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BTCUSD Technical Analysis - BTCUSD Trading: 2022-04-07
BTCUSD Technical Analysis Summary
Above 43801
Buy Stop
Below 43231
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
| Fibonacci | Sell |
BTCUSD Chart Analysis
BTCUSD Technical Analysis
The BTCUSD technical analysis of the price chart on 1-hour timeframe shows BTCUSD: H1 is rebounding toward the 200-period moving average MA(200) after it hit ten-day low today. We believe the bullish momentum will continue after the price breaches above 43801. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 43231. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Crypto - BTCUSD
The United States Securities and Exchange Commission (SEC) announced overnight the approval of a fourth Bitcoin futures exchange-traded fund. Will the BTCUSD price continue rebounding?
Fund group Teucrium is behind the most recently approved Bitcoin Futures ETF. The news institutional investors got one more way to gain exposure to Bitcoin is bullish for BTCUSD as it signals increasing interest of institutional investors in Bitcoin.
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