Bitcoin - Intraday - We look to Sell at 47588 (stop at 48404)
Daily signals for sentiment are at overbought extremes.
Momentum is stalling with the posting of new highs and indicates bearish divergence.
Pivot resistance is at 48190.
Trend line resistance is located at 47600.
Preferred trade is to sell into rallies.
Our profit targets will be 45304 and 44704
Resistance: 47800 / 48200 / 49000
Support: 46500 / 45500 / 45000
Daily signals for sentiment are at overbought extremes.
Momentum is stalling with the posting of new highs and indicates bearish divergence.
Pivot resistance is at 48190.
Trend line resistance is located at 47600.
Preferred trade is to sell into rallies.
Our profit targets will be 45304 and 44704
Resistance: 47800 / 48200 / 49000
Support: 46500 / 45500 / 45000
