Market Analysis of BITCOIN on Wednesday 9 November 2022

2022-11-09 09:45Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 18390 is resistance

 

Our pivot point stands at 18390.

 

Our preference:

The downside prevails as long as 18390 is resistance.

 

Alternative scenario:

The upside breakout of 18390, would call for 18670 and 18830.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19185 and 19759).

https://asset.onetrader.online/upload/file/1667923200000/1667958325364.png

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