BTC Buy a break setup.
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BTCUSD - Intraday - We look to Buy a break of 41051 (stop at 39734)
With signals for sentiment at oversold extremes, the dip could not be extended.
A break of the recent low at 36333 should result in a further move lower.
We need to see a break of bespoke resistance (at 41000) to confirm the positive outlook.
The move lower is mixed and volatile, common in corrective sequences.
A higher correction is expected.
Our profit targets will be 44848 and 45848
Resistance: 41000 / 42000 / 46000
Support: 36000 / 33000 / 32000
With signals for sentiment at oversold extremes, the dip could not be extended.
A break of the recent low at 36333 should result in a further move lower.
We need to see a break of bespoke resistance (at 41000) to confirm the positive outlook.
The move lower is mixed and volatile, common in corrective sequences.
A higher correction is expected.
Our profit targets will be 44848 and 45848
Resistance: 41000 / 42000 / 46000
Support: 36000 / 33000 / 32000
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