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BTC a break setup!
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BTCUSD - Intraday - We look to Buy a break of 46612 (stop at 45686)
Daily signals are bullish.
Yesterday's price action moved through the resistance at 52000 but has so far failed to probe much higher.
Dips continue to attract buyers.
A break of 46300 is needed to confirm follow through bullish momentum.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 49213 and 51451
Resistance: 46300 / 48200 / 49400
Support: 44800 / 44000 / 43000
Daily signals are bullish.
Yesterday's price action moved through the resistance at 52000 but has so far failed to probe much higher.
Dips continue to attract buyers.
A break of 46300 is needed to confirm follow through bullish momentum.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 49213 and 51451
Resistance: 46300 / 48200 / 49400
Support: 44800 / 44000 / 43000
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