BTC Sell the downtrend line.
BTCUSD - Intraday - We look to Sell at 38484 (stop at 39512)
Daily signals are mildly bearish.
Price action has continued to range within a triangle formation.
Trend line resistance is located at 38500.
We look for a temporary move higher.
Pivot resistance is at 39490.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 35808 and 34808
Resistance: 36800 / 37800 / 38500
Support: 35800 / 35000 / 34000
Daily signals are mildly bearish.
Price action has continued to range within a triangle formation.
Trend line resistance is located at 38500.
We look for a temporary move higher.
Pivot resistance is at 39490.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 35808 and 34808
Resistance: 36800 / 37800 / 38500
Support: 35800 / 35000 / 34000
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