BTCUSD Technical Analysis – BTCUSD Trading: 2022-04-01

 BTCUSD Technical Analysis – BTCUSD Trading: 2022-04-01

BTCUSD Technical Analysis.

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BTCUSD Technical Analysis Summary

 Sell StopÖ‰ Below 43562

Stop Loss: Above 47597

IndicatorSignal
RSINeutral
MACDSell
MA(200) Buy
FractalsSell
Parabolic SARSell
FibonacciBuy
  

 

BTCUSD Chart Analysis

BTCUSD Technical Analysis

The BTCUSD technical analysis of the price chart on 4-hour timeframe shows BTCUSD: H4 is retreating toward the 200-period moving average MA(200) after it breached the support line following multiple tests of it. We believe the bearish momentum will continue after the price breaches below 43562. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 47597. After placing the order, the stop loss is to be moved to the next fractal high 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

Last week Investment products for digital assets drew the highest weekly inflow since early December. Will the BTCUSD price resume rebounding?

Experts report high investor interest recently in Bitcoin and crypto-linked investment vehicles. Thus, inflows into Bitcoin futures-linked exchange-traded fund (ETF) BITO have recently picked up the pace, pushing the year-to-date rise in the asset under management to 11%. Data showed inflows accelerated in March. At the same time, fund flow data show investment products for digital assets drew $193 million last week, the highest weekly inflow since early December, according to CoinShares’s latest weekly report. Rising fund inflows into an asset are bullish for asset price. However, the current setup is bearish for BTCUSD.

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