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Bitcoin / Dollar

Posted on the 09 October 2019 by Merks50
Bitcoin / Dollar intraday: the downside prevails as long as 8227 is resistance
8227 is our pivot point.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 8165 and 8191).
Alternative scenario:
the upside breakout of 8227, would call for 8338 and 8404.
Our preference:
the downside prevails as long as 8227 is resistance.

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