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Sally Ho's Technical Analysis 17 September 2019

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session but only after the pair jumped sharply higher late in yesterday’s Asian session as a result of aggressive buying that saw the pair lifted to the 10355.03 area after Bids emerged around the 10068.42 level.  Minor Stops were reached above the 10347.33 area, representing the 76.4% retracement of the 10433.49 – 10068.42 area. Notably, the 50-bar MA (hourly), 100-bar MA (hourly), and 200-bar MA (hourly) have nearly converged, indicating the markets are uncertain about short-term sentiment following a drastic depreciation below the 10095.00 area during yesterday’s European session. Likewise, the 50-bar...

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Why Ethereum (ETH) Is Very Likely To Crash To $164.80 From Current Levels

Ethereum (ETH) has made big moves to the upside over the weekend. You might think that had to do with real buying interest in the market but it was about scaring away the bears before what is to come. If we zoom in on the daily chart for ETH/USD, we see a bearish setup that is very rare to come by. If you are a bear, chances are you are already drooling over your screen looking at this chart. The price ended up testing the $194.55 level again. Now, you might be wondering what is so significant about that level....

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Bitcoin (BTC) Breaks Below Symmetrical Triangle Amid Extreme Bullish Euphoria

Bitcoin (BTC) has crashed hard below the symmetrical triangle after days of indecision. In the past 24 hours, investors were hoping it would break to the upside. Ethereum (ETH) made some big moves to the upside and a lot of traders expected Bitcoin (BTC) to do the same. However, to their disappointment the price has done the inevitable and crashed below the symmetrical triangle. This crash is significant but not as significant as what it denotes. This has finally shown us how the large symmetrical triangle that a lot of bulls are hoping to break to the upside to lead...

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Bitcoin (BTC) Primed For A Big Move From Here

Bitcoin (BTC) has been trading sideways for the most part throughout the weekend. Ethereum (ETH) on the other hand has been making big moves to the surprise of most bears. This led some into thinking that it might be the beginning of a bull market until recently when the price ran into a strong resistance around the $194.55 and faced a strong rejection. Looking at the BTC/USD chart, we can see that it has been trading sideways for the most part for the past 24 hours. It is likely that we will see a sharp move soon but before that...

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Sally Ho's Technical Analysis 16 September 2019

Bitcoin Bitcoin (BTC/USD) rallied higher early in today’s Asian session as the pair traded as high as the 10379.98 area after Bids emerged around the 10271.70 area late in yesterday’s North American session. The pair had a volatile weekend that saw it climb higher from the 10233 area on Saturday, consolidate gains, and then finds Bids late yesterday around the 38.2% retracement of the 10939.34 – 9851.97 range.  Some Stops were elected above the 10371.72 area early in today’s Asian session, representing the 61.8% retracement of the 10433.49 – 10271.78 range. If BTC/USD’s upward momentum can continue, traders will need...

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