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Traders Reload at 9525 For Another BTC/USD Shot at 10000: Sally Ho's Technical Analysis 10 May 2020 - BTC

Bitcoin (BTC/USD) remained in consolidation mode early in today’s Asian session after the pair came off to the 9525 level during yesterday’s European session, its weakest level after trading as high as the 10079 area during last week’s breach of the psychologically-important 10000 figure.  Some Stops were elected below the 9575.05 level during the pair’s depreciation, an upside price objective related to buying pressure that emerged around the 3858 area in March.  Bids later emerged around this level during yesterday’s North American session and propelled the pair higher.  Traders are observing the recent depreciating range of 10079 to 9525 and...

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Will ETH/USD Fall Short of Testing 227.50? Sally Ho's Technical Analysis 9 May 2020 ETH

Ethereum (ETH/USD) erased some recent losses during today’s North American session as the pair climbed higher from the 208.27 level and reached the 214.40 area after Stops were earlier triggered below the 208.76 area, a level that represents the 23.6% retracement of the recent appreciation from 148.08 to 227.50.  One short-term level that traders are watching is the 215.15 area, representing the 61.8% retracement of the depreciation from 227.50 to 195.17.   Also, the 207.52 area represents the 38.2% retracement of the same depreciating range, and bids have surfaced around this area over the past couple of days.  Some Stops are...

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BTC/USD Absorbs 10000 and Reloads Around 9950 for Traction: Sally Ho's Technical Analysis 9 May 2020 - BTC

Bitcoin (BTC/USD) continued to orbit the psychologically-important 10000 figure in today’s Asian session following the pair’s escalation to the 10079 area during yesterday’s Asian session, its strongest print since mid-February.  Bullish indications regarding BTC/USD’s upward movements emerged during Thursday’s European session when traders kept the pair bid above the 9028.89 area, an upside price objective related to buying pressure that originated around the 3858 area.  Those indications were later strengthened when the pair remained bid above the 9214.67 area, a downside price objective related to selling pressure that originated around the 10522.51 area in February.  Chartists anticipate Stops are likely...

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Bitcoin Vulnerable After Shocking NFP Report

Bitcoin shot up past $10k and has now retraced from there but it is still waiting to react to the damning NFP report that was released today. The report puts unemployment at 14.7% with more than 20.5 million Americans losing their jobs. This is absolutely catastrophic and indicates what may be about to come next. Market reaction has been tamed thus far and a lot of traders and analysts are not convinced that things are that bad. They think most of those jobs were “low income jobs which will be filled in the months ahead when lockdown is lifted”.  At...

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ETH/USD Bids Around 207 Shift Focus to 215: Sally Ho's Technical Analysis 8 May 2020 - ETH

Ethereum (ETH/USD) consolidated some earlier gains during today’s North American session as the pair fell back to the 211.83 level after trading as high as the 217.00 area during today’s North American session.  Stops were elected above the 215.15 level during the climb to multi-day highs, a level that represents the 61.8% retracement of the recent depreciation from 227.50 to 195.17.  During the pair’s subsequent pullback, technical buying pressure emerged around the 207.52 area, representing the 38.2% retracement of the depreciating range.  If the pair is able to resume its upward trajectory, traders will pay close attention to the 219.87...

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