BTC Buy a break setup.
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BTCUSD - Intraday - We look to Buy a break of 43111 (stop at 41948)
With signals for sentiment at oversold extremes, the dip could not be extended.
30066 has been pivotal.
A break of bespoke resistance at 42500, and the move higher is already underway.
The previous swing high is located at 43000.
A break of 43000 is needed to confirm follow through bullish momentum.
20 1day EMA is at 48350.
Our profit targets will be 46461 and 47461
Resistance: 42500 / 44500 / 46500
Support: 40000 / 39300 / 36800
With signals for sentiment at oversold extremes, the dip could not be extended.
30066 has been pivotal.
A break of bespoke resistance at 42500, and the move higher is already underway.
The previous swing high is located at 43000.
A break of 43000 is needed to confirm follow through bullish momentum.
20 1day EMA is at 48350.
Our profit targets will be 46461 and 47461
Resistance: 42500 / 44500 / 46500
Support: 40000 / 39300 / 36800
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