Bitcoin - Intraday - We look to Sell a break of 17166 (stop at 17475)
Rallies should be capped by yesterday's high.
We are trading at overbought extremes.
A higher correction is expected.
A break of 17200 is needed to confirm follow through negative momentum.
Trend line support is located at 16250.
Our profit targets will be 16268 and 15848
Resistance: 17800 / 18000 / 18470
Support: 17600 / 17200 / 16500
Rallies should be capped by yesterday's high.
We are trading at overbought extremes.
A higher correction is expected.
A break of 17200 is needed to confirm follow through negative momentum.
Trend line support is located at 16250.
Our profit targets will be 16268 and 15848
Resistance: 17800 / 18000 / 18470
Support: 17600 / 17200 / 16500
