BTC / USD gedreven onder 49000 technical at Handel: technical analysis by Sally Ho 25 August 2021 BTC

Bitcoin (BTC / USD) was vulnerable early in the Asian session as the pair rose to 48384.50 after trading at 48875.90 in the European session, and the intraday high near the price drop target was linked to selling pressure around 50491.44 at the start of the week.  Traders observe that the intraday low represents a test of another price cut target of around 48440, which is due to selling pressure starting near the 50491 level.  The BTC / USD pair recently traded at 50505, the first trade above the psychologically important 50000 figure since mid-May.

Traders are paying attention to October price adjustment levels, including areas 51109, 52608 and 53259.  As a result of the recent progress in the two 50000 above figure, the downward correction levels and potential technical support areas include 47388, 45500, 43902, 42405, 40416, 40125, and level 39903.  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 October, the 50-bar average (per hour) rises above the 100-bar average (per hour) and the 200-bar average (per hour).

Price activity is closest to a 50-bar average at 47495.11 (4 p.m.) and a 100-bar average (hour) at 49215.47.

Technical support expected in the region 42405.29/ 39903.28/ 37401.27 you’d expect that to happen with the stops below.

Technical resistance expected to be close 50505/ 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-minute chart, SlowK is below the slow one, while MACD is below the Macda average.                                                                                                                                               

 

DISCLAIMER: This trade analysis is provided by a third party and is for informational purposes only. This does not reflect

Join the Discussion

  • BrokerEUR/USD
    ETX Capital 0.6pips (variable) margin: 3.33%
  • Back to top