Bitcoin - Intraday - We look to Buy at 30761 (stop at 29968)
Daily signals are bullish.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
We look to buy dips.
Pivot support is at 30960.
A break of 30000 is needed to confirm follow through negative momentum.
The RSI is trending higher.
Our bias remains bullish and further upside is expected to target resistance at 33000.
Our profit targets will be 32988 and 34420
Resistance: 32400 / 33000 / 33800
Support: 31500 / 31000 / 30750
Daily signals are bullish.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
We look to buy dips.
Pivot support is at 30960.
A break of 30000 is needed to confirm follow through negative momentum.
The RSI is trending higher.
Our bias remains bullish and further upside is expected to target resistance at 33000.
Our profit targets will be 32988 and 34420
Resistance: 32400 / 33000 / 33800
Support: 31500 / 31000 / 30750
