Bitcoin Technical Analysis : BTC/USD 15 May 2020
15 May 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 15 May 2020
Pivot point : 9718
Our preference : the downside prevails as long as 9718 is resistance.
Alternative scenario : the upside breakout of 9718, would call for 10008 and 10181.
Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 9672 and 9633).
Supports and resistances :
10181 **
10008 *
9718
9472 – Last price
9111
8939 *
8767 **
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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