Bitcoin - Intraday - We look to Sell at 40598 (stop at 41612)
We are trading at overbought extremes.
A higher correction is expected.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Pivot resistance is at 40900.
Preferred trade is to sell into rallies.
Our profit targets will be 37808 and 36808
Resistance: 39000 / 40000 / 41000
Support: 38000 / 36500 / 34500
We are trading at overbought extremes.
A higher correction is expected.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Pivot resistance is at 40900.
Preferred trade is to sell into rallies.
Our profit targets will be 37808 and 36808
Resistance: 39000 / 40000 / 41000
Support: 38000 / 36500 / 34500
Trade closed: target reached
