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BTC Sell the trend of higher highs.
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BTCUSD - Intraday - We look to Sell at 60588 (stop at 61842)
Trading close to the psychological 60000 level.
Trading within a Bullish Channel formation.
The trend of higher highs is located at 60600.
The trend of higher lows is located at 57000.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Pivot resistance is at 61780.
Preferred trade is to sell into rallies.
Our profit targets will be 57014 and 55520
Resistance: 59000 / 60000 / 61000
Support: 57300 / 56300 / 55000
Trading close to the psychological 60000 level.
Trading within a Bullish Channel formation.
The trend of higher highs is located at 60600.
The trend of higher lows is located at 57000.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Pivot resistance is at 61780.
Preferred trade is to sell into rallies.
Our profit targets will be 57014 and 55520
Resistance: 59000 / 60000 / 61000
Support: 57300 / 56300 / 55000
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