BTC/USD Targeting 200-Hour Simple Moving Average: Sally Ho’s Technical Analysis 27 November 2021 BTC

BTC/USD Targeting 200-Hour Simple Moving Average:  Sally Ho's Technical Analysis 27 November 2021 BTC

Bitcoin (BTC/USD) prolonged its sidewards trading task early in the Asian session as both remained to trade over technical assistance around the 55875.01 degree, however stayed forced listed below technical resistance around the 60081.95 location, standing for the 78.6% retracement of the valuing array from 57653.88 to 69000  Traders have lately tested technical resistance around the 200-hour simple moving standard for the very first time in over one week.  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 lots of retracement degrees as well as locations of possible technical assistance throughout the current pullback, consisting of the 65430, 64562, 63515, 63221, 61985, 61436, 60436, 59652, as well as 58887 degrees  Following both’& rsquo; s current volatility, disadvantage 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 showing 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 showing listed below the 200-bar MA (per hour) as well as listed below the 100-bar MA (per hour)

Price task is nearby the  50-bar MA ( 4-hourly) at 58070.20 as well as the  200-bar MA (Hourly) at 58071.90

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 Bullishly over SlowD while  MACD is Bullishly over MACDAverage                                                                                                                                               

 

Disclaimer: (*27 *) trading analysis is supplied by a 3rd party, as well as for informative functions just. It does not show 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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