BTC/USD Sets New 2-Year Low: Sally Ho’s Technical Analysis – 23 Nov 2022
Bitcoin (BTC/USD), which was on the defensive in the Asian session, climbed to the 15460 level. Stops were elected below 15512, the recent two-year low. This exact bearish price objective was based on selling pressure that has strengthened around the 21478.80 & 18495.50 areas. The 13369, 7538, and 8837 levels are associated downside price objectives below current activity. BTC/USD failed to break above the 17136.49 level, which represents the 50% retracement in the recent appreciation range of 15512 to 18140.62. After Stops were elected below 16990, 16966 and 16503 levels (areas associated with historical appreciating levels that began around the 3858 or 9819 levels), the recent depreciation was intensified.
Technicians are still focusing on the 14500.15 area and 10432.73 as potential downside targets. Other downside price targets include the 14613 and 10727 levels. These are areas related to selling pressure, which intensified around the areas of 20894.96 & 18495.50. The 17791, 18495, 19199, 20070 and 20201 levels are areas of technical resistance. The 50-bar MA (4 hourly) is bearishly indicating that it is below the 200-bar MA (4 hours) and below 100-bar MA (4 hours). The 50-bar MA (hourly), which indicates below the 100-bar MA, and below the 200 bar MA (hourly), is also bearish.
Price activity is closest to the 50-bar MA (4 hourly) at 16136.47, and the 50 bar MA (Hourly), at 16508.17.

Technical Support is expected to be available around 14500.15/13369.11/10727.75, with Stops expected below.
Technical Resistance is expected to be around 18495.40/ 19199.48/20070.64, with Stops expected to be above.
On the 4-Hourly chart SlowK is Bearishly below SlowD, while MACD is Bullishly Above MACDAverage.
On a 60-minute chart SlowK is Bullishly higher than SlowD, while MACD is Bearishly lower than MACDAverage.

Disclaimer: Sally Ho’s Technical Analyses are provided by a third-party and are intended to be used for informational purposes only. It does not represent the views of Crypto Daily and is not intended to be used for legal, tax, investment or financial advice.

  

BTC/USD Sets a New 2-Year Low: Sally Ho’s Technical Analysis – 23 Nov 2022Bitcoin/USD (BTC/USD), remained on the defensive in the Asian session. The pair reached the 15460 level shortly after Stops were elected below 15512. This was a bearish price objective that was based on selling pressure which strengthened around the 21478.80 & 18495.50 areas. The 13369, 7538, and 8837 levels are associated downside price objectives below current price activities. BTC/USD failed to break above the 17136.49 level, which represents the 50% retracement in the recent appreciation range of 15512 to 18140.62. After Stops were elected below 16990, 16966 and 16503 levels (areas associated with historical appreciating levels that began around the 3858 or 9819 levels), the recent depreciation intensified. Technicians are still focusing on the 14500.15 area and 10432.73 as potential downside targets. Other downside price targets include the 14613 and 10727 levels. These are areas related to selling pressure, which intensified around the areas of 20894.96 & 18495.50. The 17791, 18495, 19199, 20070 and 20201 levels are areas of technical resistance. The 50-bar MA (4 hourly) is bearishly indicating that it is below the 200-bar MA (4 hours) and below 100-bar MA (4 hours). The 50-bar MA is also bearishly indicating below 100-bar MA (4-hourly), and below 200-bar MA (4-8 hours). Technical Support is expected to be around 14500.15/ 13379.11/ 10727.75 with stops expected below. Technical Resistance is expected to be around 18495.40/ 19199.48/ 2007,0.64 with stops expected above. On the 4-hour chart, SlowK is bearishly below SlowD, while MACD’s Bullishness is above MACDAverage. On the 60-minute chart SlowK is bullishly above SlowD, while MACD’s Bearishness is below MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third-party and is for informational purposes only. It does not represent the views of Crypto Daily and is not intended to be used for legal, tax, investment or financial advice.