BTC / USD hieronder 49000: technical analysis by Sally Ho August 23, 2021 BTC

Bitcoin (BTC / USD) had a weaker slope at the start of the Asian session as the pair traded at 49000, after trading at 49499, equalling a 76.4% correction of the recent afschrijvende December of 49821.92 to 48650.03.  Narrow margins suggest a decline in the market’s liquidity and a break before a potential upward move towards a psychologically significant 50000 figure.  Stops were selected above the 46849.50 zone, which corresponds to a 50% correction of the depreciation December from 64899 to 28800.  October December was held above 48287.98, which corresponds to a 61.8% retracement of the depreciation range from 59592.20 to 30000.  October December additional reverse correction levels in these ranges include 51109, 52608, and 53259. 

During the rollback, recently, in a selected area 45945,44, 45418,91, 44767,43 and 44669,26, accounting for 50% and 61,8%, 76.4% to 78.6% euro December corresponding to increase place 43714,36 to 48176,52 issue.   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).   It also rises above the 50-bar average (per hour), the 100-bar average (per hour), and the 200-bar average (per hour).

Price activity is closest to the 50 bar average (4 hours) at 46829.45 and the 50 bar average (hours) at 48958.37.

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 49821.92/ 51569.56/ 64899 with stops expected above.  

On the 4-hour chart, SlowK is below slow, while the MACD is rising above 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. Really like this

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