Market Analysis of BITCOIN on Tuesday 27 September 2022

2022-09-27 09:49Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 18790 is support

 

18790 is our pivot point.

 

Our preference:

The upside prevails as long as 18790 is support.

 

Alternative scenario:

The downside breakout of 18790 would call for 18310 and 18030.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19090 and 18969).

https://asset.onetrader.online/upload/file/1664208000000/1664243427604.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