Hot Topics

Advertisement

Advertisement

Bitcoin Inches Closer To A Crash

Bitcoin has seen some scary bearishness the past few days which has made the bears very confident. Many of them have entered aggressive short positions in anticipation of a major crash. While I do believe that we will see that crash, I don’t think it is going to happen when everyone is expecting it. Most such moves catch the average trader off-guard. This was true of the rally from $7.7k as well as the recent crash. Now that BTC/USD is knocking at the key resistance of $9k having already broken the trend line support, we expect further bullishness near-term. However,...

Read More

Steady BTC/USD Buying Has 9092 Level Back in Sight: Sally Ho's Technical Analysis 13 May 2020 - BTC

Bitcoin (BTC/USD) continued its movements around the 9000 figure early in today’s Asian session after traders elected Stops above the 8860.12 level during yesterday’s North American session, a level that represents the 38.2% retracement of the recent depreciation from 10079 to 8106.70.   The market steadily climbed higher to the 8982.90 area, and traders await indications as to whether or not BTC/USD has the energy to test upside retracement levels related to the depreciating range, including the 9092.85, 9325.58, and 9613.54 areas.  During Monday’s North American session, the pair quickly fell to the 8185.00 area, not too far above the 8106.70...

Read More

Bitcoin Might Have A Surprise For Us

Bitcoin halving turned out to be the opposite of what the consensus was hoping for but the consensus is wrong most of the time. The FOMO was priced in and as we got close to halving, the big players dumped on the retail traders. So, what could the retail traders have done? At the very least, they could have bought the rumor and sell the news. It was very unreasonable to expect BTC/USD to rally after halving and we constantly warned against a major crash. This is certainly not that “major crash” as it has yet to be seen and...

Read More

ETH/USD Drifts Higher and Tackles 191.93: Sally Ho's Technical Analysis 12 May 2020 ETH

Ethereum (ETH/USD) inched higher during today’s North American session as the pair traded as high as the 192.42 level after bids emerged around the 187.01 level during today’s European session.  Stops were elected above the 191.93 area during the move higher, a price retracement level that represents the 38.2% retracement of the recent depreciation from 217.00 to 176.43.  Additional upside price retracement levels in this range include the 196.72, 201.50, and 207.43 areas, and other upside price retracement levels in a similar range include the 195.42 and 199.90 areas.  During last weekend, ETH/USD traded as low as the 180.33 level...

Read More

BTC/USD Capped at 200-Hour SMA in Short-Term: Sally Ho's Technical Analysis 12 May 2020 BTC

Bitcoin (BTC/USD) continued to hover around the 9000 figure early in today’s Asian session as the pair found support around the 8482.26 area during yesterday’s European session before racing higher to the 9182.66 level.  Stops were elected above the 9092.85 area during yesterday’s intraday appreciation, a level that represents the 50% retracement of the recent depreciation from 10079 to 8106.70.  The next upside retracement levels in this range include the 9325.58 and 9613.54 areas.  Chartists are noting that the intraday low from yesterday’s European session was right around the 8258.59 area, a downside price objective related to selling pressure that...

Read More