Bitcoin sell the resistance.
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BTCUSD - Intraday - We look to Sell at 36383 (stop at 37505)
Daily signals are bearish. 20 1day EMA is at 36500.
The overnight dip was bought into and follow through upward pressure was noted.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Our profit targets will be 33609 and 32609
Resistance: 35000 / 36500 / 37500
Support: 34000 / 33000 / 32000
Daily signals are bearish. 20 1day EMA is at 36500.
The overnight dip was bought into and follow through upward pressure was noted.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Our profit targets will be 33609 and 32609
Resistance: 35000 / 36500 / 37500
Support: 34000 / 33000 / 32000
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