Technical Analysis (Bitcoin) : BTC/USD 6 September 2019

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

Technical Analysis (Bitcoin) : BTC/USD 6 September 2019

Cryptocurrency Technical Analysis : BTC/USD (Bitcoin)

Identified : 6 September 2019

Our pivot point stands at : 10554

Our preference : the upside prevails as long as 10554 is support.

Alternative scenario : the downside breakout of 10554 would call for 10409 and 10322.

Supports and resistances :

11150 **
11063 *
10976 **
10889
10715 – Last
10611
10554 **
10409 *
10322 **

Comment : the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 10594 and 10583). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 10711).

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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