Hot Topics

Advertisement

Advertisement

Ethereum (ETH) All Set To Test 200 Day EMA Against Bitcoin (BTC)

Ethereum (ETH) broke past the 38.2% fib retracement level against Bitcoin (BTC) and is now ready to test the 200-day EMA. We can see on the daily chart for ETH/BTC that the pair had already been trading above the 200-day moving average but now it wants to test the 200-day exponential moving average. We can also see how the pair turned quite bullish soon as it broke the recent fib ring. That being said, the price is not expected to rally much higher once it has tested the 200-day EMA. Ethereum (ETH) has outpaced Bitcoin (BTC) for the day but...

Read More

Bitcoin (BTC) At Do Or Die, Everything Hinges On The Price Breaking Past $9.6k

Bitcoin (BTC) has run into resistance at the 38.2% fib retracement level that corresponds to a price level of $9,588. If the price fails to break effectively past this level to shoot higher and begin an uptrend, it risks to lose everything during the next decline which could drag it down to the 61.8% fib retracement level at $6.2k and eventually lower than that. So, it all hinges on what BTC/USD is going to do at this key decision point. The price is still struggling to break past the strong resistance zone which used to be an important market structure....

Read More

Sally Ho's Technical Analysis 5 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair escalated higher to the 9186.47 area after trading as low as the 9078.81 area during yesterday’s European session.  After spiking higher to the 9619.95 area during Monday’s Asian session, the pair has weakened and technical support that was in place around the 50-bar MA (4-hourly) has given way.  This 9619.95 recent high was just above the 9596.92 area that represents the 76.4% retracement of the move from 10545.53 to 6526.00.   Notably, buying pressure has emerged around the 38.2% retracement of the move from 8216.71 to 9619.95.  The next downside...

Read More

Ethereum (ETH) Dominance Runs Into Strong Resistance, Eyes Further Downside 

Ethereum (ETH) dominance broke out of a key symmetrical triangle to begin a strong downtrend. However, in mid-January we saw it attempt to rally higher and so it embarked upon an uptrend. Now, we have finally seen it reach a decision point. The 4H chart for Ethereum Dominance (ETH.D) shows that it has run into the trend line support turned resistance that it previously broke below. This is an important decision point for Ethereum (ETH) and it will determine which way the cryptocurrency swings in the weeks and months ahead. It will also determine the outlook of the altcoin market...

Read More

Here’s What The Next Bitcoin (BTC) Downtrend Might Look Like 

Bitcoin (BTC) has run into resistance at the $9.5k level. This is a strong resistance zone that the price was very unlikely to breach. We have seen BTC/USD decline towards $9k now but it could still try to retest the $9.5k mark or even rally slightly higher than that again to mislead retail traders. However, the point is we have now seen the writing on the wall and it is quite clear to see what might happen next. If we compare the current cycle with the previous one, we can see that the price is not at the June-July part...

Read More