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Signal_Centre1
Oct 14, 2021 12:10 PM

BTC Sell the bearish divergence. Short

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin - Intraday - We look to Sell at 58154 (stop at 59404)

Bearish divergence is expected to cap gains.
The trend of higher highs is located at 58800.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
We are trading at overbought extremes.

Our profit targets will be 54366 and 53366

Resistance: 58500 / 59000 / 60000
Support: 57200 / 56200 / 54500

Trade closed: stop reached

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