Bitcoin - Intraday - We look to Sell at 9725 (stop at 9845)
Continued upward momentum from 9283 resulted in the pair posting net daily gains yesterday. We have a 78.6% Fibonacci pullback level of 9772 from 10011 to 8895. Selling posted in Asia. Price action has formed an intraday bearish Gartley pattern. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 8905 and 8800
Resistance: 9725 / 9772 / 10000
Support: 9100 / 8905 / 8800
Continued upward momentum from 9283 resulted in the pair posting net daily gains yesterday. We have a 78.6% Fibonacci pullback level of 9772 from 10011 to 8895. Selling posted in Asia. Price action has formed an intraday bearish Gartley pattern. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 8905 and 8800
Resistance: 9725 / 9772 / 10000
Support: 9100 / 8905 / 8800
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