BTC/USD Tries to Fight Back: Sally Ho’s Technical Analysis – Nov 12, 2022
Bitcoin (BTC/USD) remained defensive early on. Asian session as the pair attempted to regain lost ground following the impact depreciation To 15512 area, the minimal print From November 2020. recovery Following that, Bitcoin/USD escalated taller than To 18140.62 Area, immediate vicinity of former relatives lowest price in months. Technically, 15512 levels represents Accurate lower target Recent association sales pressure that intensified around 21478.80 When 18495.50 area.this Technical significance of this price target It finally played the exact role Relatively low level in two years during the ongoing move Verified when stop It was elected under Correspondence Lower price target and 17573.96 When 16651.45 area.related Lower price target under Current price action includes: 13369, 8837When 7538 levels.
Underway Depreciation intensifies rear stop It was elected under of 16990, 16966When 16503 levelsrelated areas historical assessment scope started around the time 3858 When 9819 levels. Technicians continue to 14500.15 When 10432.73 Main fields downward target. addition Lower price target include 14613, 10727When 9682 levelsrelated fields sales pressure that intensified around 20894.96 When 18495.50 area.following recent developments low To lowest price in 2 yearsarea of potential technical resistance include 16920, 17791, 18495, 19199, 20070When 20201 level. Traders should 50 bar MA (every 4 hours) teeth be bearish and indicate of 100 bar moving average (4 hours) When Moreover of 200 bar MA (4 hours). again, 50 bar moving average (hourly) teeth bearishly show under of 100 bar moving average (hourly) When under of 200 bar moving average (hourly).
price action is closest 200 bar MA (every 4 hours) in 19688.19 and the 50 bar MA (hourly) in 17252.93.
technical support expected to be around 15512/13369.11/10727.75 When stop Expect below.
technical resistance expected to be around 18495.40/ 19199.48/ 20070.64 When stop Expect above.
upon every 4 hours chart, Slow K teeth Strongly outperforms SlowD in the meantime MACD teeth Bullishly outperforming MACDAverage.
upon 60 minutes chart, Slow K teeth Bearish below SlowD in the meantime MACD teeth Strongly outperforms 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.
