Bitcoin - Intraday - We look to Sell a break of 30888 (stop at 31666)
Daily signals are bearish.
We can see no technical reason for a change of trend.
Dips continue to attract buyers.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
The bias is to break to the downside.
Pivot support is at 31000.
A break of bespoke support at 31000, and the move lower is already underway. Pivot support is at 28600. Short term momentum is bearish.
Our profit targets will be 28818 and 28118
Resistance: 32000 / 33000 / 33500
Support: 31000 / 30000 / 28600
Daily signals are bearish.
We can see no technical reason for a change of trend.
Dips continue to attract buyers.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
The bias is to break to the downside.
Pivot support is at 31000.
A break of bespoke support at 31000, and the move lower is already underway. Pivot support is at 28600. Short term momentum is bearish.
Our profit targets will be 28818 and 28118
Resistance: 32000 / 33000 / 33500
Support: 31000 / 30000 / 28600
Order cancelled
Trade has expired.
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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.