BTC/USD Focused on 58781: Sally Ho’s Technical Analysis 22 November 2021 BTC

BTC/USD Focused on 58781:  Sally Ho's Technical Analysis 22 November 2021 BTC

Bitcoin (BTC/USD) waited for upside energy early in the Asian session as both remained to orbit the 58781.50 degree, standing for the 23.6% retracement of the current diminishing array from 69000 to 55625   An absence of fresh technical view has actually lately maintained both in between the 50-hour straightforward relocating standard and also the 100-hour straightforward relocating standard  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 array from 57653.88 to 69000 

Stops were chosen listed below numerous retracement degrees and also locations of prospective technical assistance throughout the pullback, consisting of the 65430, 64562, 63515, 63221, 61985, 61436, 60436, 59652, and also 58887 degrees  Following both’& rsquo; s current volatility, drawback retracement degrees and also locations of prospective technical assistance consist of the 53835, 53150, 52598, 49409, and also 49150 degrees  Traders are observing that the  50-bar MA (4-hourly) is  bearishly showing listed below the 100-bar MA (4-hourly) and also  listed below  the  200-bar MA (4-hourly).   (*22 *), the 50-bar MA (per hour) is bearishly showing listed below the 100-bar MA (per hour) and also listed below the 200-bar MA (per hour)

Price task is nearby the  50-bar MA ( 4-hourly) at 61394.37 and also 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                                                                                                                                               


Disclaimer: This trading analysis is offered by a 3rd party, and also for informative objectives just. It does not mirror the sights of, neither is it meant to be utilized as lawful, tax obligation, financial investment, or monetary 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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