Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Bitcoin: A Break Above $22,500 Is A Buy Signal

By Jason SenCryptocurrencySep 13, 2022 07:59AM ET
www.investing.com/analysis/bitcoin-a-break-above-22500-is-a-buy-signal-200629751
Bitcoin: A Break Above $22,500 Is A Buy Signal
By Jason Sen   |  Sep 13, 2022 07:59AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
BTC/USD
+3.53%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/USD
+2.54%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XRP/USD
+3.96%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
  • Bitcoin soared to the 50 and 100-day moving average at 22000/22300. Shorts need stops above 22500. A break higher is a buy signal.

  • Ripple rocketed back to 50 and 100-day moving averages at 3500/3600.

  • Ethereum soars to 1790.

Today's Analysis

Bitcoin has unexpectedly soared to the 50 and 100-day moving average at 22000/22300. Shorts need stops above 22500.

A break higher is a buy signal targeting resistance at the 200-week moving average at 23000/23200. If we continue higher, look for 24600/700.

Any shorts at the 50 and 100-day moving average at 22000/22300 target 21600/500. A low for the day is certainly possible here. However, a break lower can target 21000/20900.

Ripple shot higher to 50 and 100-day moving averages at 3500/3600. A break above 3650 can target 3800/3850.

Shorts at 3500/3600 target 3440/30, then 3380/70.

Ethereum did indeed hold above 1500/1550 to hit my target of 1760/80, and we have collapsed to the first support at 1700/1650.

Longs need stops below 1600. A break lower targets 1550, then the support at the 100-day moving average at 1500/1450. This must hold, or we resume the longer-term bear trend. Strong resistance is at 1800/1900.

Bitcoin: A Break Above $22,500 Is A Buy Signal
 

Related Articles

Deron Wagner
Don’t Miss The Bitcoin Rally By Deron Wagner - Oct 04, 2022 2

After months of range-bound trading, Bitcoin is now setting up for a huge breakout above key resistance. Here’s how to profit from this hot crypto swing trade setup...

Tim Knight
Between A Rock And Hard Placeum By Tim Knight - Oct 04, 2022

It may sound hard to believe, but it’s up to Ethereum at this point. That is to say, the “animal spirits” are beholden to resistance (the line at $1408) and support (beneath it, as...

Bitcoin: A Break Above $22,500 Is A Buy Signal

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
Meself Meself
Meself Meself Sep 23, 2022 1:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
buy now wetodd
Chris Kellerman
Chris Kellerman Sep 15, 2022 5:41PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
NOT
Hadi Almuadudi
Hadi Almuadudi Sep 13, 2022 12:33PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
get liquid now? XD
Hadi Almuadudi
Hadi Almuadudi Sep 13, 2022 12:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
get liquid now?
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email