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BTC Plan B.
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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 16350.
Bearish divergence is expected to cap gains.
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 16350.
Bearish divergence is expected to cap gains.
Our profit targets will be 16268 and 15848
Resistance: 17800 / 18000 / 18470
Support: 17600 / 17200 / 16500
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