Bitcoin - Intraday - We look to Sell at 39788 (stop at 40504)
Short term bullish momentum has stalled.
20 4hour EMA is at 39800.
Preferred trade is to sell into rallies.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 37808 and 37208
Resistance: 38800 / 39800 / 40500
Support: 37800 / 36800 / 35500
Short term bullish momentum has stalled.
20 4hour EMA is at 39800.
Preferred trade is to sell into rallies.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 37808 and 37208
Resistance: 38800 / 39800 / 40500
Support: 37800 / 36800 / 35500
