Technical Analysis (Bitcoin) : BTC/USD 25 September 2019

25 September 2019 Analysis (Forex, Currency Pair, CFDs, Crypto, etc.)BTC/USD (Bitcoin)Cryptocurrency

Technical Analysis (Bitcoin) : BTC/USD 25 September 2019

Cryptocurrency Technical Analysis : BTC/USD (Bitcoin)

Identified : 25 September 2019

Our pivot point stands at : 9451

Our preference : the downside prevails as long as 9451 is resistance.

Alternative scenario : above 9451, look for 10281 and 10775.

Supports and resistances :

10775 **
10281 *
9451 **
9125
8580 – Last
7547
7070 **
6593 *
6116 **

Comment : the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 10038 and 10315). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (8880).

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

If you open a live account with a broker that support Trading Central, you’ll get all analytical.

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



Auto Rebate Forex

Auto-Rebate (Daily / Weekly)

All Likerebateforex members get the rebate rate 90% of our commission. (No Fees - No Conditions - No Deals Restrictions)

Forex Brokers

5 Popular Forex Brokers