Hot Topics

Advertisement

Advertisement

Ethereum (ETH) Breaks Uptrend Against Bitcoin (BTC) But It’s Not Over Yet

Ethereum (ETH) has broken its month long uptrend against Bitcoin (BTC) which has now got the bulls worrying that this might be the end of the uptrend and Ethereum (ETH) could fall against Bitcoin (BTC) in the days ahead. While it is true that ETH/BTC is expected to decline a lot harder long term when the market begins its next downtrend, it is important to realize that there is still plenty of room for the market to rally near term. The 4H chart for ETH/BTC shows that even though the pair has broken below the trend line support, it has...

Read More

Bitcoin Bulls Can Still Take Control

Bitcoin declined below $7,000 and it appears to be bearish on surface but I think the market could rally higher from here. The price has just found support on the 61.8% fib extension level and as we can see it has already started to move up. If BTC/USD ends up rallying higher from here, then the probability of a move towards higher levels in the near future would increase significantly. The recent crash is a lot similar to what we have seen before. The price crashed in one big candle which was then followed by a reversal attempt which failed...

Read More

EUR/USD Forex Pair Indicates When Bitcoin (BTC) Could Make Its Next Move

The EUR/USD forex pair has historically had a strong impact on the price of Bitcoin (BTC). In fact, the recent market crash had a lot to do with a decline in this pair. Now that we have seen the pair decline down to the 61.8% fib extension level, it has room to rally sideways before the next big move. It is not clear yet which way the pair will swing after that but there is a strong probability of a break below the 61.8% fib extension level if the price ends up breaking below the symmetrical triangle. Regardless of which...

Read More

Sally Ho's Technical Analysis 27 November 2019

Bitcoin Bitcoin (BTC/USD) appreciated  early in today’s Asian session as the pair climbed to the 7189.99 area after trading as low as the 7021.84 area during yesterday’s North American session.  The pair’s ongoing weakness has not yet abated, leading to intense market speculation that traders may not yet be finished with pushing BTC/USD lower. Chartists are observing that even after Monday’s rapid move higher from multi-month lows, the pair is still trading below the 7473.42 area, representing the 23.6% retracement of the move from 10540.49 to 6526.00.  The next upside price retracement level related to that range is 8059.54, representing...

Read More

Can Litecoin (LTC) Survive The Next Crash?

Litecoin (LTC) is once again at risk of massive sell off. During a market meltdown, coins that have little to no use case of their own are at much higher risk because not only do they risk a loss in value but they risk abandonment. During the 2018 crash, we saw the core Etheruem Classic (ETC) development team that had been working on the cryptocurrency from the very beginning finally abandoned the project citing financial difficulties. The daily chart for LTCUSD/BTCUSD shows that the ratio has once again declined below a key support. In fact, this time it risks a...

Read More