Hot Topics

Advertisement

Advertisement

Bitcoin (BTC) Halving Finally Complete 

Bitcoin halving seems almost complete as the price has successfully halved from $10.5k to $5.7k. However, most of the traders that were waiting for halving are all of a sudden not heard of anymore. So, this recent crash was pretty brutal and I have to admit it exceeded my expectations. I would not have imagined BTC/USD crashing below $6.7k in just one day, but most of you who follow my analyses would know that I have been short on the market. I repeatedly said how it was not over yet and when the market makers and whales kept on pumping...

Read More

Sally Ho's Technical Analysis 12 March 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 7987.97 area after trading as low as the 7583.27 area during yesterday’s North American session, just above the 23.6% retracement of the move from 10950.57 to 6531.91.  The recent dramatic depreciation in the market has refocused attention on some longer-term trading ranges and the impacts that they could possibly have on price activity.  The importance of many of these levels was reaffirmed during the depreciation in the second half of last year, and subsequent appreciation to multi-month highs over the past few months.  One...

Read More

Ethereum (ETH) Risks A Sharp Decline To 200 Day Moving Average

Ethereum (ETH) is still in trouble and risks further downside as the price struggles to break above $200 once again. The daily chart for ETH/USD shows that the price now faces a rejection at the 100-day EMA to break higher from current levels. If it continues to close below the 100-day EMA, we would be looking at a decline towards the 200-day moving average in the near future which would also coincide with a retest of the 61.8% fib level. This is something a lot of retail traders would easily make their peace with even under the bullish case. It...

Read More

Bitcoin Vulnerable As Uncertainty Rises 

If there is one thing that has made a lot of Bitcoin investors worried recently is that BTC/USD failed to perform well in times of uncertainty. Sure, one could say that 1 Bitcoin will always be 1 Bitcoin but by the same logic I could see 1 rock will always be 1 rock. With the fears of a recession looming over, investors are worried about their positions not only in Bitcoin but everywhere else. Some simply would not just admit that Bitcoin is actually a risky investment and can therefore not do well in times of a crisis. They come...

Read More

Potential Gold (XAU/USD) Rout Could Put More Pressure On Bitcoin (BTC) 

The price of Gold (XAU/USD) has been in an impressive uptrend since last year when fears of a financial slowdown first started to surface. We have now seen Gold (XAU/USD) rise aggressively within a rising wedge and it has just faced rejection at the 78.6% fib retracement level. This now means that we could be looking at a major potential decline in the price of Gold, one that could see it break below the rising wedge and fall towards the 61.8% fib level if not much lower. We have previously seen that rallies in Gold (XAU/USD) have not necessarily led...

Read More