Bitcoin - Intraday - We look to Sell a break of 60987 (stop at 61878)
Trend line support is located at 61300.
A break of bespoke support at 61000, and the move lower is already underway.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A bearish Head and Shoulders has formed.
Our profit targets will be 58428 and 57428
Resistance: 63000 / 64900 / 67000
Support: 61800 / 61000 / 59500
Trend line support is located at 61300.
A break of bespoke support at 61000, and the move lower is already underway.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A bearish Head and Shoulders has formed.
Our profit targets will be 58428 and 57428
Resistance: 63000 / 64900 / 67000
Support: 61800 / 61000 / 59500
Trade closed: stop reached
