Bitcoin - Intraday - We look to Sell at 34388 (stop at 35076)
Daily signals are bearish. Trend line resistance is located at 34300. The previous swing high is located at 34677. However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern. Preferred trade is to sell into rallies.
very strong resistance indeed, but i would recommend using a thight stoploss when shorting that. I see that alot of people are seeing this downtrend, and i got a feeling that once we start moving closer to it volume will pick up and we will pump past the resistance.
personaly im going long once i see strenth at that trendline
good post
ProToCooL
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Are we still going to reach 34k given that we hit 32.5 ?
personaly im going long once i see strenth at that trendline
good post