BTC/USD Track 22194 Retracement: Sally Ho…

Bitcoin (BTC/USD) Leave Restricted to a relative narrow range already Asian session as pair orbital This 23164.73 area, representing 23.6% retracement of Appreciation range from 20723.01 to 24674.01. some recent buying pressure appear around 22755.80 previous area Bitcoin/USD encounter selling pressure around 200 hourly simple moving average. Some stop most recently choose below This 22501.07 Area during currency pair movement reduce to it weakest displayed during several trading sessions, representing 50% retracement of Depreciation rate from 24287.13 to 20715. Bitcoin/USD always there defense Since the beginning of August Up 15.3% in July and a 66.7% pullback until the end of July.recent moves higher arrive 24666 region is a test of 24558.33 grade,represent 50% retracement of Depreciation rate from 31549.21 to 17567.45.

additional upside retracement At this Depreciation rate include 26208, 28249and 28557 field.additional Upside price target and potential areas selling pressure include 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 field. the following recent price activity, possibly technical support and field buying pressure include, 22582, 22141, 21596, 20446, 19852and 19762 levels. additional major technology area on shortcoming include 16990.14, 14500.15and 10432.73 field.traders observe 50 bar MA (4 hours) Yes bullish above This 100 bar MA (4 hours) and above This 200 bar MA (4 hours). Furthermore, the 50 bar MA (hourly) Yes pessimistically express the following This 100 bar MA (hourly) and the following This 200 bar MA (hourly).

price activity closest 50 bar MA (4 hours) at 22323.22 and 100 bar MA (hourly) at 23046.93.

technical support expected at 16990.14/ 14500.15/ 10432.73 and stop It is expected as follows.

technical resistance expected at 25256.96/ 27455.20/ 32383.96 and stop More than expected.

superior 4 hours chart, slow K Yes Bearish below SlowD although MACD Yes Bullish above MACDAverage.

superior 60 minutes chart, slow K Yes Bearish below SlowD although MACD Yes Below MACDA Average Bearish.

Disclaimer: This transaction analysis is provided by a third party for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.

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