BTC/USD Awaiting Fresh Sentiment: Sally Ho’s Technical Analysis 21 November 2021 BTC

BTC/USD Awaiting Fresh Sentiment:  Sally Ho's Technical Analysis 21 November 2021 BTC

Bitcoin (BTC/USD) was rangebound early in the Asian session as both remained to trade in between the 50-hour basic relocating standard as well as the 100-hour basic relocating a verage, an indicator that investors are looking for fresh technical view  The set has actually lately slid greater from a multi-week reduced around the 55625 location, as well as has actually been tested by the 58781.50 degree, standing for the 23.6% retracement of the current dropping variety from 69000 to 55625   Strong marketing stress arised recently after BTC/USD traded as high as the 66339.90 degree, standing for a examination of the 23.6% retracement of the valuing variety from 57653.88 to 69000 

Stops were chosen listed below numerous retracement degrees as well as locations of possible technical assistance throughout the pullback, consisting of the 65430, 64562, 63515, 63221, 61985, 61436, 60436, 59652, as well as 58887 degrees  Following both’& rsquo; s current volatility, drawback retracement degrees as well as locations of possible technical assistance consist of the 53835, 53150, 52598, 49409, as well as 49150 degrees  Traders are observing that the  50-bar MA (4-hourly) is  bearishly suggesting listed below the 100-bar MA (4-hourly) as well as  listed below  the  200-bar MA (4-hourly).   Also, the 50-bar MA (per hour) is bearishly suggesting listed below the 100-bar MA (per hour) as well as listed below the 200-bar MA (per hour)

Price task is nearby the  50-bar MA ( 4-hourly) at 61394.37 as well as the  100-bar MA (Hourly) at 58920.97

Technical Support  is anticipated about  53997.15/ 51245.86/ 49022.22  with Stops anticipated below.

Technical Resistance is anticipated about  69000/ 69449.40/ 77565.60 with Stops anticipated above.  

On  4-Hourly graph,  SlowK  is Bullishly over SlowD while  MACD is Bullishly over MACDAverage.

On  60-minute graph,  SlowK is Bearishly listed below SlowD while  MACD is Bearishly listed below MACDAverage                                                                                                                                               

Read the article:  ETH/USD Lightly Retreats After New All-Time High: Sally Ho's Technical Analysis 31 October 2021 ETH


Disclaimer: This trading analysis is supplied by a 3rd party, as well as for educational functions just. It does not show the sights of, neither is it planned to be utilized as lawful, tax obligation, financial investment, or economic recommendations.

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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