BTC: Channel broken
Bitcoin
Intraday - We look to Sell at 22789 (stop at 23351)
Short term momentum is bearish. Broken out of the channel formation to the downside. The trend of higher intraday lows has also been broken. Reverse trend line resistance comes in at 22800. We look for a temporary move higher.
Our profit targets will be 21377 and 20977
Resistance: 22000 / 22500 / 23000
Support: 21500 / 21000 / 20500
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Intraday - We look to Sell at 22789 (stop at 23351)
Short term momentum is bearish. Broken out of the channel formation to the downside. The trend of higher intraday lows has also been broken. Reverse trend line resistance comes in at 22800. We look for a temporary move higher.
Our profit targets will be 21377 and 20977
Resistance: 22000 / 22500 / 23000
Support: 21500 / 21000 / 20500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
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