BTC Sell the downtrend.
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BTCUSD - Intraday - We look to Sell at 39891 (stop at 40941)
Trend line resistance is located at 40000.
Daily signals are bearish.
We are trading at oversold extremes.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 37177 and 36177
Resistance: 37000 / 38000 / 40000
Support: 35000 / 33000 / 31000
Trend line resistance is located at 40000.
Daily signals are bearish.
We are trading at oversold extremes.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 37177 and 36177
Resistance: 37000 / 38000 / 40000
Support: 35000 / 33000 / 31000
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