BTC/USD Stops Picked Above 30354: Technical Analysis by Sally Ho – July 21, 2023
Bitcoin (BTC/USD) Tries to Increase Recent income already Asian meeting when two people arrive 30421.29 area after stops yes selected above this 30196.25 and 30354.83 region, a Upside Price Target relevant buying pressure appearing around 29757.44 area.additional Upside Price Target related to this grade include 30526, 30611, 30762and 31145 area. Upside Price Target related to other level of buying pressure include 32125 and 33569 region, and stops quoted more than additional Upside Price Target surrounding 32043, 34531, 34658and 35912 area.
Following the recent benefit activity, area technical support and potential buying pressure include 29145, 28306, 27466, 26428and Level 26272. the following current price activity, 28095.44 area representative 23.6% retracement of historical depreciation from 69000 arrive 15460.traders observed 50 bar MA (4 hours) yes Below indicates bearish this 100 bar MA (4 hours) and more than this 200 MAs (4 hours). in addition, 50 bar MA (hourly) yes pessimistically show the following this 100 bar MA (hourly) and the following this 200 bar MA (hourly).
Price activity closest to 50 bar MA (every 4 hours) on 30369.61 and 100 bar MA (hourly) at 30090.97.
technical support estimated about 24440.41/ 23270.10/ 22769.39 and stops expected to be lower than.
technical resistance estimated about 31986.16/ 32989.19/ 34658.69 and stops As expected.
exist 4 hours chart, Slow K yes Bullish above SlowD although MACD yes Bullish above MACD average.
exist 60 minutes chart, Slow K yes Below SlowD Bearish although MACD yes Bullish above the MACD average.
Disclaimer: Sally Ho’s technical analysis is provided by a third party and is for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.