BTC/USD Tests 33138 Technical Resistance: Sally Ho’s Technical Analysis 15 July 2021 BTC

BTC/USD Tests 33138 Technical Resistance:  Sally Ho's Technical Analysis 15 July 2021 BTC

Bitcoin (BTC/USD) regained some lost ground early in the Asian session as the pair appreciated to the 33125.55 level after trading as low as the 31600 level during the European session, with the intraday high representing a test of the 23.6% retracement of the recent depreciating range from 34670 to 32665, and a test of the 50% retracement of the depreciating range from 34670 to 31600.  The interday low represented the weakest print since late June, and traders are closely watching how BTC/USD trades around the 31755.32 area, representing the 23.6% retracement of the depreciating range from 41322.55 to 28800

Traders recently lifted BTC/USD to the 34670 area after Stops were elected above the 34484.12 area, representing the 61.8% retracement of the recent depreciating range from 35951 to 32111Buying pressure recently emerged around the 33027.83 area, representing a test of the 23.6% retracement of the same depreciating range.  Traders observe BTC/USD continues to be offered below the 38236.16 area, a level that represents the 23.6% retracement of the depreciating range from the lifetime high of 64899 to 30000.  Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 33410.63 and the 50-bar MA (Hourly) at 32667.98.

Technical Support is expected around 28747.28/ 27706.27/ 27175.66 with Stops expected below.

Technical Resistance is expected around 46000/ 51569.56/ 64899 with Stops expected above.  

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.                                                                                                                                                   

 

Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of, nor is it intended to be used as legal, tax, investment, or financial advice.

Every trader who trades cryptocurrency on the Binance exchange wants to know about the upcoming pumping in the value of coins in order to make huge profits in a short period of time.
This article contains instructions on how to find out when and which coin will participate in the next “Pump”. Every day, the community on Telegram channel Crypto Pump Signals for Binance publishes 1-2 free signals about the upcoming “Pump” and reports on successful “Pumps” which have been successfully completed by the organizers of the VIP community.
These trading signals help earn from 20% to 150% profit in just a few hours after purchasing the coins published on the Telegram channel “Crypto Pump Signals for Binance”. Are you already making a profit using these trading signals? If not, then try it! We wish you good luck in trading cryptocurrency and wish to receive the same profit as VIP users of the Crypto Pump Signals for Binance channel. Examples can be seen on this page!
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.

Leave a Reply