(22 JUNE 2018)Bitcoin / Dollar:The downside prevails as long as 6838 is resistance

(22 JUNE 2018)Bitcoin / Dollar:The downside prevails as long as 6838 is resistance

23 June 2018, 04:13
Jiming Huang
0
65

btc

The downside prevails as long as 6838 is resistance

 (By Swissquote TRADING CENTRAL)

Our pivot (invalidation) point stands at 6838.

Our preference

The downside prevails as Long as 6838 is resistance.

Alternative scenario

Above 6838, look for 7050 and 7176.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is

negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6697

and 6720).

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