Bitcoin Technical Analysis : BTC/USD 20 November 2020

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

Bitcoin Technical Analysis : BTC/USD 20 November 2020

Bitcoin Technical Analysis : BTCUSD

Date : 20 November 2020

Pivot point : 17855

Our preference : the upside prevails as long as 17855 is support.

Alternative scenario : the downside breakout of 17855 would call for 17561 and 17387.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 17984 and 17894).

Supports and resistances :

18890 **
18714 *
18539
18109 – Last price
17855
17561 *
17387 **

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

Source : Trading Central

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