BTC/USD Remains Pressured Below 60000: Sally Ho’s Technical Analysis 20 November 2021 BTC

BTC/USD Remains Pressured Below 60000:  Sally Ho's Technical Analysis 20 November 2021 BTC

Bitcoin (BTC/USD) attempted to fight back from current weak point early in the Asian session as both valued to the 57512.59 degree in the European session after trading as reduced as the 55625 location throughout the other day’& rsquo; s Asian session.Stops were just recently chosen below the 59222.36 as well as 59076.15 locations, standing for the 76.4 % as well as 78.6 %retracements of the very same valuing variety from 57653.88 to(* )64300 marketing stressStrong arised previously today after traded asBTC/USD high as the 66339.90 degree , standing for a examination of the 23.6 % retracement of the valuing variety from 57653.88 to 69000 were

Stops chosen below several retracement degrees as well as locations of prospective technical assistance throughout the pullback , consisting of the 65430 , 64562, 63515 63221, 61985(* ), 61436, 60436, 59652, as well as 58887 degrees  bulls continue to be concentrated on the BTC/USD psychologically-important 70000 number both & rsquo; s current(* )volatility,Following drawback retracement degrees as well as locations of prospective technical assistance consist of the 57443, 57110, 56971, as well as 56682 degrees  are observing that the  50-bar MA (4-hourly) is Traders bearishly suggesting below the 100-bar MA (4-hourly) as well as  below  the  200-bar MA (4-hourly).   , the 50-bar MA (per hour) is Also bearishly suggesting below the 100-bar MA (per hour) as well as below the 200-bar MA (per hour) task is closest the  50-bar MA ( 4-hourly) at

Price 62326.44 as well as the  50-bar MA () at 58676.16Hourly  is anticipated about  53997.15/ 51245.86/ 49022.22 

Technical Support with  anticipated below. is anticipated about  69000/ 69449.40/ 77565.60 Stops with 

Technical Resistance anticipated above.    4-Stops graph, 

On SlowK  isHourly over SlowD while  MACD Bullishly is below MACDAverage.  60-minuteBearishly graph, 

On SlowK is over SlowD while  MACDBullishly is  over MACDAverage                                                                                                                                                Bullishly: trading analysis is supplied by a 3rd party, as well as for educational objectives just.

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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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