BTC/USD Below 19518: Sally Ho’s Technical Analysis – 10 October 2022
Bitcoin (BTC/USD) remained relatively weak early in the Asian session as the pair continued to trade around and below the 19518.06 level, representing the 61.8% retracement of the appreciating range from 18923.81 to 20479.43. Buying pressure emerged multiple times around the 19420 area during pullbacks following buying pressure that saw the pair lifted from the 19325 area to the 19648.35 level. Upside retracement levels related to recent depreciating ranges include the 20476, 21024, 21703, and 21805 areas. Following recent selling pressure, BTC/USD bears are eyeing a greater risk of a test of June lows. Following the recent sharp decline, the 20433 area has emerged as an area of consistent technical resistance and is technically related to selling pressure that commenced around the all-time high of 69000.
Below current price activity, traders continue to anticipate large Stops below the 17803, 17701, 16966, and 16503 areas, significant technical levels related to historical upside pressure around the 3858 and 9819 areas. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. Above recent price activity, upside retracement levels in the depreciating range from 31549.21 to 17567.45 include the 26208, 28249, and 28557 areas. Additional upside price objectives and areas of potential selling pressure include the 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 areas. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 19682.08 and the 200-bar MA (Hourly) at 19688.14.
Technical Support is expected around 16990.14/ 14500.15/ 10432.73 with Stops expected below.
Technical Resistance is expected around 25256.96/ 27455.20/ 32383.96 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Disclaimer: Sally Ho’s Technical 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.
Published in
News
📌 Follow for more crypto related airdrops, giveaways, blockchain news and updates.Continue reading on Medium »
Published in
News
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject XRP has registered a commendable growth of more than 56% over the last thirty days. While this is the case for the 1-month timeframe, the crypto has been […]
Published in
News
Quick Take
In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
The Cosmos ecosystem is facing a major potential shift in its development with the recent introduction of the Cosmos Hub 2.0 whitepaper
With a continued rollout of liquid-staking solutions and Interchain Security on the horizon, a proposed overhaul of ATOM issuance reliant on the success of these two components may be the most important change for the Cosmos Hub to date
Published in
News
EUR/USD: It’s Getting Worse in the EU, It’s Getting Better in the USContinue reading on Medium »
Published in
News
Forex trading can be an extremely lucrative activity, but it can also be a very risky one. If you're new to the forex market and want to…Continue reading on Medium »
Published in
News
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject Everyone loves dogs and memes. Now, put them together and what do you get? Well, memecoins, of course. And no, memecoins are no passing fad either. In fact, […]
Published in
News
ZkSync is one of the most promising protocols that hasn't launched a token. In the docs, it mentioned that there will be a token, and…Continue reading on Stakingbits »
Published in
News
Kyber Network is one of a of DeFi cryptocurrencies. Its exchange is powered purely by code, software users and Ethereum Blockchain.Continue reading on Medium »
Published in
News
Tether Limited has officially announced that Tether freezes $160M of USDT stablecoin on Ethereum blockchain after an official request from law enforcement.
Published in
News
More...
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.