Bitcoin Intraday: below its lower Bollinger band
Oct 3, 2024 8:41 AM
the downside prevails as long as 61300 is resistance.
Our pivot point stands at 61300.
Our preference:
the downside prevails as long as 61300 is resistance.
Alternative scenario:
above 61300, look for 62470 and 63160.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 61037 and 61120). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (60414).
Supports and resistances:
63160 **
62470 *
61300 **
60840
60373 last
58810
58120 **
57420 *
56730 **
Our preference:
the downside prevails as long as 61300 is resistance.
Alternative scenario:
above 61300, look for 62470 and 63160.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 61037 and 61120). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (60414).
Supports and resistances:
63160 **
62470 *
61300 **
60840
60373 last
58810
58120 **
57420 *
56730 **
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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