in ANALISA by hafid zaini

7640873 7/12/2017 5:18 PM, BITCOIN / USD intraday: the upside prevails as long as 2300.38 is support


Our pivot point stands at 2300.38.


Our preference

: the upside prevails as long as 2300.38 is support.


Alternative scenario

: below 2300.38, expect 2254.26 and 2226.81.


Comment

: the RSI is trading above 70. This could mean that either the pair 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 positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 2299.70 and 2327.65).


Supports and resistances

:

2483.30 **

2455.74 *

2428.19 **

2400.63

2336.84 last

2318.50

2300.38 **

2254.26 *

2226.81 **