• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

BTC/USD Remains a Very Technical Trade: Sally Ho’s Technical Analysis 12 September 2021 BTC

September 12, 2021
in Crypto News
Reading Time: 2 mins read
A A
0
BTC/USD Remains a Very Technical Trade: Sally Ho’s Technical Analysis 12 September 2021 BTC
0
SHARES
4
VIEWS
ShareShareShareShareShare

Bitcoin (BTC/USD) remained in recovery mode early in the Asian session as the pair continued to battle back from last week’s acute depreciation that saw it trade as low as the 42880.77 area.  Significant Stops were elected during the recent tumble, including below key technical levels around the 46652, 45054, 43330, and 43269 levels.  Selling pressure around the 52944.36 and 48137.48 levels hastened the sharp decline of BTC/USD, and that opened up a test of key intraday technical support around the 46652.63 level. 

Following the recent acute depreciation, retracement areas include the 46321, 45654, 45115, 44576, and 43909 levels.  Additional downside price objectives and areas of potential technical support include the 40360 and 32576 levels.  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).   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 200-bar MA (4-hourly) at 47559.10 and the 50-bar MA (Hourly) at 46405.23.

Technical Support is expected around 42405.29/ 39903.28/ 37401.27 with Stops expected below.

Technical Resistance is expected around 53025.00/ 54088.38/ 55841.04 with Stops expected above.  

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below 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

ShareTweetSendPinShare
Previous Post

Does Bitcoin’s recent flash crash mean Warren Buffett is right to hate crypto?

Next Post

Most retirement plans haven’t been tapped despite pandemic: ICI

Related Posts

Vitalik Outs Himself as Having Used Tornado Cash
Crypto News

Vitalik Outs Himself as Having Used Tornado Cash

August 10, 2022
4
Cryptocurrency Intelligence Firm Messari Plan…
Crypto News

Cryptocurrency Intelligence Firm Messari Plan…

August 10, 2022
5
Meet US Senatorial candidate who wants to make BTC legal tender
Crypto News

Bloomberg analyst says Bitcoin will hit $100,000

August 9, 2022
6
BitMEX to Offer Leverage Trading for Potential Ethereum POW Fork
Crypto News

BitMEX to Offer Leverage Trading for Potential Ethereum POW Fork

August 9, 2022
8
U.S. Treasury Bans Tornado Cash Mixer For Its…
Crypto News

U.S. Treasury Bans Tornado Cash Mixer For Its…

August 9, 2022
5
Next Post
Most retirement plans haven’t been tapped despite pandemic: ICI

Most retirement plans haven’t been tapped despite pandemic: ICI

Recommended

Bitcoin is unlike the other cryptocurrencies, says Klippsten

Bitcoin is unlike the other cryptocurrencies, says Klippsten

August 2, 2022
7
Why Amazon is acquiring Roomba

Why Amazon is acquiring Roomba

August 6, 2022
8
New York State assembly passes a bill to ban crypto mining if they don’t switch to green energy

Bitcoin will consume 100x energy if BTC hits $20 million

July 20, 2022
7
How BoE’s interest rate rise will affect mortgages and house prices

How BoE’s interest rate rise will affect mortgages and house prices

August 3, 2022
7
Anders are 70 Years Young And what a journey it has been

Anders are 70 Years Young And what a journey it has been

August 3, 2022
4
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Vitalik Outs Himself as Having Used Tornado Cash
  • Circle says freezing wallets went against its beliefs on an open internet
  • Over 70k Ripple holders join class action lawsuit against SEC

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?