BTC/USD Short-Term Technicals Dominating – Sally Ho’s Technical Analy – 18 November 2022
Bitcoin (BTC/USD) remained rangebound early in the Asian session as the pair continued to trade around the technically-significant levels related to the recent appreciating range from 15512 to 18140.62. The 17136.49 level, which is the 61.8% retracement for the appreciating range of 15512 to 18140.62, was again the place where selling pressure emerged. There was also some buying pressure around the 50% retracement for the same appreciating range. This underlines the technical significance and technical importance of this short-term trading range. Following the massive sell-off, the recent low around the 15512 region represents a precise downside price objective. This is due to recent selling pressure which intensified around the 21478.80 or 18495.50 areas. Technically, this price objective was the absolute relative two-year low in the ongoing move. 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 prices 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 bearish, indicating below the 200 bar MA (4-hourly), and above the 100 bar MA (4 hoursly). 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 100-bar MA (4 hourly) at 1656.87 and the 50 bar MA (Hourly), at 17023.59.

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 Bullishly higher than SlowD, while MACD is Bullishly higher than MACDAverage.
SlowK is bullishly above SlowD on a 60-minute chart, 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 Short-Term Technicals Dominating: Sally Ho’s Technical Analysis – 18 November 2022Bitcoin (BTC/USD) remained rangebound early in the Asian session as the pair continued to trade around the technically-significant levels related to the recent appreciating range from 15512 to 18140.62. The 17136.49 area was the level at which selling pressure emerged again. This is the level that represents the 61.8% Retracement of the appreciating range between 15512 and 18140.62. There was also some buying pressure around the 50% retracement for the same appreciating range. This underlines the technical significance and technical importance of this short-term trading range. Following the massive sell-off, the recent low around the 15512 region represents a precise downside price objective. This is due to recent selling pressure which intensified around the 21478.80 or 18495.50 areas. Technically, this price objective was the absolute relative two-year low in the ongoing move. 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 hourly) is bearishly indicating that the 200-bar MA (4 hourly) and the 100-bar MA (four hoursly) are below. The 50-bar MA is also bearishly indicating below 100-bar MA (2-hourly), and below 200-bar MA (4-8 hours). 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. SlowK is bullishly above SlowD, while MACD and MACDAverage are Bullishly below. On a 4-hour chart, SlowK rises above SlowD, while MACD rises above 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.