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Bitcoin Price Analysis: 18495 Target

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BTC/USD Risk Aversion Shifting:  Sally Ho’s Technical Analysis – 21 November 2022

Bitcoin (BTC/USD) sought further technical steerage early within the Asian consultation because the pair endured to eye some upside technical goals and spaces of attainable promoting drive, together with the 17791 and 18495 ranges, associated with promoting drive that commenced across the 21478.80 house.  Traders have not too long ago sought to maintain a wreck above the 17136.49 house, representing the 50% retracement of the new appreciating vary from 15512 to 18140.62BTC/USD not too long ago depreciated to the 15512 house, a two-year low that represented an actual bearish charge goal in keeping with promoting drive that bolstered across the 21478.80 and 18495.50 spaces.  Technical affirmation and validation happened when Stops have been elected underneath corresponding drawback charge goals on the 17573.96 and 16651.45 spaces.  Associated drawback charge goals underneath present charge task come with the 13369, 8837, and 7538 ranges

The contemporary depreciation intensified after Stops have been elected underneath the 16990, 16966, and 16503 ranges, spaces related to ancient appreciating levels that commenced across the 3858 and 9819 ranges.   Technicians proceed to eye the 14500.15 and 10432.73 spaces as main drawback goals.  Additional drawback charge goals come with the 14613, 10727, and 9682 ranges, spaces which are associated with promoting drive that intensified across the 20894.96 and 18495.50 spaces.  Following the new transfer decrease to two-year lows, spaces of attainable technical resistance come with the 17791, 18495, 19199, 20070, and 20201 ranges.  Traders are watching that the 50-bar MA (4-hourly) is bearishly indicating underneath the 200-bar MA (4-hourly) and underneath the 100-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating underneath the 100-bar MA (hourly) and underneath the 200-bar MA (hourly).

Price task is nearest the 200-bar MA (4-hourly) at 16803.17 and the 50-bar MA (Hourly) at 16882.47.

 

Technical Support is predicted round 15512/ 13369.11/ 10727.75 with Stops anticipated underneath.

Technical Resistance is predicted round 18495.40/ 19199.48/ 20070.64 with Stops anticipated above.  

On 4-Hourly chart, SlowK is Bearishly underneath SlowD whilst MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD whilst MACD is Bullishly above MACDAverage.                                   

 

Disclaimer: Sally Ho’s Technical Analysis is equipped through a 3rd birthday celebration, and for informational functions handiest. It does now not mirror the perspectives of Crypto Daily, neither is it meant for use as felony, tax, funding, or monetary recommendation.

Source By https://cryptodaily.co.united kingdom/2022/11/bitcoin-price-analysis-18495-target-21-november-2022

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