BTCUSD - Intraday - We look to Sell at 38988 (stop at 40020)
Broken out of the triangle formation to the downside.
Pivot resistance is at 39490.
Daily signals are mildly bearish.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The trend of lower highs is located at 39000.
Our profit targets will be 36363 and 35300
Resistance: 38200 / 39000 / 40000
Support: 37000 / 36200 / 35000
Broken out of the triangle formation to the downside.
Pivot resistance is at 39490.
Daily signals are mildly bearish.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
The trend of lower highs is located at 39000.
Our profit targets will be 36363 and 35300
Resistance: 38200 / 39000 / 40000
Support: 37000 / 36200 / 35000
