Hot Topics

Advertisement

Advertisement

Ethereum (ETH) Unlikely To Maintain Uptrend Against Bitcoin (BTC)

Ethereum (ETH) has just run into resistance at the 61.8% fib retracement level against Bitcoin (BTC). On the ETH/USD front it is still surging higher but it appears to have hit the wall against Bitcoin (BTC). We can also observe on the daily chart for ETH/BTC that the pair has run into a strong trend line resistance. The manner in which the pair has been pumping recently is obviously a sign of manipulation but there’s more to it. This is also a sign of desperation. There is a reason the big players in this market are in such haste; they...

Read More

Bitcoin Bullish And Bearish Case Analyzed 

Bitcoin has once again climbed past $10k and this has many of the retail traders excited once again. The flash crash before that got traders a bit concerned but the big players in this market are quick to mask any ‘irregularities’ with more green candles. The end result now would be more people rushing into longs just before the upcoming halving anticipating that the price is going to shoot to the moon in the weeks and months ahead.  While the vast majority of traders are focused on a rally before the next halving, most completely forget how similar events like...

Read More

Potential S&P 500 (SPX) Top Likely To Send Bitcoin (BTC) Crashing Below $10k Again 

The S&P 500 (SPX) is likely to have topped out here. We saw it rally some more after our last call but it has now run into resistance on the pitchfork seen on the 2H chart. We can also spot bearish divergence on the RSI which indicates that the stock market may see the next downtrend begin in the days and weeks ahead. Major catalysts apart from the technicals could be Bernie Sander’s New Hampshire win as well as growing concerns regarding the Coronavirus outbreak which have yet to factor into the market. The result would be a devastating blow...

Read More

Sally Ho's Technical Analysis 12 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 10304.49 level after having traded as high as the 10400.00 level during yesterday’s North American session, a fresh multi-month high.  The move yesterday was a reversal of the recent move back below the psychologically-important 10000 figure and tested technical support around the 9736.00 area, just below the 9740.35 area that represents an upside price objective related to buying pressure that emerged weeks ago around the 6854.67 area. Stops were elected above some key technical levels during the move higher, including the 10215.41, 10239.21, 10313.70,...

Read More

Ethereum (ETH) May Yet See Further Upside Before The Next Major Downtrend 

Ethereum (ETH) has started to decline but it has not tested the 38.2% fib retracement at $235 just yet. This could mean that we might yet see further upside in ETH/USD before the next downtrend kicks in. The trend remains bearish on the larger time frame and the recent move seems to be an attempt to shake out the bears and trap in more bulls before a major downtrend. There is a very low probability of this being a double bottom in ETH/USD that could lead to a W-shaped rally in the price before halving. This is certainly what most...

Read More