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BTC/USD Stops Hit Below 5989 on Fade Lower: Sally Ho's Technical Analysis 29 March 2020 BTC

Bitcoin (BTC/USD) glided lower early in today’s Asian session as the pair climbed dropped to the 5871.00 area after encountering selling pressure around the 6310.00 level during yesterday’s Asian session.  Sizable Stops were elected below the 5989.75 area during the move lower, a downside price objective related to selling pressure that intensified around the 6710.45 level.  Another technically-significant level remains the 6161.57 area, and selling pressure emerged there during yesterday’s North American session before the 5989 level was tested and gave way.  Additional selling pressure saw Stops elected below the 5921 area, an upside price objective related to buying pressure...

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ETH/USD Orbits Key 125.16 Level: Sally Ho's Technical Analysis 29 March 2020

Ethereum (ETH/USD) extended recent weakness in today’s North American session as the pair moved lower to the 124.50 area after selling pressure emerged around the 133.80 level earlier in today’s Asian session.  Stops were elected below the 125.85 and 124.80 levels during the pair’s pullback in today’s North American session, both of which represent upside price objectives related to buying pressure that originated around the 100.50 level in the middle of March.  Stops were recently triggered below the 127.41 level during the depreciation, and the next downside price objective related to that level is the 122.75 area. Above current market...

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BTC/USD Hits Big Stops Below 6161: Sally Ho's Technical Analysis 29 March 2020 BTC

Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session as the pair climbed higher to the 6310.00 area after encountering buying pressure around the 6030.00 level during yesterday’s North American session.  Strong selling pressure commenced around the 6710.45 area during yesterday’s Asian session, and the market eventually elected related strong Stops just below the 6161 area, a downside price objective related to the selling pressure.  Traders took BTC/USD higher back to the 6331 area but selling pressure again emerged and knocked the pair lower to the 6030 level.   Above current price activity, upside price objectives include the 6436, 6520,...

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ETH/USD Holds Above 125: Sally Ho's Technical Analysis 28 March 2020 ETH

Ethereum (ETH/USD) improved in today’s North American session as the pair moved higher to the 129.20 area after bids emerged around the 125.01 level earlier in today’s Asian session.  Strong selling pressure emerged around the 137.84 area early in today’s Asian session and Stops were eventually elected just below the 130.29 and 127.41 levels during the move lower, areas that represent downside price objectives related to offers that emerged around the 142.50 area.  Traders then took the market back to the 130.09 area before selling pressure pushed the pair back to the 125.50 level.  Above current price activity, upside price...

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BTC/USD Fades Below 6500: Sally Ho's Technical Analysis 28 March 2020 BTC

Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session as the pair climbed higher to the 6710.45 area after finding buying pressure around the 6585.00 area during yesterday’s North American session.   Traders had pushed the pair as high as the 6880.00 level during yesterday’s Asian session before selling pressure knocked BTC/USD lower.  The pair has recently appreciated after trading as low as the 3858.00 level on 13 March, with traders curious when the market will exhibit the strength to once again cross the psychologically-important 7000 figure.   Traders have recently tested the level twice recently, pushing the pair as high...

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