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5 December 2019 - BCH/ GBP – 15-minute

In this 15-minute chart of Bitcoin Cash/ British pound (BCH/ GBP), there is a depreciating range from 179.66 to 162.68. We can see that after the depreciation, the market tested and traded above the 166.6873 area at least three times (identified by the three red down arrows), a level that represents the 23.6% retracement of the depreciating range. We can see the market then depreciated and continues to trade below this retracement level. Using a Simple Moving Average, we can see the market continues to trade below the 14-bar Simple Moving Average. Using RSI, we can see that RSI (14)...

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Bitcoin Jesus Says Bitcoin Cash Can Skyrocket by 1,000 times

Roger Ver recently went on CNBC’s “Power Lunch” segment where he discussed the recent drop of the leading cryptocurrency. Being quite bullish on the matter, Ver cited the stock market saying in that wise investors should “be greedy when others are fearful, and fearful when others are greedy.”  The former head and figure of Bitcoin.com Roger Ver recently went on CNBC’s “Power Lunch” segment where he discussed the recent drop of the leading cryptocurrency as well as the rest of the market.  Being quite bullish on the matter, Ver cited the stock market saying in that wise investors should “be...

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Sally Ho's Technical Analysis 20 November 2019

Litecoin Litecoin (LTC/USD) gained ground early in today’s Asian session as the pair escalated to the 56.12 area after trading as low as the 54.10 area during yesterday’s European session. Traders continue to have their eyes on the 59.84 level, representing the 38.2% retracement of the 80.26 – 47.22 range and an area that traders tested earlier this week. That level is also right around another important technical level that represents the 38.2% retracement of the more recent 66.19 – 56.09 range.  The pair’s recent spin lower opens up potential downside targets such as the 54.47 and 51.70 areas, representing...

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19 November 2019 BCH/BTC – 4 hourly

In this 4-hourly chart of Bitcoin Cash/ Bitcoin (BCH/BTC), there is an appreciating range from 0.02639 to 0.03337. We can see the price depreciated to the 0.03060 level (identified by the blue up arrow), just below the 0.03704 level, representing the 38.2% retracement of the appreciating range. We can see the price then appreciated to the 0.03139 level. Using RSI, we can see the slope of RSI (14) became less negative on the next bar after the low of 0.03060, indicating a possible trend reversal.  On subsequent bars, the slope of RSI (14) became positive, the slope of RSI Average...

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Sally Ho's Technical Analysis 19 November 2019

Litecoin Litecoin (LTC/USD) fell sharply early in today’s Asian session as the pair reached a low around the 53.89 area steady selling from the 60.04 area during Friday’s North American session.  Many traders noticed that the pair briefly tested and traded as low as the 56.09 area during last Friday’s North American session, an important technical development given the technical significance of the 56.71 area as the 50% retracement of the recent 47.22 – 66.19 range.  The pair’s brief movements below that level opened up potential downside targets such as the 54.47 and 51.70 areas, representing the 61.8% and 76.4%...

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