BTCUSD - Intraday - We look to Sell at 46878 (stop at 48206)
Daily signals are mildly bearish.
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing.
Previous support, now becomes resistance at 47000.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
20 4hour EMA is at 47700.
Our profit targets will be 43228 and 41228
Resistance: 47000 / 48000 / 50000
Support: 44400 / 43000 / 42000
Daily signals are mildly bearish.
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing.
Previous support, now becomes resistance at 47000.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
20 4hour EMA is at 47700.
Our profit targets will be 43228 and 41228
Resistance: 47000 / 48000 / 50000
Support: 44400 / 43000 / 42000
