Technical Analysis (Bitcoin) : BTC/USD 27 August 2019

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

Technical Analysis (Bitcoin) : BTC/USD 27 August 2019

Cryptocurrency Technical Analysis : BTC/USD (Bitcoin)

Identified : 27 August 2019

Our pivot point stands at : 10281

Our preference : the downside prevails as long as 10281 is resistance.

Alternative scenario : the upside breakout of 10281, would call for 10420 and 10502.

Supports and resistances :

10502 **
10420 *
10281 **
10227
10164 – Last
9986
9904 **
9822 *
9739 **

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 10272 and 10313).

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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