BTC Buy a flag break.

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Signal_Centre1

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

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