Hot Topics

Advertisement

Advertisement

Ethereum (ETH) Sparks Altcoin Season Hopes Again As It Rallies Against Bitcoin (BTC)

Ethereum (ETH) declined for more than ten weeks straight against Bitcoin (BTC) and all hopes of an altcoin season got completely crushed during that time. However, now that the price seems to have found a temporary support, we see a glimmer of hope as ETH/BTC attempts to test the previous support turned resistance. In the weeks ahead, we are likely to see Ethereum (ETH) rise to test that level. Now, we do not expect it to be broken to the upside but while it is rallying higher to test that level, we might see hopes of an altcoin season surface...

Read More

Bitcoin (BTC) Could Still Go Back Above $10,000 But Bigger Threats Loom Over

Bitcoin (BTC) is trading around $400 dollars below $10,000 but it could soon shoot back above $10,000. The real question however is, “How high will it go above $10,000?” To answer that, let us first analyze what has just happened in the past few months. BTC/USD began its parabolic uptrend in December, 2018 which has now come to an end as the price topped out last month just below $14,000. Back then it wasn’t as clear if the top was already in but now it is making a lot more sense. So, the market makers ended up shaking traders to...

Read More

Bitcoin (BTC) Could See Further Upside Before The Next Downtrend

Bitcoin has made its third consecutive close below the 50 day EMA but the price is still holding strong above the 38.2% fib extension level. This is a sign of confidence for Bitcoin bulls as it could lead to a rally to the upside before further downside. If we take a look at the price action on the daily chart, we have seen very high volatility in the last few days. The price action looks quite confusing especially for the past two days but if we take a look at the EUR/USD chart, it all falls into place. The turbulent...

Read More

Sally Ho's Technical Analysis 26 July 2019

Bitcoin Bitcoin (BTC/USD) softened in today’s early Asian session as traders moved the pair lower to the 9,914.75 area after falling below the 9,938.16 area during yesterday’s North American session, an important level that represents the 61.8% retracement of the move from 7,508.77 to 13,868.44.  BTC/USD escalated higher to the 10,184.99 area during yesterday’s Asian session and tested the 50-bar MA (4-hourly). The 10,087.62 area was toppish later in yesterday’s North American session.  The pair continues to trade below the 50-bar MA (4-hourly) and trade between the 50-bar MA (hourly) and 100-bar MA (hourly). Technicians note that BTC/USD found technical...

Read More

Ethereum (ETH) Likely To Have Topped Out After Recent Bullish Move

Ethereum (ETH) broke the parabolic uptrend and is now very likely to have topped out after the recent bullish move. We could see a wick or two to the upside to match the local top but the price seems to be out of juice to go up from here. The recent move in ETH/USD took a lot of traders by surprise because it was not the most probable scenario. In fact, if it were not for manipulation in the market this may not have happened. However, we did point to the possibility of this move in one of our analyses...

Read More