22 June 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Date : 22 June 2020
Pivot point : 9223
Our preference : the upside prevails as long as 9223 is support.
Alternative scenario : below 9223, expect 8995 and 8860.
Comment : the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 9342 and 9348). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 9424).
Supports and resistances :
9427 – Last price
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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FBS : Daily trading plan for June 25, 2021 (GBP is pressed by dovish BOE, Stocks surged due to Biden’s plan)