Bitcoin / Dollar intraday: rebound towards 19700
Our pivot point stands at 18690.
Our preference:
Rebound towards 19700.
Alternative scenario:
Below 18690, expect 18300 and 18070.
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 19050 and 19273).
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.