Bitcoin Scores Major January Gains: Sally Ho Technical Analysis – 1 February 2023
Bitcoin (BTC/USD) circled 23000 marks In the beginning Asian Session as a pair returned Current modest loss After finding a speech around 22500 levelrepresenting a Test who 50% retracement recent Appreciation range from 20370.01 who 23966. Traders remain within striking distance Test The 23966 area, recent Multi-month high which represents it The strongest impression From August 2022. BTC/USD Appreciated approx 39% In January and up is approx 49% from it 2022 low who 15460. Move to current multi-month high also represented Test who 23980.62 field, one Reverse price objective related to Pressure buying that has strengthened around 15460 and 20233 levels In the last few weeks. Higher value objectives related to Pressure buying around 16326.16 Area included 25455, 25774, 27609and 28004 levels. Higher value objectives related to Pressure buying around 15460 Area included 23980, 24224, 26612, 26931, 29244and 29639 levels.
After the last step high who Multi-month high, Technical support Levels and areas of potential Pressure buying are around 22163, 21047, 20146, Year 19244, 18129and 17961 levels. stops is cited below The 21437, 20874, 20724, 20370, 20233, 20026, 19153, Year 18448and 18253 level. Below is the current price actionTechnically important Areas included 15900, 15512, 15313, 14500, 14364, 13369, 10727, 10432, 9682, 8837and 7538 level. Businessmen have an understanding 50-bar MA (4-hours) is pointing up The 100-bar MA (4-hours) and above The 200-bar MA (4-hour). Also, the 50-bar MA (hours) is enthusiastically pointing out above The 100-bar MA (hourly) and above The 200-bar MA (hourly).
Price action is imminent 50-bar MA (4-hours) in 23030.91 and 100-bar MA (hours). 23149.83.
Technical support expected around 18390.99/ 16714.46/ 14500.15 with stops Expected below.
technical resistance expected around 23980.62/ 24224.60/ 25455.06 with stops above expected.
On 4-hour chart, SlowK is Bullishly over SlowD While MACD is Below the MACDA average.
On 60 minutes chart, SlowK is Bullishly over SlowD While MACD is Bullishly above the MACDA average.
Disclaimer: Sally Ho Technical Analysis is provided by a third party, and is 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.
