Hot Topics

Advertisement

Advertisement

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

Bitcoin (BTC) Rises Above 50 Day EMA Again But Are The Bulls In Control Yet?

Bitcoin (BTC) has climbed above the 50 Day EMA and it has suddenly got the bulls very excited. We have seen some strong shakeouts to both sides and we may yet see some more but a lot of traders are wondering what is next for Bitcoin (BTC). Was this a real rally or was it a fake rally and does it mean the bulls are back in control? Well, first of all, the manner in which the price shot up above the 50 day EMA was very bullish but there is more to it than that. Sure, the price bounced...

Read More

Bitcoin (BTC) Bullish Reversal Or Price Manipulation?

Bitcoin (BTC) closed the day below the 50 day EMA but something very interesting happened soon afterwards. The price shot up through the 50 day EMA and has now made the bulls hoping for a bullish continuation. It is important to note here that BTC/USD ended up closing above the 38.2% fib extension level from the all-time high which is a bullish sign that means that the bulls might be in control for the time being. If we take a look at the daily chart, we can see that the price made two consecutive closes below the 50 Day EMA....

Read More

Sally Ho's Technical Analysis 25 July 2019

Bitcoin Bitcoin (BTC/USD) was pressured early in today’s Asian session as the pair moved to the 9,507.38 level before gaining a little bit of ground back.  The low of 9,507.38 was just below the 9,532.39 area that represents the 38.2% retracement of the move from 19,891.99 to 3,128.89.  During yesterday’s North American session, the pair gained some ground but stopped short of testing the 9,938.16 area. This follows the pair’s inability to move above the 10,234.22 area during yesterday’s Asian session. That level represents the 50% retracement of the move from 6,600.00 to 13,868.44 and given the market’s current bearishness,...

Read More