December 6, 2023

BTC/USD Picking Stops Below 28164: Technical Analysis by Sally Ho – May 4, 2023

Bitcoin (BTC/USD) Experienced greater volatility already Asian session as pair Depreciated arrive 28122 area after stop yes Elected as follows Some short term price target include 28432.19 and 28258.08 levels, downside target that became technically important when Selling pressure strengthened surrounding 28692.49 and 28655.23 field. stop Too Elected as follows this 28164.42 Acute area sold outA downside price target related to extra selling pressure intensified around 28555.96 leveland other related price target include 28022.92 and 27794.20 field. buying pressure recently appeared on 27929.17 area, a grade that represents 23.6% retracement of Depreciation rate from 31050 arrive 26965.14. stop recent more than elected this 27929.17, 28525.56, 29007.57and 29489.58 period area higher appreciation, retracement level related to recent Depreciation range from 31050 arrive 26965.14.

above the market, Upside Price Target related to recent buying pressure surrounding 27194.51 and 28161.74 Fields include 30420.74, 31237.11and 32556.73 levels. downside price target related to recent Depreciation range and level include 26533, 26085, 25604and 24103 levels. additional Upside Price Target include 31477.37, 32501.23, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28and 38403.97 levels. Another important price target Is 31846.88 area, a grade that represents 50% retracement of Depreciation rate from 48233.76 arrive 15460. Traders observed that 50 bar MA (4 hours) yes Pessimistically indicate below this 100 bar MA (4 hours) and the following this 200 bar MA (4 hours). also, 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 moving average (4 hours) at 28659.83 and 200 bar moving average (hourly) at 28684.53.

technical support Estimated surrounding 26533.04/ 25604.51/ 25094.62 and stop The expectations are as follows.

technical resistance Estimated surrounding 31986.16/ 32989.19/ 34658.69 and stop above expectations.

exist 4 hours chart, Slow K yes Bullish above SlowD although MACD yes Bullish above MACDAverage.

exist 60 minutes chart, Slow K yes Much lower than SlowD although MACD yes Much lower than MACDAverage.

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.