BTCUSD - Intraday - We look to Sell at 59485 (stop at 60144)
Short term bullish momentum has stalled.
Previous support, now becomes resistance at 60000.
Pivot resistance is at 60100.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
50 4hour EMA is at 59600.
Our profit targets will be 57717 and 56717
Resistance: 57800 / 58500 / 59500
Support: 57000 / 56500 / 56000
Short term bullish momentum has stalled.
Previous support, now becomes resistance at 60000.
Pivot resistance is at 60100.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
50 4hour EMA is at 59600.
Our profit targets will be 57717 and 56717
Resistance: 57800 / 58500 / 59500
Support: 57000 / 56500 / 56000
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