Analysis Of BTC/USD 11.03.2020

Analysis Of BTC/USD 11.03.2020

Written by: PaxForex analytics dept - Wednesday, 11 March 2020 0 comments

The price is below the moving average of 20 MA and MA 200, indicating the downward trend. 
MACD is below the zero levels.
The oscillator Force Index is below the zero levels.

If the level of support is broken, you shall follow the recommendations below:

  • Timeframe: H4
  • Recommendation: Short Position
  • Entry Level: Short Position 7600.00
  • Take Profit Level: 6800.00 (80000 pips)

If the price rebound from the support level, you shall follow the recommendations below:

  • Timeframe: H4
  • Recommendation: Long Position
  • Entry Level: Long Position 8100.00
  • Take Profit Level: 8400.00 (30000 pips)

GOLD
A possible long position at the breakout of the level 1667.00

USDJPY
A possible short position in the breakdown of the level 104.00

EURUSD
A possible long position at the breakout of the level 1.1370

GBPUSD
A possible long position at the breakout of the level 1.2980