Bitcoin to breakdown?
Bitcoin - 24h expiry - We look to Sell a break of 28788 (stop at 29288)
Our short term bias remains negative.
Posted a bearish Flag formation. A break of 29000 is needed to confirm the outlook.
A break of the recent low at 28825 should result in a further move lower.
We are trading at overbought extremes.
We look for losses to be extended today.
Our profit targets will be 27588 and 27088
Resistance: 29640 / 30000 / 30500
Support: 29200 / 28825 / 27500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Our short term bias remains negative.
Posted a bearish Flag formation. A break of 29000 is needed to confirm the outlook.
A break of the recent low at 28825 should result in a further move lower.
We are trading at overbought extremes.
We look for losses to be extended today.
Our profit targets will be 27588 and 27088
Resistance: 29640 / 30000 / 30500
Support: 29200 / 28825 / 27500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
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