Hot Topics

Advertisement

Advertisement

Here’s What Bitcoin (BTC) Analysts Won’t Tell You 

Bitcoin is moving up and down between $8,800 and $8,600 but looking at the BTC/USD chart, it is not easy to ascertain where it might be headed next. The reason why is because this market is one of the most highly manipulated and controlled market there is. In many ways, it is even worse than penny stocks. There are countless cases of manipulation in this market and there will be many more in the future. However, that is not to say that we cannot get an idea as to how and when a particular pump or dump could happen in...

Read More

Bitcoin (BTC) Could Still Rally Towards $10k After A Near-Term Retest of $8k

Bitcoin (BTC) is still hovering close to the 200-day moving average and is now on the verge of its next big move. This move whether to the upside or to the downside will be short-lived. The perfect play from the market makers’ standpoint would be for BTC/USD to fall down to the $8k level which would make the bears feel vindicated. This would then give the market makers and the whales incentive to pump the price to much higher levels to liquidate most of those overly aggressive bears. The next move from the 61.8% fib level would most likely be...

Read More

Sally Ho's Technical Analysis 22 January 2020 BTC ETH

Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair fell to the 8693.39 area following a late rally to the 8774.31 area during yesterday’s North American session that began earlier in the session around the 8465.00 area.  Following the pair’s sharp decline over the weekend from the 9194.99 area to the 8465.00 level, BTC/USD has largely traded sideways, generally supported above the 8500.00 figure.  During the weekend pullback, the pair remained bid above the 8433.00 area, representing the 50% retracement of the recent 7671.00 – 9194.99 range.  Notably, selling pressure emerged around the 8741.24 area during the pair’s...

Read More

Ethereum (ETH) Could Be On The Verge Of Its Most Devastating Downtrend In Years

Ethereum (ETH) is on the verge of one of its most devastating downtrends in years. The daily chart for ETH/USD clearly shows the trend and it is only a matter of time before we see the price begin to decline again. It will have to test the trend line support at a lower point now to make a lower low. The decline this time will be far more devastating and the fact that ETH/USD is already trading below the 200-day moving average means that it may even enter another brutal downtrend to take out the December, 2018 lows and decline...

Read More

Where Is Bitcoin (BTC) Really Headed?

Bitcoin continues to struggle to hold its ground above the 61.8% fib level at $8.6k but it seems to be struggling too hard. Whenever the price struggles too hard to do something, it usually fails because there is place for hoping and wishing in the market. What is meant to happen does happen most of the time in financial markets. We can see now that BTC/USD is primed for a sharp decline sooner rather than later. The bearish pennant seen on the 1H chart is likely to lead to a crash by the end of the week. Cryptocurrencies pairs like...

Read More