Bitcoin's Intraday Setup.
Updated
Bitcoin - Intraday
We look to Sell at 11419 (stop at 11542)
Pattern looks like a Bart.
Broken out of the triangle formation to the upside. Bespoke resistance is located at 11400.
A higher correction is expected.
Short term bias is mildly bearish.
Daily momentum has stalled and our bias is now neutral. Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Short term MACD has turned negative.
Short term RSI has turned negative.
Our profit targets will be 11075 and 10951
Resistance: 11300 / 11420 / 11550
Support: 11200 / 11000 / 10900
Signal Centre
We look to Sell at 11419 (stop at 11542)
Pattern looks like a Bart.
Broken out of the triangle formation to the upside. Bespoke resistance is located at 11400.
A higher correction is expected.
Short term bias is mildly bearish.
Daily momentum has stalled and our bias is now neutral. Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Short term MACD has turned negative.
Short term RSI has turned negative.
Our profit targets will be 11075 and 10951
Resistance: 11300 / 11420 / 11550
Support: 11200 / 11000 / 10900
Signal Centre
Trade closed: stop reached
Stop loss reached!
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