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BTC/USD Recovers Below 7130 from Early Blitz: Sally Ho's Technical Analysis 10 April 2020 BTC

Bitcoin (BTC/USD) slumped early in today’s Asian session as the pair depreciated to the 7265.00 level after trading as high as the 7365.00 area during yesterday’s North American session.  Notably, the pair was capped around an important technical level during yesterday’s European and North American sessions, namely the 76.4% retracement of the depreciation from 7464.85 to 7046.60.  BTC/USD moved lower early in yesterday’s North American session and traded as low as the 7110.00 level, just below the 7145.31 area that represents the 23.6% retracement of the depreciating range.  Significant selling pressure commenced from the 7365.02 level during Tuesday’s North American...

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ETH/USD Sideways in Pre-Holiday Activity: Sally Ho's Technical Analysis 9 April 2020 ETH

Ethereum (ETH/USD) traded sideways in today’s North American session as the pair depreciated from the 173.55 level and traded as low as the 165.32 area, right around the 38.2% retracement of the move from 302.20 to 80.60.  Selling pressure originated during today’s European session around the 173.55 area, just above the 76.4% retracement of the depreciation from 176.86 to 161.51.  Bids emerged around the 165.32 area, just above the 23.6% retracement of the depreciating range.   Significant selling pressure emerged around the 173.99 area during Tuesday’s North American session, just above the 76.4% retracement of the depreciation from 175.76 to 167.24. ...

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Calm Before The Storm For Bitcoin (BTC)

Bitcoin is trading sideways as we expected it to. This may go on for a while as it did the last time before the decline kicked in. This time, it is expected to be a lot more devastating as the bearish pennant that we see on the daily chart for BTC/USD is a lot bigger compared to the previous one. The recent bullishness in the stock market was a misleading move, same as the one we saw just before the previous downtrend started. This week might end up being inconsequential with the S&P 500 (SPX) doing nothing out of the...

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BTC/USD Technical Trading at 7373 and 7223 Ahead of 7500: Sally Ho's Technical Analysis 9 April 2020 BTC

Bitcoin (BTC/USD) continue to orbit the 7250 level early in today’s Asian session as the pair was unable to sustain a move higher to the 7430 level during yesterday’s European session.  There was quite a bit of technical trading early in yesterday’s North American session when the pair traded as high as the 7372.82 area, right around the 76.4% retracement of Tuesday’s depreciation from the 7476.00 area to the 7073.00 area.  Significant selling pressure commenced from the 7365.02 level during Tuesday’s North American session, right around the 50% retracement of the depreciation from 7466.00 to 7271.00 and the 61.8% retracement...

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Ripple (XRP/BTC) Extends Recent Gains Against Bitcoin: Chart of the Day 9 April 2020

Chart of the Day – 9 April 2020XRP/ BTC – Daily In this Daily chart of Ripple / Bitcoin (XRP/ BTC), there is an appreciating range from 0.00002376 to 0.00002714. We can observe that the market then depreciated to the 0.00002570 level (identified by the blue up arrow), right around the 0.00002585 level that represents the 61.8% retracement of the appreciating range. We can observe that the market then appreciated to the 0.00002683 level (identified by the yellow down arrow), right around the 0.00002696 level that represents the 38.2% retracement of the appreciating range. Thereafter, we can observe the market...

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