Source: PaxForex Premium Analytics Portal, Technical Insight
Nasdaq-listed analytical software provider MicroStrategy bought 21,454 BTCs (~$250 million at the exchange rate at the time of the deal), becoming the first public company to invest part of its capital in bitcoin.
Nasdaq 100, 30 min
Pivot: 12110.00
Analysis:
Provided that the currency pair is traded below 12270.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 12110.00
- Take Profit 1: 12000.00
- Take Profit 2: 11840.00
Alternative scenario:
In case of breakout of the level 12270.00, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 12270.00
- Take Profit 1: 12440.00
- Take Profit 2: 12500.00
Comment:
As long as 12270.00 is a resistance, it is necessary to look for movement with a bearish bias.
Key levels:
Resistance | Support |
12500.00 | 12000.00 |
12440.00 | 11840.00 |
12270.00 | 11720.00 |
Nasdaq 100, D1
Pivot: 12140.00
Analysis:
While the price is above 11400.00 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 12140.00
- Take Profit 1: 12550.00
- Take Profit 2: 13100.00
Alternative scenario:
If the level 11400.00 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 11400.00
- Take Profit 1: 10850.00
- Take Profit 2: 10295.00
Comment:
RSI is bullish and indicates further growth.
Key levels:
Resistance | Support |
13500.00 | 11400.00 |
13100.00 | 10850.00 |
12550.00 | 10295.00 |