Bitcoin: Descending Triangle. We look to Sell at 49099 (stop at 50001)
Bitcoin - Intraday - We look to Sell at 49099 (stop at 50001)
Daily signals are bearish . Trades with a bearish descending triangle formation. The bias is to break to the downside. Trend line resistance is located at 49100. Preferred trade is to sell into rallies.
Our profit targets will be 46712 and 45912
Resistance: 47800 / 48800 / 49800
Support: 46500 / 45750 / 45000
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