Bitcoin Intraday: the downside prevails as long as 70170 is resistance
Nov 1, 2024 9:01 PM
the downside prevails as long as 70170 is resistance.
70170 is our pivot point.
Our preference:
the downside prevails as long as 70170 is resistance.
Alternative scenario:
above 70170, look for 71150 and 71730.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 69986 and 69823).
Supports and resistances:
71730 **
71150 *
70170 **
69780
69275 last
68110
67530 **
66950 *
66370 **
Our preference:
the downside prevails as long as 70170 is resistance.
Alternative scenario:
above 70170, look for 71150 and 71730.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 69986 and 69823).
Supports and resistances:
71730 **
71150 *
70170 **
69780
69275 last
68110
67530 **
66950 *
66370 **
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