Bitcoin - Intraday - We look to Buy a break of 41606 (stop at 40978)
Posted a bullish Flag formation.
A break of 41600 is needed to confirm the outlook.
A break of the recent high at 41557 should result in a further move higher.
We are trading at oversold extremes.
A higher correction is expected.
We look for a temporary move higher.
Our profit targets will be 43323 and 44223
Resistance: 41500 / 42000 / 43500
Support: 40800 / 40000 / 39200
Posted a bullish Flag formation.
A break of 41600 is needed to confirm the outlook.
A break of the recent high at 41557 should result in a further move higher.
We are trading at oversold extremes.
A higher correction is expected.
We look for a temporary move higher.
Our profit targets will be 43323 and 44223
Resistance: 41500 / 42000 / 43500
Support: 40800 / 40000 / 39200
