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Ethereum (ETH) Stands To Lose A Lot Against Bitcoin (BTC)

Ethereum (ETH) seems to have lost its bullish momentum against Bitcoin (BTC) and is now eyeing downside. If a downtrend does begin in the ETH/BTC pair, then Ethereum (ETH) has a lot to lose against Bitcoin (BTC). The daily chart for ETH/BTC shows what that really means. We are currently seeing the pair trade close to a key trend line resistance. If the pair fails to break past it, then it will have to decline to the trend line support which would be lower than the 141.8% fib extension level. This would be a very bearish development for Ethereum (ETH)...

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Bitcoin Bulls Might Have Been Bluffing

Bitcoin (BTC) has finally closed below the 200 Day EMA. This is a very bearish development and has now changed the near term outlook from neutral to leaning bearish. The reason we are not bearish just yet is because we still need to see a close below the 61.8% fib extension level on the 4H time frame. Another consecutive close below the 200 Day EMA would also be helpful but it is likely that BTC/USD would be in a strong downtrend when that happens so it might be a bit too late. At this point, we have seen most bullish...

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Bitcoin (BTC)’s Next Move Hinges On The Direction Of The EUR/USD Forex Pair

Bitcoin (BTC) is once again at a decision point and the bulls and the bears are both confused as to what that decision is going to be. We saw BTC/USD begin the day in red but it then made a big move to the upside which was similar to the manipulated moves we have seen recently. When the stakes are this high, such moves are to be expected. In the absence of real volume and trading interest in the market, most of the big players make their money playing such games. The recent move liquidated more than $40 million Bitcoin...

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Sally Ho's Technical Analysis 15 November 2019

Bitcoin Bitcoin (BTC/USD) depreciated to the 8572.00 level early in today’s Asian session as the pair extended its selling pressure that began around the 8784.61 level during yesterday’s Asian session.  Over the past few trading sessions, traders have kept the pair bid above the 8535.67 area, representing the 61.8% retracement of the move from 7296.44 to 10540.49.  Despite the quick ascent higher to the 9150.00 level on 10 November, BTC/USD has generally remained Given below the 8918.47 area, representing the 50% retracement of the aforementioned range.  Traders have noted the pair is also continuing to orbit the 200-bar MA (4-hourly),...

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Ethereum (ETH) Maintains Its Uptrend Against Bitcoin (BTC), Eyes More Gains

Ethereum (ETH) continues to show signs of bullishness against Bitcoin (BTC) despite the recent decline in the market. Most cryptocurrencies are still bleeding but Ethereum (ETH) has maintained its uptrend against Bitcoin (BTC) despite losing most of its recent gains. The daily chart for ETH/BTC shows that the pair has now found support atop the 38.2% fib extension level. A rally from here is expected to test the trend line resistance and simultaneously the next fib circle. It is also very likely that the pair might run into the 61.8% fib extension level at that point. That would be where...

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