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BTC/USD Orbiting 23000: Sally Ho Technical Analysis – January 28, 2023
Bitcoin (BTC/USD) continues orbit that number 23000 at the beginning Asia session as the couple met buying pressure around 22540.76 area before running to selling pressure around 23105.23 area. Selling pressure intensified under that 23194.61 area, a level representing 23.6% retracements from depreciation range from 48233.76 to 15460 and one that was originally absorbed as a trader raised BTC/USD as tall as 23824.66 area. This area represents a pair strongest print since August 2022. Specifically, recently relatively high represented a test from a reverse price objective around 23808 the area to be technically significant When buying pressure strengthened around 17927 area. Addition Stop recently triggered above that 23375 and 23544 area. The aim is to increase the price associated with buying pressure around 16326.16 area covers 25455, 25774, 27609and 28004 levels. The aim is to increase the price associated with buying pressure around 15460 area covers 23980, 24224, 26612, 26931, 29244and 29639 levels.
Following recent steps higher to multi-month highs, technical support level and potential areas buying pressure be around 22055, 20960, 20075, 19190, 18095and 17930 levels. Stop quoted under that 21437, 20874, 20724, 20370, 20233, 20026, 19153, 18448and 18253 levels. Under the current price activitytechnically significant area covers 15900, 15512, 15313, 14500, 14364, 13369, 10727, 10432, 9682, 8837and 7538 levels. Traders observe that MA 50 bars (4 hours) is bullish indication above that MA 100-bar (4 hours) and on that MA 200-bar (4-hourly). Too MA 50-bar (hourly) is roughly show on that MA 100-bar (hourly) and on that MA 200-bar (hourly).
Price activity is closest to 50-bar MA (4 hours) o’clock 22448.21 and 100-bar MA (hourly) o’clock 22913.07.
Technical support expected approx 18390.99/ 16714.46/ 14500.15 with Stop expected below.
Technical Resistance expected approx 23544.62/ 24224.60/ 25455.06 with Stop expected above.
On 4 hours chart, slowK is Bullish on SlowD when MACD is Bearish under MACDAverage.
On 60 minutes chart, slowK is Bearish under SlowD when MACD is Bearish under MACDAverage.
Disclaimer: Sally Ho’s 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.
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