Premium Crypto TL;DRs

BTC/USD Tests 49361 Technical Resistance: Sally Ho’s Technical Analysis 22 December 2021 BTC

Share:

Bitcoin (BTC/USD) sought to add to recent gains early in today’s Asian session as the pair traded as high as the 49349.31 level after trading as low as the 46645.05 area during yesterday’s Asian session, with the interday high representing a test of the 50% retracement of the depreciating range from 57670.68 to 41053.06Selling pressure recently emerged above the interday high around the 49502.19 level, representing the 61.8% retracement of the depreciating range from 51995 to 45469.32BTC/USD bulls are waiting to see if BTC/USD can sustain a break above the 51503.64 area, representing the 38.2% retracement of a broader depreciating range from 66339 to 42333

Selling pressure commenced around the 59114.84 level in recent weeks and many Stops were elected below downside price objectives during the selling pressure, including the 56533, 56080, 55735, 54295, 54114, 53748, 53600, 53046, 52351, 51322, 51171, 50185, 49361, 47400, 47426, 44974, and 44667 levels.  Following the pair’s recent volatility, upside retracement levels and areas of potential technical resistance include the 52706.65, 55157.38, and 55526.67 areas. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 48409.23 and the 200-bar MA (Hourly) at 47438.19.

Technical Support is expected around 42151.91/ 38670.39/ 35734.12 with Stops expected below.

Technical Resistance is expected around 52706.65/ 55157.38/ 55526.67 with Stops expected above.  

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.                                                                                                                                               

 

Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.


