9 September 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Date : 9 September 2020
Pivot point : 9921
Our preference : our next up target stands at 10470.
Alternative scenario : the downside breakout of 9921 would call for 9729 and 9615.
Comment : the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 10055 and 10096).
Supports and resistances :
10584 **
10470 *
10355
10125 – Last price
9921
9729 *
9615 **
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.