Bitcoin / Dollar ST: further advance.

BTCUSD

Trading Central 2021-02-22 17:18:05

Pivot: 47500

Our preference: long positions above 47500 with targets at 60000 & 68600 in extension.

Alternative scenario: below 47500 look for further downside with 40500 & 38000 as targets.

Comment: the immediate trend remains up and the momentum is strong. The ascending 20-DMA is supporting the price.

Supports and resistances:

73000

68600

60000

55539 Last

47500

40500

38000

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.