Bitcoin / Dollar intraday: the upside prevails as long as 19020 is support
19020 is our pivot point.
Our preference:
The upside prevails as long as 19020 is support.
Alternative scenario:
The downside breakout of 19020 would call for 18540 and 18250.
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19180 and 18990).
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.