BTC Sell the downtrend.
Updated
Bitcoin - Intraday - We look to Sell at 43558 (stop at 44404)
Daily signals are bearish.
Trades with a bearish descending triangle formation.
Trend line resistance is located at 43600.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The bias is to break to the downside.
Our profit targets will be 41014 and 40504
Resistance: 44000 / 45200 / 45800
Support: 43000 / 42000 / 41000
Daily signals are bearish.
Trades with a bearish descending triangle formation.
Trend line resistance is located at 43600.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The bias is to break to the downside.
Our profit targets will be 41014 and 40504
Resistance: 44000 / 45200 / 45800
Support: 43000 / 42000 / 41000
Trade active
Trade closed: stop reached
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