Bitcoin - Intraday - We look to Sell at 40598 (stop at 41612)
We are trading at overbought extremes.
A higher correction is expected.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Pivot resistance is at 40900.
Preferred trade is to sell into rallies.
Our profit targets will be 37808 and 36808
Resistance: 39000 / 40000 / 41000
Support: 38000 / 36500 / 34500
We are trading at overbought extremes.
A higher correction is expected.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Pivot resistance is at 40900.
Preferred trade is to sell into rallies.
Our profit targets will be 37808 and 36808
Resistance: 39000 / 40000 / 41000
Support: 38000 / 36500 / 34500
Trade closed: target reached
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.
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.