empty
 
 
id
Bantuan
Pembukaan akun instan
Platform Trading
Deposit/Penarikan

26.07.202218:56 Forex Analysis & Reviews: Trading plan for Bitcoin on July 26, 2022

Exchange Rates 26.07.2022 analysis

Technical outlook:

Bitcoin slipped through the $20,700 lows intraday on Tuesday only to find some support. The crypto is bouncing back and is seen to be trading close to $20,900 at this point in writing. Interim support is seen at around $18,900 for the time being and the bulls are expected to remain in control until it stays intact. Potential medium-term targets are seen towards $29,000 as projected here on the daily chart.

Bitcoin has already carved a larger-degree downswing between $69,000 and $17,500 since November 2021. The above drop is unfolding in three waves until now and hence, it is corrective in nature. The high probability remains for another three-wave rally towards $48,000 or at least towards $29,000 before bears could be back in control.

Keeping the suggested wave structure in mind, we have been considering Bitcoin positional longs from the $17,500-18,900 lows recently. Bitcoin might still have some upside left towards the $29,000 mark if not further. The bottom line for the above bullish structure to remain intact is that prices should broadly hold above $18,900 and $17,500.

Going forward:

Bitcoin has been working upon its recent upswing between $18,900 and $24,200 as seen on the daily chart. Prices are now testing the Fibonacci 0.618 retracement of the above upswing, which is seen close to $21,000. The high probability remains for a bullish reversal from here and a climb towards the $29,000 mark in the next few weeks.

Trading plan:

Potential rally through $29,000 against $18,800

Good luck!

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

Oscar Ton,
Analytical expert of InstaSpot
© 2007-2025
Manfaat dari rekomendasi para analis saat ini
Akun trading teratas
Buka akun trading

Tinjauan analitis InstaSpot akan membuat Anda menyadari sepenuhnya tren pasar! Sebagai klien InstaSpot, Anda dilengkapi dengan sejumlah besar layanan gratis untuk trading yang efisien.

Dapatkan perubahan tingkat kriptokurensi dengan InstaSpot
Download MetaTrader 4 dan buka trading pertama Anda
Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.