Bitcoin Technical Analysis : BTC/USD 16 November 2020

16 November 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 16 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 16 November 2020

Pivot point : 15929

Our preference : the upside prevails as long as 15929 is support.

Alternative scenario : below 15929, expect 15677 and 15528.

Comment : the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 15981 and 16003).

Supports and resistances :

16751 **
16601 *
16452
16152 – Last price
15929
15677 *
15528 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 95% of our commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 95%