Bitcoin buy a break setup.
BTCUSD - Intraday - We look to Buy a break of 52052 (stop at 50888)
Daily signals are bullish.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Dips continue to attract buyers.
A break of 52000 is needed to confirm follow through bullish momentum.
We can see no technical reason for a change of trend.
The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 55454 and 56612
Resistance: 52000 / 55000 / 56500
Support: 50000 / 48200 / 47200
Daily signals are bullish.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Dips continue to attract buyers.
A break of 52000 is needed to confirm follow through bullish momentum.
We can see no technical reason for a change of trend.
The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 55454 and 56612
Resistance: 52000 / 55000 / 56500
Support: 50000 / 48200 / 47200
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