Bitcoin
Short

BTC Sell a break setup.

676
Bitcoin - Intraday - We look to Sell a break of 46288 (stop at 46876)

Trades with a bearish descending triangle formation.
Pivot support is at 46309.
A break of 46300 is needed to confirm follow through negative momentum.
Trend line resistance is located at 48300.

Our profit targets will be 44525 and 44005

Resistance: 48000 / 48800 / 49200
Support: 47000 / 46300 / 45500

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.