BTC Buy a break setup.
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BTCUSD - Intraday - We look to Buy a break of 47614 (stop at 46794)
Posted a bullish Flag formation.
A break of 47000 is needed to confirm the outlook.
We look for gains to be extended today.
Price action resulted in a new all-time high at 48200.
We are trading at overbought extremes.
We can see no technical reason for a change of trend.
Trading close to the psychological 50000 level.
Our profit targets will be 49949 and 52484
Resistance: 47000 / 48200 / 50000
Support: 45000 / 43000 / 42000
Posted a bullish Flag formation.
A break of 47000 is needed to confirm the outlook.
We look for gains to be extended today.
Price action resulted in a new all-time high at 48200.
We are trading at overbought extremes.
We can see no technical reason for a change of trend.
Trading close to the psychological 50000 level.
Our profit targets will be 49949 and 52484
Resistance: 47000 / 48200 / 50000
Support: 45000 / 43000 / 42000
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