- Analytics
- Technical Analysis
BTCUSD Technical Analysis - BTCUSD Trading: 2022-05-04
BTCUSD Technical Analysis Summary
Below 38035
Sell Stop
Above 38735
Stop Loss
| Indicator | Signal |
| RSI | Sell |
| MACD | Buy |
| MA(200) | Sell |
| Fractals | Neutral |
BTCUSD Chart Analysis
BTCUSD Technical Analysis
The BTCUSD technical analysis of the price chart on 1-hour timeframe shows BTCUSD: H1 has breached above the 200-period moving average MA(200) which is still falling. We believe the bearish momentum will continue after the price breaches below 38035. 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 38735. 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
Bitcoin funds recorded largest single week of outflows in last 11 months. Will the BTCUSD price continue rebounding?
Institutional investors sold $133 million worth of Bitcoin (BTC) investment products last week, according to CoinShares. The overall digital asset fund outflows for the week ending last Friday totaled $120.1 million, according to CoinShares’ weekly Digital Asset Fund Flows report. Selling by large investors is bearish for an asset price.
Explore our
Trading Conditions
- Spreads from 0.0 pip
- 30,000+ Trading Instruments
- Instant Execution
Ready to Trade?
Open Account Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.