Bitcoin - Intraday - We look to Sell a break of 17166 (stop at 17475)
Rallies should be capped by yesterday's high.
We are trading at overbought extremes.
A higher correction is expected.
A break of 17200 is needed to confirm follow through negative momentum.
Trend line support is located at 16350.
Bearish divergence is expected to cap gains.
Our profit targets will be 16268 and 15848
Resistance: 17800 / 18000 / 18470
Support: 17600 / 17200 / 16500
Rallies should be capped by yesterday's high.
We are trading at overbought extremes.
A higher correction is expected.
A break of 17200 is needed to confirm follow through negative momentum.
Trend line support is located at 16350.
Bearish divergence is expected to cap gains.
Our profit targets will be 16268 and 15848
Resistance: 17800 / 18000 / 18470
Support: 17600 / 17200 / 16500
Order cancelled
Trade wasn't filled
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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.