Bitcoin - Short Term - We look to Sell
Bespoke resistance is located at 11700.
50-hour EMA is at 11260.
A break of yesterdays low would confirm bearish momentum.
Short term bias is mildly bearish.
11731 has been pivotal.
Trend of lower low can be seen.
MACD continues with third selling wave.
RSI is trending lower.
Our profit target will be 11050
Resistance: 11420 / 11580 / 11700
Support: 11310 / 11250 / 11100
Bespoke resistance is located at 11700.
50-hour EMA is at 11260.
A break of yesterdays low would confirm bearish momentum.
Short term bias is mildly bearish.
11731 has been pivotal.
Trend of lower low can be seen.
MACD continues with third selling wave.
RSI is trending lower.
Our profit target will be 11050
Resistance: 11420 / 11580 / 11700
Support: 11310 / 11250 / 11100
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