BTC/USD Profit-Taking Remains Technical: Sally Ho’s Technical Analysis 24 October 2021 BTC

BTC/USD Profit-Taking Remains Technical:   Sally Ho's Technical Analysis 24 October 2021 BTC

Bitcoin (BTC/USD) expanded its current pullback early in the Asian session as both remained to combine after just recently developing a brand-new life time high around the 66999 degree, an action that stood for a examination of an upside cost unbiased around the 67146.16 location.  Selling stress boosted around the 66650 location as well as magnified around the 63750 degree, pressing BTC/USD reduced to examination a drawback cost goal around the 59867 location.  Stops were chosen listed below the 61959, 61469, as well as 60851 locations throughout the pullback, as well as extra drawback cost goals consist of the 59060, 58265, 56284, as well as 53081 locations.   Stops were just recently chosen over vital upside cost goals throughout the step greater, consisting of the 65719.69 as well as 66380.94 degrees, cost locations associated with acquiring stress that arised around the 53873 as well as 66380 degrees 

As investors remain to gather long placements, there is restored concentrate on upside retracement degrees as well as locations of prospective technical resistance consisting of the 67146, 68515, 69449, 71974, as well as 73245 locations.   Following both’& rsquo; s current gains , drawback retracement degrees as well as locations of prospective technical assistance consist of the 63784, 61796, 60189, 58581, 56593, 57627, as well as 56293 degrees  Traders are observing that the  50-bar MA (4-hourly) is  bullishly showing over the 100-bar MA (4-hourly) as well as  over  the  200-bar MA (4-hourly).   Also, the 50-bar MA (per hour) is bullishly showing over the 100-bar MA (per hour) as well as over the 200-bar MA (per hour)

Price task is nearby the  50-bar MA ( 4-hourly) at 62020.95 as well as the  50-bar MA (Hourly) at 61960.61

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

Technical Resistance is anticipated about  67146.16/ 68515.32/ 69449.40 with Stops anticipated above.  

Read the article:  Stock trading app Robinhood makes its launching on the Nasdaq under the sign HOOD, priced at $38 dollars a share.

On  4-Hourly graph,  SlowK  is Bearishly listed below SlowD while  MACD is Bearishly listed below MACDAverage.

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

 

Disclaimer: (*24 *) trading analysis is given by a 3rd party, as well as for educational objectives just. It does not mirror the sights of, neither is it meant to be made use of as lawful, tax obligation, financial investment, or economic recommendations.

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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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