Bitcoin Intraday: the downside prevails as long as 101500 is resistance
Dec 13, 2024 1:05 AM
the downside prevails as long as 101500 is resistance.
101500 is our pivot point.
Our preference:
the downside prevails as long as 101500 is resistance.
Alternative scenario:
above 101500, look for 103260 and 104310.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 100537 and 100762).
Supports and resistances:
104310 **
103260 *
101500 **
100810
99963 last
97860
96810 **
95770 *
94720 **
Our preference:
the downside prevails as long as 101500 is resistance.
Alternative scenario:
above 101500, look for 103260 and 104310.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 100537 and 100762).
Supports and resistances:
104310 **
103260 *
101500 **
100810
99963 last
97860
96810 **
95770 *
94720 **
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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