Bitcoin - Intraday - We look to Buy a break of 18512 (stop at 18284)
Daily signals are bullish.
We are trading at overbought extremes.
A break of 18500 is needed to confirm follow through bullish momentum.
Trading close to the psychological 20000 level.
Exaggerated Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 19174 and 19388
Resistance: 18500 / 18800 / 19200
Support: 18150 / 18000 / 17600
Daily signals are bullish.
We are trading at overbought extremes.
A break of 18500 is needed to confirm follow through bullish momentum.
Trading close to the psychological 20000 level.
Exaggerated Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 19174 and 19388
Resistance: 18500 / 18800 / 19200
Support: 18150 / 18000 / 17600
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Stop loss has been hit
