potential drop in BTC on TF 30 minute
Our pivot point is at 19690.
Our preference: as long as 19690 is resistance look for 18160.
Alternative scenario: above 19690, look for 20260 and
20600.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19239 and 19239).
Supports and resistances:
20600 ** 20260 *
19690 **
19470
19226 last
18500
18160 **
17820 *
17480 **
Our preference: as long as 19690 is resistance look for 18160.
Alternative scenario: above 19690, look for 20260 and
20600.
Comment: the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19239 and 19239).
Supports and resistances:
20600 ** 20260 *
19690 **
19470
19226 last
18500
18160 **
17820 *
17480 **
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