BITCOIN TECHNICAL ANALYSIS AND BTC and ETH INTRADAY LEVELS 21 AUGUST

BITCOIN TECHNICAL ANALYSIS AND BTC and ETH INTRADAY LEVELS 21 AUGUST

By trade60 | trade60 | 21 Aug 2021


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We always consider that we are on the weekend and the volumes are quite low.

The MACD is positive and hovering below its moving average.
49839 is our resistance on the 30 minute chart.
Predictable scenario: as long as the resistance at 49839 holds, we can point towards 46486
Alternative scenario: Above 49839, I expect to reach 51462 and 52000. Upon breaking 50040 long! At the bearish break of 48620 short but with caution. Stick to the stop losses.

From a daily perspective, BTC has surpassed its previous medium-term highs of 48,000 with sufficient volume and bullish momentum. While we have reached a high of 49382 so far, the price action is holding up very well against short-term selling pressure.

The price of BTC is above the moving average at 50 and 200.

Il Fear e Greed index è 70 e la dominanza 42.21

Happy trading everyone.

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Chart from tradingview.com

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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.

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Thanks for reading

 

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trade60
trade60

Sono un uomo di 60 anni, non lavoro da un bel pò di tempo e ora mi occupo a tempo pieno di trading e di cryptovalute


trade60
trade60

Mi occupo di analisi tecnica e trading sui mercati finanziari dal 2000, dal 2018 mi sono interessato alle criptovalute prima minandole e poi guadagnandole con qualche app/sito. Qui troverete informazioni utili sul trading, come guadagnare criptovalute dal nulla e come aprire wallet affidabili. Tutto questo senza fornire un servizio di consulenza ma di passione. Chi investe i propri soldi in operazioni finanziarie speculative si assume dei grossi rischi di perdere il capitale.

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