BTC / USD 45945 technische ondersteuning testing rollback: technical analysis by Sally Ho August 17, 2021 BTC

Bitcoin (BTC / USD) tried to maintain its recent upward trend at the start of the Asian session when it returned to the 45969.77 zone after trading at 48076.52, and the intraday high tested 23.6% of the December decline from 58367 to 4488.08.   Traders observed that the BTC / USD pair tested the region of 45945.44, a 50% correction of the recent increase between 43714.36 and 48176.52 during the North American session Dec.   The BTC / USD pair recently peaked at 48176.52, a new multi-month high. 

After moving to multi-month highs, downward correction levels and potential technical support areas cover 45418.91, 44767.43 and 44669.26.  If the BTC / USD pair expands its final upward trajectory, the upward correction levels and potential technical resistance areas include zones 48287.98, 52608.44, and 53259.47.  Traders note that the 50-bar average (4 hours) is rising above the 100-bar average (4 hours) and above the 200-bar average (4 hours).   In addition, it indicates that the 200 bar average (per hour) is above the 100 bar average (per hour) and the 200 bar average (per hour) at October.

Price activity is closest to the 50 bar average (hour) of 45932.06 and 50 bar average (hour) of 46766.74.

Technical support expected in the region 28747.28/ 27706.27/ 27175.66 you’d expect that to happen with the stops below.

Technical resistance expected to be close 48287.98/ 51569.56/ 64899 with stops expected above.  

On the 4-hour chart, SlowK is below slow, while MACD is below the Macda average.

On the 60 minutes chart, SlowK is bullish above Slowd, while MACD is bearish below the Macda average.                                                                                                                                               

 

DISCLAIMER: This trade analysis is provided by a third party and is for informational purposes only. Crypto does not reflect everyday opinion and is not intended to be used as legal, tax, investment,

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