Bitcoin Intraday: above its upper Bollinger band
Nov 1, 2024 2:03 PM
the upside prevails as long as 70330 is support.
Our pivot point is at 70330.
Our preference:
the upside prevails as long as 70330 is support.
Alternative scenario:
the downside breakout of 70330 would call for 69320 and 68730.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 69778 and 70038). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (70939).
Supports and resistances:
74130 **
73530 *
72930 **
72340
71137 last
70720
70330 **
69320 *
68730 **
Our preference:
the upside prevails as long as 70330 is support.
Alternative scenario:
the downside breakout of 70330 would call for 69320 and 68730.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 69778 and 70038). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (70939).
Supports and resistances:
74130 **
73530 *
72930 **
72340
71137 last
70720
70330 **
69320 *
68730 **
免責事項：当コンテンツ（分析・戦略等）は第三者機関Trading Centralが提供するもので、分析官の独立した見解に基づきます。投資家の財務状況や投資目的は考慮されておりません。全ての戦略的見解は投資助言ではなく、参考情報としてのみ提供されます。当社はその正確性を保証せず、戦略実施による結果について一切の責任を負いません。
