{"id":108540,"date":"2021-01-15T14:36:58","date_gmt":"2021-01-15T14:36:58","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108540"},"modified":"2021-01-15T14:36:58","modified_gmt":"2021-01-15T14:36:58","slug":"38773-02-emerges-as-btc-usd-resistance-before-pullback-sally-hos-technical-analysis-15-january-2021-btc","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/38773-02-emerges-as-btc-usd-resistance-before-pullback-sally-hos-technical-analysis-15-january-2021-btc\/","title":{"rendered":"38773.02 Emerges as BTC\/USD Resistance Before Pullback: Sally Ho’s Technical Analysis 15 January 2021 BTC"},"content":{"rendered":"
Bitcoin (BTC\/USD)<\/strong> moved lower<\/strong> early in today’s North American<\/strong> session as the pair depreciated<\/strong> to the 37146.46<\/strong> area after trading as high<\/strong> as the 39697.00 level<\/strong> during the Asian<\/strong> session, with the intraday high<\/strong> stopping short <\/strong>of testing psychological resistance<\/strong> around the 40000 figure<\/strong>, and technical resistance<\/strong> around the 40436.48<\/strong> area. During the pullback<\/strong> of BTC\/USD<\/strong>, traders tested<\/strong> the 37115.61<\/strong> area, representing the 61.8% retracement<\/strong> of the depreciating range<\/strong> from 41452.12<\/strong> to 30100.00<\/strong>. If the intraday depreciation<\/strong> continues, possible areas of short-term technical support<\/strong> include the 36991.50<\/strong>, 36849.97<\/strong>, 36767.97<\/strong>, 36604.51<\/strong>, 36485.14<\/strong>, 36248.01<\/strong>, 36075.89<\/strong>, and 35951.08 levels<\/strong>. Following the pair’s recent new lifetime high<\/strong> around the 41986.37<\/strong> area, selling pressure<\/strong> intensified<\/strong> around the 41452.12 <\/strong>and 40164.67 <\/strong>areas. Stops<\/strong> were elected<\/strong> below a variety of downside retracement levels<\/strong> during the recent acute pullback<\/strong>, including the 38159.91<\/strong>, 37249.25<\/strong>, 36226.47<\/strong>, 35900.79<\/strong>, 35784.73<\/strong>, 35454.75<\/strong>, 32988.07<\/strong>, 32663.14<\/strong>, 32135.98<\/strong>, 31948.12<\/strong>, and 31414.00 levels<\/strong>. Following this ongoing depreciation<\/strong>, additional areas of potential technical support<\/strong> include the 29783.19<\/strong>, 29093.19<\/strong>, 28847.31<\/strong>, 28148.19<\/strong>, and 27421.33 levels<\/strong>. <\/p>\n During the recent move higher, Stops<\/strong> were recently elected above<\/strong> a series of additional upside price objectives<\/strong>, including the 40517.80<\/strong>, 40667.76<\/strong>, 40991.44<\/strong>, 41200<\/strong>, 41267.10<\/strong>, and 41489.74 levels<\/strong>. Stops<\/strong> were recently elected above<\/strong> the 35943.73<\/strong>, 36480.83<\/strong>, and 36854.45 <\/strong>areas as well, upside price objectives<\/strong> related to previous buying pressure<\/strong> around the 17580<\/strong>, 16200<\/strong>, and 9819.83 levels<\/strong> and the sell-off intensified below<\/strong> these areas during the recent depreciation<\/strong>. If BTC\/USD<\/strong> is able to extend <\/strong>recent gains to the upside<\/strong>, additional upside price objectives<\/strong> include the 42309.01<\/strong>, 42701.91<\/strong>, 42803.53<\/strong>, 43447.48<\/strong>, and 43617.07 levels<\/strong>. Traders are observing<\/strong> that the 50-bar MA (4-hourly)<\/strong> is bullishly indicating above<\/strong> the 100-bar MA (4-hourly)<\/strong> and above <\/strong>the 200-bar MA (4-hourly).<\/strong> Also, the 50-bar MA (hourly)<\/strong> is bullishly <\/strong>indicating above <\/strong>the 100-bar MA (hourly)<\/strong> and above <\/strong>the 200-bar MA (hourly)<\/strong>.<\/p>\n Price activity is nearest the 50-bar MA<\/strong> (4-hourly) at 37620.01 <\/strong>and the 200-bar MA<\/strong> (Hourly) at 37621.22<\/strong>.<\/p>\n Technical Support <\/strong>is expected around 29783.19\/ 29093.19\/ 28847.31 <\/strong>with Stops<\/strong> expected below.<\/p>\n Technical Resistance<\/strong> is expected around 42309.01\/ 42701.91\/ 42803.53 <\/strong>with Stops<\/strong> expected above. <\/p>\n On 4-Hourly<\/strong> chart, SlowK <\/strong>is Bearishly below SlowD<\/strong> while MACD<\/strong> is Bullishly above MACDAverage.<\/strong><\/p>\n On 60-minute<\/strong> chart, SlowK<\/strong> is Bearishly below SlowD<\/strong> while MACD<\/strong> is Bearishly below MACDAverage<\/strong>. <\/p>\n <\/p>\n 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.<\/p>\n Related TAGS: <\/p>\n You can share this post!<\/p>\n