Bitcoin - Intraday - We look to Sell a break of 30888 (stop at 31666)
Daily signals are bearish.
We can see no technical reason for a change of trend.
Dips continue to attract buyers.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
The bias is to break to the downside.
Pivot support is at 31000.
A break of bespoke support at 31000, and the move lower is already underway.
Pivot support is at 28600.
Our profit targets will be 28818 and 28118
Resistance: 32000 / 33000 / 34000
Support: 31000 / 30000 / 28600
Daily signals are bearish.
We can see no technical reason for a change of trend.
Dips continue to attract buyers.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
The bias is to break to the downside.
Pivot support is at 31000.
A break of bespoke support at 31000, and the move lower is already underway.
Pivot support is at 28600.
Our profit targets will be 28818 and 28118
Resistance: 32000 / 33000 / 34000
Support: 31000 / 30000 / 28600
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