Bitcoin (BTC/USD) February 09, 2020
BTCUSDPivot Point: (65 day EMA) $8552.82
The long-term trend is considered up when BTC/USD is above the 65 day EMA
Our view: Long positions above (65 day EMA) $8552.82
Comment: BTC/USD remains Bullish above the $8552.82 level—Buy on a pullback into the value zone (area between the 13 & 26 day EMA)
Stop-loss: (65 day EMA) $8552.82
Alternative scenario: Below $8552.82 BTC/USD becomes Bearish, expect further downside to lower levels
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