MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

BTC/USD Caught in Technical Range; Sally Ho’s Technical Analysis 14 December 2021 BTC

December 13, 2021
in Crypto News
Reading Time: 2 mins read
A A
BTC/USD Caught in Technical Range; Sally Ho’s Technical Analysis 14 December 2021 BTC
ShareShareShareShareShare

Bitcoin (BTC/USD) struggled to retain recent gains early in the Asian session as the pair continued to trade below the 49000 figure after recently trading as high as the 50828.13 level, representing a test of the 23.6% retracement of the appreciating range from 47200 to 51995.  Buying pressure emerged during the European session around the 78.6% retracement of the appreciating range, evidencing the technical nature of price activity over the past few trading sessions.  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. 

If BTC/USD extends its recent weakness lower, additional downside price objectives include the 44974, 44667, 42333, 41252, 41053, and 35734 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 49310.57 and the 100-bar MA (Hourly) at 48727.76.

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 Bearishly below SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below 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

ShareSendTweetPinShare
Previous Post

IOTA Competitors 2021: IOT Blockchain Alternatives Have Evolved

Next Post

The pressing questions about crypto regulation that India needs to answer

Next Post
The pressing questions about crypto regulation that India needs to answer

The pressing questions about crypto regulation that India needs to answer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Iran executes first official import settlement worth $10 million in cryptocurrencies

Iran executes first official import settlement worth $10 million in cryptocurrencies

August 9, 2022
Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services

August 10, 2022
Bitcoin Scam Reported In Northwestern Ontario

Bitcoin Scam Reported In Northwestern Ontario

August 5, 2022
THE NEXT BIG THING – NJBIZ

THE NEXT BIG THING – NJBIZ

August 8, 2022
Robinhood lists Stellar (XLM) and Avalanche (AVAX)

Robinhood lists Stellar (XLM) and Avalanche (AVAX)

August 8, 2022
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation – Metaverse Bitcoin News
  • Crypto Broker Genesis Says Lending Business Declined in Q2
  • Hotbit Suspends Trading, Withdrawals amid Criminal Investigation

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 24,500.00 6.06%
  • ethereumEthereum (ETH) $ 1,884.97 10.98%
  • tetherTether (USDT) $ 1.00 0.1%
  • usd-coinUSD Coin (USDC) $ 1.00 0.15%
  • bnbBNB (BNB) $ 329.54 2.97%
  • xrpXRP (XRP) $ 0.380242 4.05%
  • cardanoCardano (ADA) $ 0.537980 4.76%
  • binance-usdBinance USD (BUSD) $ 0.999748 0.12%
  • solanaSolana (SOL) $ 44.34 11.04%
  • polkadotPolkadot (DOT) $ 9.40 7.64%
  • dogecoinDogecoin (DOGE) $ 0.071549 4.19%
  • avalanche-2Avalanche (AVAX) $ 29.62 6.64%
  • staked-etherLido Staked Ether (STETH) $ 1,825.29 11.41%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 3.25%
  • daiDai (DAI) $ 1.00 0.09%
  • matic-networkPolygon (MATIC) $ 0.938241 5.41%
  • tronTRON (TRX) $ 0.070763 2.95%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,493.00 5.96%
  • ethereum-classicEthereum Classic (ETC) $ 38.74 3.96%
  • okbOKB (OKB) $ 19.16 6.84%
  • leo-tokenLEO Token (LEO) $ 4.73 0.62%
  • nearNEAR Protocol (NEAR) $ 5.81 5.35%
  • litecoinLitecoin (LTC) $ 61.94 5.28%
  • ftx-tokenFTX (FTT) $ 32.12 8.51%
  • uniswapUniswap (UNI) $ 9.21 8.89%
  • chainlinkChainlink (LINK) $ 8.98 6.54%
  • crypto-com-chainCronos (CRO) $ 0.153703 5.81%
  • cosmosCosmos Hub (ATOM) $ 12.13 10.84%
  • stellarStellar (XLM) $ 0.126246 3.99%
  • flowFlow (FLOW) $ 3.03 5.4%
  • moneroMonero (XMR) $ 166.18 4.28%
  • bitcoin-cashBitcoin Cash (BCH) $ 143.59 6.98%
  • algorandAlgorand (ALGO) $ 0.367746 6.88%
  • vechainVeChain (VET) $ 0.032711 9.3%
  • filecoinFilecoin (FIL) $ 8.74 6.92%
  • apecoinApeCoin (APE) $ 7.11 4.71%
  • internet-computerInternet Computer (ICP) $ 8.45 8.59%
  • decentralandDecentraland (MANA) $ 1.08 5.17%
  • chain-2Chain (XCN) $ 0.087820 2.04%
  • hedera-hashgraphHedera (HBAR) $ 0.079966 6.17%
  • tezosTezos (XTZ) $ 1.94 8.51%
  • quant-networkQuant (QNT) $ 128.85 4.64%
  • the-sandboxThe Sandbox (SAND) $ 1.34 4.24%
  • axie-infinityAxie Infinity (AXS) $ 18.77 5.69%
  • theta-tokenTheta Network (THETA) $ 1.61 4.76%
  • elrond-erd-2Elrond (EGLD) $ 68.17 9.99%
  • aaveAave (AAVE) $ 110.48 12.38%
  • lido-daoLido DAO (LDO) $ 2.74 17.04%
  • fraxFrax (FRAX) $ 1.00 1.78%
  • eosEOS (EOS) $ 1.30 9.45%