Bitcoin - Intraday - We look to Sell at 20769 (stop at 21211)
Our short term bias remains negative.
Preferred trade is to sell into rallies.
Previous support at 20800 now becomes resistance.
50 4hour EMA is at 20840.
Broken out of the channel formation to the downside.
Our profit targets will be 19731 and 19231
Resistance: 20000 / 20800 / 21500
Support: 19500 / 19000 / 18500
Our short term bias remains negative.
Preferred trade is to sell into rallies.
Previous support at 20800 now becomes resistance.
50 4hour EMA is at 20840.
Broken out of the channel formation to the downside.
Our profit targets will be 19731 and 19231
Resistance: 20000 / 20800 / 21500
Support: 19500 / 19000 / 18500
