REDATOR Ben Graham Posted January 23 REDATOR Report Share Posted January 23 [Bitcoin] Although RSI(14) is in the Neutral-Bullish level, but both EMAs remain in a Death Cross, which indicates that sellers are still quite dominant so that there is a potential for Bitcoin to weaken toward its nearest support level. Key Levels1. Resistance. 2 : 91250.582. Resistance. 1 : 90259.773. Pivot : 89387.454. Support. 1 : 88396.645. Support. 2 : 87524.32Tactical ScenarioPressure Zone: If the price breaks down below 89,387.45, there is potential pressure pushing Bitcoin toward 88,396.64.Momentum Extension Bias: If 88,396.64 is broken to the downside, Bitcoin could test 87,524.32. Invalidation Level / Bias RevisionThe downside bias is restrained if Bitcoin breaks out and closes above 91,250.58. Technical SummaryEMA(50) : 89624.46EMA(200): 90754.69RSI(14) : 56.62Economic News Release Agenda:Tonight the United States will release the following economic data:US - Flash Manufacturing PMI - 21:45 WIBUS - Flash Services PMI - 21:45 WIBUS - Revised UoM Consumer Sentiment - 22:00 WIBUS - Revised UoM Inflation Expectations - 22:00 WIBUS - CB Leading Index m/m - TentativeThe material has been provided by InstaForex Company - www.instaforex.com Visitante_49a7a1bb and Visitante_b6bd0e3f 1 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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