BTC Sell the downtrend line.
BTCUSD - Intraday - We look to Sell at 39388 (stop at 40424)
Daily signals are mildly bearish.
Price action has continued to range within a triangle formation.
Trend line resistance is located at 39400.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 36808 and 35808
Resistance: 37500 / 38500 / 39800
Support: 36300 / 35500 / 34000
Daily signals are mildly bearish.
Price action has continued to range within a triangle formation.
Trend line resistance is located at 39400.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 36808 and 35808
Resistance: 37500 / 38500 / 39800
Support: 36300 / 35500 / 34000
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