Bitcoin / Dollar intraday: below its lower Bollinger band
Our pivot point is at 23730.
Our preference:
The downside prevails as long as 23730 is resistance.
Alternative scenario:
Above 23730, look for 24420 and 24830.
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 23342 and 23405). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (23173).
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.