Bitcoin Technical Analysis : BTC/USD 19 November 2020

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

Bitcoin Technical Analysis : BTC/USD 19 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 19 November 2020

Pivot point : 18142

Our preference : as long as 18142 is resistance look for 17324.

Alternative scenario : above 18142, look for 18432 and 18605.

Comment : the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the pair stands above its 20 MA (17819) but below its 50 MA (17879).

Supports and resistances :

18605 **
18432 *
18142
17840 – Last price
17496
17324 *
17152 **

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

Source : Trading Central

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