Market Analysis of BITCOIN on Monday 19 September 2022

2022-09-19 09:54Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 20040 is resistance

 

Our pivot point is at 20040.

 

Our preference:

The downside prevails as long as 20040 is resistance.

 

Alternative scenario:

Above 20040, look for 20430 and 20660.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 19823 and 19950).

https://asset.onetrader.online/upload/file/1663516800000/1663552470339.png

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.



More