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BTC/USD Hugging 11500 Like a Long-Lost Friend: Sally Ho's Technical Analysis 14 August 2020 BTC

Bitcoin (BTC/USD) extended its recent sideways trading activity early in today’s Asian session after the pair traded as high as the 11662.72 area during yesterday’s Asian session and as low as the 11274.14 area during yesterday’s European session.  Traders observe that upside buying pressure emerged just above the 11248.08 area, representing the 76.4% retracement of the recent appreciating range from 11120 to 11662.72.  One range that has influenced recent price activity is the recent appreciation from 11546.15 to 12086.22, and traders are observing that buying activity emerged during a recent pullback just below the 11497.71 area, representing the 38.2% retracement of the...

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Bitcoin (BTC) Braces For The Next Big Move 

Bitcoin has recently seen a sizeable retracement but now the price is attempting to move higher again. At this point, we are now waiting for the beginning of the next near-term downtrend so we can see a local bottom before the next move higher. Many retail traders would be misled again, same as before when we see the price go down but not begin that major downtrend just yet.  Similarly, when we see the move higher past $12k again, it is going to get many retail traders to FOMO into the market only to see Bitcoin and other cryptocurrencies crash...

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Technicals Around 377 and 386 Propel ETH/USD Higher: Sally Ho's Technical Analysis 13 August 2020 ETH

Ethereum (ETH/USD) reclaimed its upward bias in today’s North American session as the pair appreciated to the 398.00 area level after trading as low as the 376.46 area earlier in the European session, right around the 38.2% retracement of the recent appreciation from 325.75 to 408.00.  Traders are waiting to see if the buying pressure around these significant technical levels will be enough to result in ETH/USD gaining a foothold above the 400.00 figure.  The 392.00 area is an area that is of technical significance, representing the 23.6% retracement of the recent appreciation from 362.88 to 401.00.  Additional downside price...

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BTC/USD Roadblocked at 11625: Sally Ho's Technical Analysis 13 August 2020 BTC

Bitcoin (BTC/USD) continued to orbit the psychologically-important 11500 level early in today’s Asian session after traders lifted the pair to the 11625 level during yesterday’s North American session.  Bids kept BTC/USD bid above the 11115.62 area, representing the 38.2% retracement of the historical appreciation from 6636.46 to 13884.29, before encountering technical resistance around the 50-bar, 4-hourly simple moving average.  One range that has influenced recent price activity is the recent appreciation from 11546.15 to 12086.22, and traders are observing that buying activity emerged during a recent pullback just below the 11497.71 area, representing the 38.2% retracement of the appreciating range.  Additional retracement...

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ETH/USD Big Above 381.94 Again: Sally Ho's Technical Analysis 12 August 2020 ETH

Ethereum (ETH/USD) rallied higher early in today’s North American session as the pair strengthened to the 387.59 area level after trading as low as the 365.19 area earlier in the European session. Some Stops were triggered above the 381.94 and 386.44 levels, representing the 50% and 38.2% retracements of the appreciating range from 362.88 to 401.00.  Traders are observing that the pair has encountered some technical resistance around the 392.00 area, representing the 23.6% retracement of the recent appreciation from 362.88 to 401.00.  Additional downside price retracement levels in this range include the 386.44, 381.94, 377.44, and 371.88 areas.  The...

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