Bitcoin / Dollar intraday: as long as 36715 is support look for 39841

Trading Central 2021-01-14 14:33:05

Our pivot point stands at 36715.

Our preference: as long as 36715 is support look for 39841.

Alternative scenario: below 36715, expect 35741 and 35161.

Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 37336 and 35741).

Supports and resistances:

41020 **

40430 *

39841 **

39252

38074 last

37098

36715 **

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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