Bitcoin in Triangle formation.
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Bitcoin - Short term - We look to Buy
Previous resistance, now becomes support at 11300.
The RSI is trending higher.
We look to buy dips.
Short term bias is mildly bearish.
A break of yesterdays high would confirm bullish momentum.
Price action has continued to range within a triangle formation.
The bias is to break to the upside.
Our profit targets will be 11579 and 11682
Resistance: 11420 / 11580 / 11700
Support: 11310 / 11250 / 11100
Signal Centre
Previous resistance, now becomes support at 11300.
The RSI is trending higher.
We look to buy dips.
Short term bias is mildly bearish.
A break of yesterdays high would confirm bullish momentum.
Price action has continued to range within a triangle formation.
The bias is to break to the upside.
Our profit targets will be 11579 and 11682
Resistance: 11420 / 11580 / 11700
Support: 11310 / 11250 / 11100
Signal Centre
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