Bitcoin Intraday: below its lower Bollinger band
Aug 12, 2024 7:35 AM
rebound towards 60080.
Our pivot point is at 57580.
Our preference: rebound towards 60080.
Alternative scenario: the downside breakout of 57580 would call for 56730 and 56210.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58638 and 59744). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (58259).
Supports and resistances:
61110 **
60600 *
60080 **
59570
58257 last
57920
57580 **
56730 *
56210 **
Our preference: rebound towards 60080.
Alternative scenario: the downside breakout of 57580 would call for 56730 and 56210.
Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58638 and 59744). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (58259).
Supports and resistances:
61110 **
60600 *
60080 **
59570
58257 last
57920
57580 **
56730 *
56210 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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70312
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-69.70%
