Bitcoin - Intraday - We look to Sell a break of 41488 (stop at 42323)
Daily signals are bearish.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
41575 has been pivotal.
A break of bespoke support at 41500, and the move lower is already underway.
Our profit targets will be 39222 and 38322
Resistance: 43000 / 44000 / 44500
Support: 42000 / 41500 / 41000
Daily signals are bearish.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
41575 has been pivotal.
A break of bespoke support at 41500, and the move lower is already underway.
Our profit targets will be 39222 and 38322
Resistance: 43000 / 44000 / 44500
Support: 42000 / 41500 / 41000
