BTC Sell a break.
Bitcoin - Intraday - We look to Sell a break of 61748 (stop at 62901)
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
50 4hour EMA is at 61800.
A break of bespoke support at 61800, and the move lower is already underway.
Our profit targets will be 58424 and 57524
Resistance: 63800 / 64900 / 67000
Support: 61800 / 59500 / 59000
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
50 4hour EMA is at 61800.
A break of bespoke support at 61800, and the move lower is already underway.
Our profit targets will be 58424 and 57524
Resistance: 63800 / 64900 / 67000
Support: 61800 / 59500 / 59000
Trade closed: target 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.