Credit: Source link

More Posts
  • bitcoinBitcoin (BTC) $ 24,139.00 4.84%
  • ethereumEthereum (ETH) $ 1,773.22 5.08%
  • tetherTether (USDT) $ 0.999973 0.06%
  • usd-coinUSD Coin (USDC) $ 1.00 0.32%
  • bnbBNB (BNB) $ 329.74 5.47%
  • xrpXRP (XRP) $ 0.382853 2.57%
  • cardanoCardano (ADA) $ 0.545859 5.37%
  • binance-usdBinance USD (BUSD) $ 1.00 0.32%
  • solanaSolana (SOL) $ 42.68 6.6%
  • polkadotPolkadot (DOT) $ 9.31 10.02%
  • dogecoinDogecoin (DOGE) $ 0.071035 3.37%
  • avalanche-2Avalanche (AVAX) $ 29.71 13.68%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 3.91%
  • staked-etherLido Staked Ether (STETH) $ 1,710.12 5.01%
  • daiDai (DAI) $ 0.999319 0.2%
  • matic-networkPolygon (MATIC) $ 0.938898 3.26%
  • tronTRON (TRX) $ 0.070850 1.33%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,125.00 4.85%
  • ethereum-classicEthereum Classic (ETC) $ 39.25 4.08%
  • okbOKB (OKB) $ 18.52 1.34%
  • leo-tokenLEO Token (LEO) $ 4.85 2.9%
  • litecoinLitecoin (LTC) $ 63.62 4.8%
  • ftx-tokenFTX (FTT) $ 31.66 4.45%
  • uniswapUniswap (UNI) $ 9.21 4.52%
  • nearNEAR Protocol (NEAR) $ 5.33 3.58%
  • chainlinkChainlink (LINK) $ 8.60 11.02%
  • crypto-com-chainCronos (CRO) $ 0.151713 4.28%
  • cosmosCosmos Hub (ATOM) $ 11.79 8.04%
  • stellarStellar (XLM) $ 0.128815 4.06%
  • flowFlow (FLOW) $ 3.08 13.09%
  • moneroMonero (XMR) $ 167.10 1.81%
  • bitcoin-cashBitcoin Cash (BCH) $ 147.21 4.64%
  • algorandAlgorand (ALGO) $ 0.375344 5.03%
  • filecoinFilecoin (FIL) $ 9.36 5.73%
  • vechainVeChain (VET) $ 0.032624 4.76%
  • apecoinApeCoin (APE) $ 7.42 1.78%
  • internet-computerInternet Computer (ICP) $ 8.51 4%
  • decentralandDecentraland (MANA) $ 1.11 5.96%
  • chain-2Chain (XCN) $ 0.085198 0.37%
  • hedera-hashgraphHedera (HBAR) $ 0.079893 4.03%
  • quant-networkQuant (QNT) $ 132.43 2.96%
  • the-sandboxThe Sandbox (SAND) $ 1.38 5.17%
  • tezosTezos (XTZ) $ 1.94 3.71%
  • theta-tokenTheta Network (THETA) $ 1.69 4.88%
  • axie-infinityAxie Infinity (AXS) $ 19.02 3.42%
  • elrond-erd-2Elrond (EGLD) $ 68.48 6.22%
  • aaveAave (AAVE) $ 105.71 5.88%
  • fraxFrax (FRAX) $ 1.01 0.74%
  • lido-daoLido DAO (LDO) $ 2.60 7.81%
  • eosEOS (EOS) $ 1.28 3.99%
  • bitcoin-svBitcoin SV (BSV) $ 63.94 4.25%
  • true-usdTrueUSD (TUSD) $ 0.999379 0.21%
  • heliumHelium (HNT) $ 9.15 3.93%
  • the-graphThe Graph (GRT) $ 0.144983 14.17%
  • makerMaker (MKR) $ 1,165.74 6.58%
  • kucoin-sharesKuCoin (KCS) $ 10.72 1.39%
  • compound-usd-coincUSDC (CUSDC) $ 0.022612 0.1%
  • havvenSynthetix Network (SNX) $ 4.26 4.29%
  • iotaIOTA (MIOTA) $ 0.354832 1.67%
  • fantomFantom (FTM) $ 0.382706 5.16%
  • compound-ethercETH (CETH) $ 35.53 5.43%
  • bittorrentBitTorrent (BTT) $ 0.000001 3.32%
  • huobi-btcHuobi BTC (HBTC) $ 23,962.00 4.28%
  • zcashZcash (ZEC) $ 71.77 3.27%
  • thorchainTHORChain (RUNE) $ 3.00 11.18%
  • ecasheCash (XEC) $ 0.000047 3.51%
  • klay-tokenKlaytn (KLAY) $ 0.299114 2.2%
  • paxos-standardPax Dollar (USDP) $ 1.00 0.11%
  • bitdaoBitDAO (BIT) $ 0.776583 4.63%
  • neoNEO (NEO) $ 11.84 3.97%
  • chilizChiliz (CHZ) $ 0.154091 0.28%
  • cdaicDAI (CDAI) $ 0.022021 0.13%
  • arweaveArweave (AR) $ 15.40 6.37%
  • usddUSDD (USDD) $ 1.00 0.32%
  • gatechain-tokenGate (GT) $ 4.95 3.22%
  • neutrinoNeutrino USD (USDN) $ 0.990934 0.28%
  • blockstackStacks (STX) $ 0.518725 5.65%
  • zilliqaZilliqa (ZIL) $ 0.046550 3.01%
  • enjincoinEnjin Coin (ENJ) $ 0.727814 7.51%
  • huobi-tokenHuobi (HT) $ 4.42 1.45%
  • basic-attention-tokenBasic Attention (BAT) $ 0.446174 4.12%
  • celsius-degree-tokenCelsius Network (CEL) $ 1.56 12.26%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.57 9.02%
  • amp-tokenAmp (AMP) $ 0.008458 1.65%
  • wavesWaves (WAVES) $ 6.29 3.85%
  • radixRadix (XRD) $ 0.063036 2.03%
  • loopringLoopring (LRC) $ 0.483397 8.77%
  • pax-goldPAX Gold (PAXG) $ 1,770.69 0.03%
  • dashDash (DASH) $ 55.22 4.53%
  • kusamaKusama (KSM) $ 66.21 1.32%
  • stepnSTEPN (GMT) $ 0.964136 4.39%
  • curve-dao-tokenCurve DAO (CRV) $ 1.46 6.58%
  • defichainDeFiChain (DFI) $ 0.994582 1.99%
  • tensetTenset (10SET) $ 2.90 5.44%
  • decredDecred (DCR) $ 38.73 3.73%
  • kavaKava (KAVA) $ 2.23 4.47%
  • mina-protocolMina Protocol (MINA) $ 0.910737 8.71%
  • frax-shareFrax Share (FXS) $ 7.46 4.06%
  • bitcoin-goldBitcoin Gold (BTG) $ 29.97 3.37%
  • oasis-networkOasis Network (ROSE) $ 0.103722 19.48%