Bitcoin / Dollar intraday: look for a drop towards 33885 before a bounce

Trading Central 2021-01-13 01:38:05

Our pivot point is at 33885.

Our preference: look for a drop towards 33885 before a bounce.

Alternative scenario: below 33885, expect 32986 and 32451.

Comment: the RSI is above 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 trading under its 20 period moving average (34783) but above its 50 period moving average (34520).

Supports and resistances:

37389 **

36852 *

36315 **

35778

34658 last

34239

33885 **

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.

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