Technical Analysis (Bitcoin) : BTC/USD 31 October 2019

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

Technical Analysis (Bitcoin) : BTC/USD 31 October 2019

Cryptocurrency Technical Analysis : BTC/USD (Bitcoin)

Identified : 31 October 2019

Our pivot point stands at : 9220

Our preference : the downside prevails as long as 9220 is resistance.

Alternative scenario : the upside breakout of 9220, would call for 9344 and 9418.

Supports and resistances :

9418 **
9344 *
9220 **
9171
9114 – Last
8957
8884 **
8810 *
8736 **

Comment : the RSI is below 50. 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 9152 and 9152).

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.



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