Bitcoin - Intraday - We look to Sell at 39748 (stop at 40771)
Following yesterday's doji the overall trend has stalled and a reversal is possible.
Bespoke resistance is located at 40000.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bearish divergence is expected to cap gains.
Trend line resistance is located at 39750.
50 4hour EMA is at 37100.
Our profit targets will be 36876 and 36276
Resistance: 39000 / 39500 / 40000
Support: 37800 / 36800 / 35500
Following yesterday's doji the overall trend has stalled and a reversal is possible.
Bespoke resistance is located at 40000.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bearish divergence is expected to cap gains.
Trend line resistance is located at 39750.
50 4hour EMA is at 37100.
Our profit targets will be 36876 and 36276
Resistance: 39000 / 39500 / 40000
Support: 37800 / 36800 / 35500
