Hot Topics

Advertisement

Advertisement

Sally Ho's Technical Analysis 1 July 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 11,424.19 area after being lifted higher from the 10,805.00 level in yesterday’s North American session.  A technical clue emerged late in yesterday’s North American session when Bids lifted the pair from daily lows right around the 61.8% retracement of the 8919.72 – 13,868.44 range. The 11,394 and 11,978 levels are the next upside retracement levels related to this range. The pair fell back below the 50-bar MA (4-hourly) during yesterday’s European session. Bitcoin bears are eyeing some important technical levels to the downside....

Read More

Bitcoin (BTC) Likely To Close The Month Below Strong Resistance Levels

Bitcoin (BTC) is trading below key resistance levels and is expected to close the month below these levels. If we look at the monthly chart, we can see that BTC/USD formed a wick to the body of the all-time high candle of December, 2017 before it topped out and started to decline. The price ended up falling a lot aggressively and is now trading below the important 61.8% fib retracement level as well as the resistance at $11,621. It is important to realize that if the price ends up closing below this mark, we are likely to see a sharp...

Read More

Sally Ho's Technical Analysis 30 June 2019

Bitcoin Bitcoin (BTC/USD) gained ground early in today’s Asian session as traders pushed the pair to the 12,262.92 level, its strongest showing since the sell-off that started during yesterday’s Asian session around the 12,444.77 level.  Stops were elected above the 12,153.09 area early in yesterday’s North American session, representing the 23.6% retracement of the move from 6,600 to 13,868.44. Early in yesterday’s European session, traders pushed the pair lower and tested Bids around the 11,318.94 level, just above the 50-bar MA (4-hourly). Above current market activity, the 12,494.99 area is an upside price objective, representing the 23.6% retracement of the...

Read More

Bitcoin (BTC) Might Still Shoot Above $12,500 Before Beginning Its Downtrend

Bitcoin (BTC) still has plenty of room to rally now that it has cooled off after the recent crash. The 1H chart for BTC/USD shows that the price has found strong support atop the 38.2% fib retracement level. Furthermore, it is trading in an ascending triangle which could also break to the upside pushing Bitcoin (BTC) towards $12,500 or even higher levels before it tops out. It has become very tempting to go short on Bitcoin (BTC) after the recent crash. Big moves to the downside like the one we saw recently have a strong way of changing hearts and...

Read More

Sally Ho's Technical Analysis 29 June 2019

Bitcoin Bitcoin (BTC/USD) was pressured lower early in today’s Asian session as the pair fell to the 11,715 area after being capped around the 12,100 area during yesterday’s European session. BTC/USD moved steadily higher from the 10,300 level starting in yesterday’s Asian session, eventually triggering Stops above the 11,663.14 area that represents the 38.2% retracement of the 13,868.44 – 10,300.00 range. The pair came off after testing the 12,084.22 level, representing the 50% retracement of the same range. Additional upside targets related to the same range include the 12,505.30 and 13,026.29 areas. Another important level is the 12,367.56 area, representing...

Read More