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Ethereum (ETH) Fails To See Organic Buying Interest, Decline Expected Ahead

Ethereum (ETH) has failed to see organic buying interest. We haven’t seen much that could make for a bullish case apart from the occasional pumps with no follow through. Some might argue that when the price moves to the upside it is easy to criticize it as manipulation but when it goes down it is real selling interest. Well, the fact of the matter is that in this market in its current state of an extreme lack of real volume, it does take some effort to move the price higher because money has to be printed out of thin air...

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Bitcoin (BTC) Retail Bears Continue To Be Shaken Out Before The Big Crash

Bitcoin (BTC) is on the verge of a major decline as the price has just found resistance at a trend line support turned resistance. BTC/USD declined from there but before it could continue its decline below the 38.2% fib extension level, it rallied higher from there to shake out the bears. This is nothing surprising because the market makers have always attempted to shake out the bears before the biggest and most meaningful crashes. There was a strong probability that this might happen and the big move to the upside that left a long wick shows us how much real...

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Bitcoin (BTC) Resumes Downtrend To $9,900

Bitcoin (BTC) has finally declined below $10,400 to begin its downtrend. It kept stalling this move for long but now we have seen it decline following the same fractals as it did just before in August, 2019. There are strong similarities between the two fractals. If we take a look at the 1H chart for BTC/USD, we can see that the price tested the top of the trend line resistance and declined from there to the 200 EMA last month. The same thing has happened this time as well. In addition to that, we have seen Bitcoin (BTC) find support...

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Sally Ho's Technical Analysis 9 September 2019

Litecoin Litecoin (LTC/USD) gained ground early in today’s Asian session as the pair appreciated to the 70.46 area after encountering some difficult technical Resistance during yesterday’s European and North American sessions. During yesterday’s Asian session, the pair traded as high as the 72.25 level before coming off and then depreciated as low as the 68.01 area during yesterday’s European session. LTC/USD briefly traded below the 100-bar MA (4-hourly) during its pullback, and then orbited the 69.47 area for a couple of trading sessions, a level that represents the 61.8% retracement of the 22.17 – 146.00 range. Sentiment continues to remain...

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Bitcoin (BTC) Unlikely to Stall The Major Downtrend Any Longer

Bitcoin (BTC) has been stalling another move to the downside for the past two days which was reasonable to expect after the massive crash from $10,947. However, the manner in which the price kept surging led some investors into thinking that maybe the price had bottomed and was now ready to begin a bull trend. As we can see on the 15 min chart for BTC/USD, this was just a bear flag in the making which ended up coming to fruition today when the price crashed below it. At the moment, it is consolidating around the $10,400 mark. We may...

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