Signal_Centre1

Bitcoin sell the downtrend.

Short
BITSTAMP:BTCUSD   Bitcoin
BTCUSD - Intraday - We look to Sell at 39584 (stop at 40505)

Daily signals are mildly bearish.
Trend line resistance is located at 39600.
Broken out of the triangle formation to the downside.
We look for losses to be extended today.

Our profit targets will be 36848 and 35848

Resistance: 39800 / 40500 / 41000
Support: 38800 / 38000 / 36800

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.