Bitcoin Technical Analysis : BTC/USD 18 November 2020

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

Bitcoin Technical Analysis : BTC/USD 18 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 18 November 2020

Pivot point : 17238

Our preference : as long as 17238 is support look for 18363.

Alternative scenario : below 17238, expect 16955 and 16787.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 17791 and 17388).

Supports and resistances :

18535 **
18363 *
18190
17818 – Last price
17238
16955 *
16787 **

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

Source : Trading Central

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