![]() It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. As can be seen from the chart, the whole price structure of Bitcoin can be explained based on this formation. The name of this pattern is Bump-and-Run Reversal Tops. On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.ĭisclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. In this post, we want to look at a formation that played an important role in the Bitcoin historical chart. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). A bar chart presents a more detailed representation of price action than a line chart. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). A crypto chart is a quantified snapshot of the current and historical price and market action of a particular cryptocurrency, like Bitcoin (BTC) or Litecoin (. Stops are also accumulating below the 1975 areas. Bitcoin futures market data, including CME and Cboe Global Markets Bitcoin futures, quotes, charts, news and analysis. Additional significant technical areas on the downside include the 16990.14, 14500.15, and 10432.73 areas. Additional upside retracement levels in depreciating ranges from the 48240, 32371, and 25214.57 levels include the 22508, 23542, 23579, 23698, 25236, 25251, and 26931 areas.īTC/USD bears observe larger Stops accumulating below the 17803, 17701, 16966, and 16503 areas, significant technical levels related to historical upside pressure around the 38 levels. BTC/USD recently traded as high as the 21478.80 area, its strongest print since mid-September and a test of the 50% retracement of the broad depreciating range from 25214.57 to 18131. 42 USD 19 hours ago Prices are in an uptrend on the daily bar chart after. White circles are combined into vector dissipated halftone Bitcoin bar. Stops were elected below the 21137, 20926, and 20755 levels during the ongoing pullback, representing the 23.6%, 38.2%, and 50% retracements of the appreciating range. Bitcoin Price History Chart Bitcoin Volatility Index Bitcoin Uptime Tracker. Learn more about how to use this chart and all its features by watching this video: New Candlestick Chart Lookup (fixed audio) Watch on. Bitcoin bar chart positive trend icon with dissipated style on black background. Additional downside retracement levels in this appreciating range include the 2031 levels, below which Stops are building. BTC/USD Tests 20584 Technical Support: Sally Ho’s Technical Analysis – 8 November 2022īitcoin (BTC/USD) extended its ongoing pullback early in the Asian session as the pair traded as low as the 20575.02 level, representing a test of the 61.8% retracement of the recent appreciating range from 20032.02 to 21478.80.
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