BITCOIN TECHNICAL ANALYSIS AND INTRADAY LEVELS 14 MARCH

By trade60 | trade60 | 14 Mar 2022

Bitcoin rebounded modestly from a previous low of 37,582. The rebound was already underway when some rather contrived news crossed the wires. This has been attributed to Elon Musk, who has apparently said he is not ready to sell any of his coins of him Bitcoin, Ethereum or Doge. Well, reading between the lines, maybe Musk is worried enough to make such a statement in the first place? Well, whatever the reason, these comments have helped lift all three coins in recent trading. Bitcoin climbed up to 38,890 on the news. Of course, he's still camped well south of 40k and Musk might need to come up with some stronger rhetoric if he really wants to try and send her up.

We are always below the SMA at 50 (40713) and the SMA at 200 (44962), it is important to maintain the 37000/36000 area. We must try to break the 40000/41000, to have a change of trend.

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As usual, I report the weekly levels to be observed and the levels for intraday trading:

For the interpretation of the levels and the construction of the excel sheet that I always publish, and my trading method, you can consult the book in Italian and English: https://www.amazon.it/dp/B09QRXJCDQ https://www.amazon.com/dp/B09RHH9PVH

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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 OTHER ADVICE.

Graphic: tradingview.com

Bitcoin (BTC) Trading Technical Analysis

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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

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.