Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BTC/USD holds above 200-DMA, buying interest at lows limits downside

Fri, 08 Nov 2019, 03:32 am UTC

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 9187.99 (200-DMA); Resistance: 9574.89 (100-DMA)

Technical Analysis: Bias Neutral

BTC/USD is trading in narrow range with session high at 9246.00 and low at 9166.55.

Downside in the pair has held above $9000 mark and minor recovery attempts seen in the pair.

'Hammer' and 'Doji' formations on the hourly and 4-hourly charts shows buying pressure at lows.

Price action has held above 200-DMA support, weakness only on decisive break below.

The pair is attempting to retake 200H SMA (9248.62) and break above could see more upside.

Daily price action remains trapped between major MAs (100-DMA at 9574 and 200-DMA at 9187).

Breakout above 100-DMA required for upside continuation. Next major hurdle lies at channel top at 9670 ahead of 38.2% Fib at 9806.

Breach below 200-DMA eyes 50-DMA support at 8636. Break below cloud will see more weakness.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,666.74 (-2.61%)
  • Ethereum (ETH) $250.18 (-6.13%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $388.10 (-10.94%)
  • Bitcoin SV (BSV) $273.27 (-11.36%)
  • Bitcoin (BTC) $9,666.74 (-2.61%)
Feb 17, 2020 (Monday)
12:06
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:05
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:58
CFTC sues Colorado resident with fraud in crypto-related Ponzi scheme
11:22
Crypto Technicals: ETH/USD slips below 5-DMA, 'Golden Cross' to limit downside
11:15
Central Bank of The Bahamas to roll out CBDC in H2 2020
10:45
Stellar Development Foundation joins Blockchain Association
10:21
Dubai Multi Commodities Centre to launch blockchain-based sugar trading platform
10:20
Crypto Technicals: BTC/USD holds 21-EMA support, break below could see further weakness
09:22
Binance applied for an operating license in Singapore, CEO confirms
07:23
IOHK establishes new research lab at University of Wyoming
06:53
Chinese forex regulator SAFE’s blockchain cross-border financing pilot continues expansion
05:14
Blockchain social media platform Steemit to migrate to TRON network
Feb 14, 2020 (Friday)
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:11
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:24
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
11:48
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
11:47
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
11:04
Crypto investment firm Galaxy Digital lays off 15% of its workforce
10:18
Circle now seeks to sell off crowdfunding unit SeedInvest: Report
09:47
SBI Crypto enters into blockchain cooperation partnership with Northern Data
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft