Hot Topics

Advertisement

Advertisement

Litecoin (LTC) Halving Finally Happened But Why Is The Price Not Shooting Up?

Litecoin (LTC) halving has finally occurred but the price is not shooting up as the market expected it to. In fact, it keeps on falling back to the $100 mark and is struggling to remain above it. If we take a look at the daily chart for LTC/USD, we can see that it has finally broken the 38.2% fib extension level to the upside which is a bullish sign but it has yet to break past the 50 day EMA. It has now retraced aggressively below the 50 day EMA and for good reason. If we take a look at...

Read More

Bitcoin (BTC) Finally Tops Out, Likely To Begin Its Next Downtrend From Here

Bitcoin (BTC) has rallied significantly in the past 24 hours and has now run into an important resistance zone around $11,816. This is the level that served as the point of rejection during the bear trend of early 2018. We saw it lead to a 43% decline in BTC/USD just after it had topped out for the third time. We have a very similar situation here as Bitcoin (BTC) has topped out for the third time here as well and interestingly enough, it is at the same level that it topped out for the third time during early 2018. Does...

Read More

What Happens After Bitcoin (BTC)’s Recent Rally?

Bitcoin (BTC) has finally made a big move to the upside as the price is now well above $11,000. We expected this move and in our last analysis on BTC/USD, we said that if the rally past $11,000 materializes we are likely to see further upside. It finally happened and Bitcoin (BTC) shot quickly past $11k and has now run into a strong resistance at the 61.8% fib retracement level around $11,600. This is by no means going to be easy to breach and the price is more likely to begin a downtrend from here. If we take a look...

Read More

Sally Ho's Technical Analysis 5 August 2019

Bitcoin Bitcoin (BTC/USD) rocketed higher early in today’s Asian session as the pair advanced to the 11,258.88 level, its strongest showing since 14 July, and right around an important technical level that represents the 38.2% retracement of the move from 13,868.44 to 9,651.00.  The test of this area is technically relevant and chartists are eyeing that range’s next upside target around the 11,759.72 area with another upside target around the 12,257.38 level.  The pair is now comfortably trading above the 200-bar MA (4-hourly), and the 50-bar MA (4-hourly) and 100-bar MA (4-hourly) continue to converge. Traders elected Stops above the...

Read More

Ethereum (ETH) Bear Flag Points To Devastating Downtrend Ahead

Ethereum (ETH) is on the verge of a major downtrend. Many analysts are busy talking about the next bull run or a golden cross on the 3D chart but they so conveniently choose to ignore this major bear flag on the weekly chart that has a history of ending very badly. If we take a look at the weekly chart for ETH/USD, we can see that the price is already trading below the 21 Week EMA and is now likely to close its ongoing week before the 21 Week EMA as well. The RSI has broken a key uptrend and...

Read More