BTC/USD Risk Shifting – Sally Ho’s Tech Analysis – 21 Nov 2022
Bitcoin (BTC/USD), which sought technical guidance in the Asian session, continued to look at some upside technical targets. The pair also considered areas of potential selling pressure such as the 17791 or 18495 levels. These levels are related to selling pressure that began around the 21478.80 level. Traders are trying to maintain a break above 17136.49, which represents the 50% retracement in the recent appreciation range of 15512 to 18140.62. BTC/USD has recently fallen to the 15512 area. This was a two-year low and represented a bearish price objective. Selling pressure had been increasing around the 21478.80, 18495.50 zones. Technical confirmation and validation occurred when stops were elected below the corresponding downside price targets at the 17573.96 or 16651.45 areas. 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 (hourly), which indicates below the 100-bar MA, and below the 200 bar MA (hourly), is also bearish.
Price activity is close to the 200-bar MA (4 hourly) at 160303.17 and the 50 bar MA (Hourly), at 16882.47.

Technical Support is expected to be available around 15512/13369.11/10727.75, 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 Above SlowD, while MACD is Bullishly Above MACDAverage.

Disclaimer: Sally Ho’s Technical Analysis is provided by a third-party and is 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 Risk Shifting: Sally Ho’s Technical Analysis – 21 Nov 2022Bitcoin/USD sought additional technical guidance in the Asian session. The pair was still looking at some upside technical targets and areas for selling pressure. These include the 17791 level and the 18495 levels. This is related to selling pressure that began around the 21478.80 region. Traders are trying to maintain a break above 17136.49, which represents the 50% retracement in the recent appreciation range of 15512 to 18140.62. BTC/USD has recently fallen to the 15512 area. This was a two-year low and represented a bearish price objective. Selling pressure had been increasing around the 21478.80, 18495.50 zones. Technical confirmation and validation occurred when stops were elected below the corresponding downside price targets at the 17573.96 or 16651.45 areas. The 13369, 7538, and 8837 levels are associated with downside price objectives below current prices 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 hours) is bearishly indicating that the 200-bar MA (4 hours) and the 100-bar MA (four hours) are below traders’ expectations. The 50-bar MA is also bearishly indicating below 100-bar MA (2-hourly), and below 200-bar MA (4 hourly). Price activity is close to the 200-bar MA (4 hours) at 1683.17 and the 50 bar MA (Hourly), at 16882.47. Technical Support is expected to be around 15512/ 13359.11/ 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. The 60-minute chart shows SlowK as Bullishly higher than SlowD, while MACD is bullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analyses are provided by a third-party and are 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.