Bitcoin - Intraday - We look to Sell at 40888 (stop at 41714)
Pivot resistance is at 40928.
We look for a temporary move higher.
A bearish Head and Shoulders is forming.
A higher correction is expected.
Preferred trade is to sell into rallies.
We are trading at overbought extremes.
Our profit targets will be 38666 and 37888
Resistance: 40000 / 41000 / 42500
Support: 38800 / 37800 / 36800
Pivot resistance is at 40928.
We look for a temporary move higher.
A bearish Head and Shoulders is forming.
A higher correction is expected.
Preferred trade is to sell into rallies.
We are trading at overbought extremes.
Our profit targets will be 38666 and 37888
Resistance: 40000 / 41000 / 42500
Support: 38800 / 37800 / 36800
