Technical Analysis (Bitcoin) : BTC/USD 5 September 2019

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

Technical Analysis (Bitcoin) : BTC/USD 5 September 2019

Cryptocurrency Technical Analysis : BTC/USD (Bitcoin)

Identified : 5 September 2019

Our pivot point stands at : 10661

Our preference : the downside prevails as long as 10661 is resistance.

Alternative scenario : the upside breakout of 10661, would call for 10805 and 10890.

Supports and resistances :

10890 **
10805 *
10661 **
10605
10547 – Last
10349
10264 **
10179 *
10093 **

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 10591 and 10558).

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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