Technical Analysis (Bitcoin) : BTC/USD 9 August 2019

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

Technical Analysis (Bitcoin) : BTC/USD 9 August 2019

Cryptocurrency Technical Analysis : BTC/USD (Bitcoin)

Identified : 9 August 2019

Our pivot point stands at : 11719

Our preference : the upside prevails as long as 11719 is support.

Alternative scenario : the downside breakout of 11719 would call for 11558 and 11462.

Supports and resistances :

12378 **
12282 *
12186 **
12089
11869 – Last
11782
11719 **
11558 *
11462 **

Comment : the RSI is above 50. 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 11778 and 11800).

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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