BTC Sell the resistance.
BTCUSD - Intraday - We look to Sell at 38988 (stop at 40020)
Broken out of the triangle formation to the downside.
Pivot resistance is at 39490.
Daily signals are mildly bearish.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The trend of lower highs is located at 39000.
Our profit targets will be 36363 and 35300
Resistance: 38200 / 39000 / 40000
Support: 37000 / 36200 / 35000
Broken out of the triangle formation to the downside.
Pivot resistance is at 39490.
Daily signals are mildly bearish.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The trend of lower highs is located at 39000.
Our profit targets will be 36363 and 35300
Resistance: 38200 / 39000 / 40000
Support: 37000 / 36200 / 35000
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.