Hot Topics

Advertisement

Advertisement

Bitcoin (BTC) Flash Crash Exposes Rampant Manipulation In The Market

Bitcoin (BTC) flash crashed to $6,185 as a few big players dumped large amounts of coins on a popular exchange. The price has yet to recover from the crash and it is expected to fall lower from current levels before a reversal is in sight. The big picture is now clearer than ever and as we have mentioned in our previous analyses, the desperate buying frenzy was just a ploy to trap in some buyers so the whales could dump on them at a better price. The rally was institutions driven as some rightly pointed out but as we have...

Read More

Sally Ho's Technical Analysis 17 May 2019

Bitcoin Bitcoin (BTC/USD) showed some signs of weakness during today’s Asian session as traders drove the pair back around the 7764.19 level, representing the 38.2% retracement of the recent move from 6755.00 to 8388.00.  Late in yesterday’s North American session, the pair fell below the 7709.26 area, representing the 23.6% retracement of the 5512.00 – 8388.00 range.  Another key level that traders are watching is 7598.36, representing the 61.8% retracement of the absolutely lifetime range of BTC/USD. Notably, the pair is now trading below its 50-bar MA (hourly) which is now around 8007.14 and has just moved below its 100-bar...

Read More

Ripple (XRP) In Free fall As Price Faces Rejection At Key Trend Line Resistance

Ripple (XRP) is down almost 10% for the day after facing strong rejection at a key trend line resistance. If the price starts to decline from here, it would be at a major risk of testing the bottom of the descending channel considering it has never tested it. This would push XRP/USD below $0.10 and a lot of stop losses might be triggered. Ripple (XRP) was one of the hottest investments during the previous bull market but it was not available on Coinbase and investors did not have many options to buy it directly with fiat. However, a popular trading...

Read More

Ethereum (ETH) Crashes Below $270 As Price Runs Into Strong Resistance

Ethereum (ETH) has run into a strong resistance and now declined sharply below the $270 mark. This has left a long wick to the upside as the daily candle has now retraced below the 1.272% Fib retracement level. The price is likely to close below this level as it has run into the top of the ascending channel it has been trading in. It would appear that ETH/USD did actually profit a lot off the golden cross that most expected to be a bull trap. The price kept on rallying and pushed through critical resistance levels despite overbought conditions on...

Read More

Bitcoin (BTC) Shorts Fall More Than 38% In A Day But Price Continues To Fall

Bitcoin (BTC)’s desperate buying frenzy seems to have come to an end as institutional investors that pumped the price begin to take profit. Retail bulls are still expecting a rally to $10,000 and the whales know that which means it is very unlikely to happen. The daily chart for BTC/USD shows the weakness in the price action as the rally has come to a halt after a parabolic run up. This rally is now very similar to the parabolic rally we saw during 2017-18. We all know how that turned out so there is no reason to assume otherwise in...

Read More