BTC/USD Driven By Technicals – 28 November 2022
Bitcoin (BTC/USD), which was dominating the Asian session, tested the simple moving average of 100 bars and came off. Recently, buying pressure has emerged multiple times around the 16481 area. This represents the 23.6% retracement in the recent appreciation range of 15460 to 16128, 16797.28. Other potential downside areas of technical support include the 16286, 16128, 1615970, 15775 and 15746. BTC/USD has recently fallen to the 15460 level, after Stops were elected below 15512. This was a two-year low and represented a bearish price objective. Selling pressure had been increasing around the 21478.80 area and 18495.50. The 13369, 7538, and 8837 levels are associated downside price objectives below current activity.
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 increased. 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 bullishly indicating that it is above the 100-bar MA and above the 200 bar MA (hourly).
Price activity is closest to the 50-bar MA (4 hourly) at 1643.07 and the 50 bar MA (Hourly), at 16536.51.

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 Bearishly Below SlowD, while MACD is Bearishly Below 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 Driven By Technicals: Sally Ho’s Technical Analysis – 28 Nov 2022Bitcoin/USD (BTC/USD), was dominated early in the Asian session. The pair tested the simple moving average of 100 bars and it came off. Recently, buying pressure has emerged several times around the 16481 area. This represents the 23.6% retracement in the recent appreciation range of 15460 to 16128, 16797.28. Other potential downside areas of technical support include the 16286, 16128, 1615970, 15775 and 15746. BTC/USD has recently fallen to the 15460 level, after Stops were elected below 15512. This was a two-year low and represented a bearish price objective. Selling pressure had been increasing around the 21478.80 area and 18495.50. The 13369, 7538, and 8837 levels are associated with downside price objectives below current activity. After Stops were elected below 16990, 16966 and 16503 levels, which are areas associated with historical appreciating levels that began around the 3858 or 9819 levels, the recent depreciation increased. 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 bearish, indicating below 200-bar MA (4 hours) and below 100-bar MA (four hours). The 50-bar MA is bullishly indicating that the 200-bar MA (4-hourly), and below the 100-bar MA (4-8 hours respectively) are bearish. 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/ 1939.48/ 20070.64 and stops expected above. SlowK is bearishly below SlowD, while MACD’s Bullishness is above MACDAverage on 4-hourly charts. On 60-minute charts, SlowK and MACD are Bearishly lower than SlowD, while MACD is Bearishly under 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.