Technical Analysis (Bitcoin) : BTC/USD 8 August 2019

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

Technical Analysis (Bitcoin) : BTC/USD 8 August 2019

Cryptocurrency Technical Analysis : BTC/USD (Bitcoin)

Identified : 8 August 2019

Our pivot point stands at : 11796

Our preference : as long as 11796 is support look for 12288.

Alternative scenario : the downside breakout of 11796 would call for 11634 and 11537.

Supports and resistances :

12483 **
12386 *
12288 **
12191
11937 – Last
11860
11796 **
11634 *
11537 **

Comment : the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 11895 and 11773).

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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