Bitcoin / Dollar intraday: the upside prevails as long as 18830 is support
18830 is our pivot point.
Our preference:
The upside prevails as long as 18830 is support.
Alternative scenario:
The downside breakout of 18830 would call for 18260 and 17920.
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19126 and 18913).
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.