Technical Analysis (Bitcoin) : BTC/USD 7 October 2019

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

Technical Analysis (Bitcoin) : BTC/USD 7 October 2019

Cryptocurrency Technical Analysis : BTC/USD (Bitcoin)

Identified : 7 October 2019

Our pivot point stands at : 7785

Our preference : rebound towards 8091.

Alternative scenario : below 7785, expect 7678 and 7614.

Supports and resistances :

8219 **
8155 *
8091 **
8027
7873 – Last
7827
7785 **
7678 *
7614 **

Comment : the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands above its 20 MA (7867) but below its 50 MA (8036).

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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