Bitcoin / Dollar intraday: look for a drop towards 34179 before a bounce

Trading Central 2021-01-13 01:08:05

Our pivot point stands at 34179.

Our preference: look for a drop towards 34179 before a bounce.

Alternative scenario: the downside breakout of 34179 would call for 33272 and 32732.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 34889 and 34468).

Supports and resistances:

37777 **

37234 *

36692 **

36149

34895 last

34536

34179 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

6 Reasons To Open An Account

Multi-language 24/7 professional support

Fast, convenient fund and withdrawals

Free demo account $10,000

International recognition

Real-time quotes with push notification

Professional market analysis broadcast