BTC Buy a break setup.
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Bitcoin - Intraday - We look to Buy a break of 47047 (stop at 46127)
Daily signals are bullish.
We look for gains to be extended today.
Price action resulted in a new all-time high at 48200.
We are trading at overbought extremes.
A break of 47000 is needed to confirm follow through bullish momentum.
We can see no technical reason for a change of trend.
Our profit targets will be 49848 and 52484
Resistance: 47000 / 48200 / 50000
Support: 45000 / 43000 / 42000
Daily signals are bullish.
We look for gains to be extended today.
Price action resulted in a new all-time high at 48200.
We are trading at overbought extremes.
A break of 47000 is needed to confirm follow through bullish momentum.
We can see no technical reason for a change of trend.
Our profit targets will be 49848 and 52484
Resistance: 47000 / 48200 / 50000
Support: 45000 / 43000 / 42000
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