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Sally Ho's Technical Analysis 10th April

Bitcoin Bitcoin (BTC/USD) continued to trade extremely technically but was generally confined to a relatively tight range, with volatility accounts awaiting the pair’s next clues. Technical Resistance has kept BTC/USD on the defensive around 5242.39, representing the 50% retracement of the 5352.50 – 5132.28 range. That level is being challenged early in today’s Asian session with chartists eyeing the 5268.38 and 5300.53 levels as next upside targets. As we noted in our 8 April 2019 analysis, chartists and technicians are interested to see if the 5244.04 and 5176.07 levels can become technically constructive. The 5265.70 level continues to be a...

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Sally Ho's Technical Analysis 9th April 2019

Bitcoin Bitcoin (BTC/USD) took a breather early in the Asian session after traders drove the pair as high as the 5314.59 level. Minor Stops were triggered above the 5300.53 level, representing the 76.4% retracement of the recent move from 5352.50 to 5132.28. During today’s pullback, Bids emerged around the 5215.38 area, just above the 5211.19 area which represents the 76.4% retracement of the wider 5345.00 – 4778.00 range, as noted in our 7 April 2019 analysis. Additional selling pressure may see the 5184.25 level tested again, an area that provided intraday technical Support yesterday. As we noted in our 8...

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Bitcoin Cash (BCH) Price More Than Doubled During The Recent Pumps

Bitcoin Cash (BCH) has been one of the biggest beneficiaries of the recent pumps as BCH/USD has more than doubled in the past seven days. Why would a cryptocurrency like Bitcoin Cash (BCH) pump that much when nothing has changed? There are reports that claim that Bitcoin Cash (BCH) halvening could lead to major security issues in the network. Bitmain, one of the largest mining companies is having a serious problem getting rid of its Bitcoin Cash (BCH) holdings. So why then is the price pumping so hard? Well, to put it plainly, precisely for the reasons that we just...

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Sally Ho's Technical Analysis 8th April

Bitcoin Bitcoin (BTC/USD) extended its recent surge higher, testing the 5352.50 level early in the Asian session before profit-taking emerged after the pair reached its highest level since 19 November 2018. Trading over the past several days has been very technically-driven. As noted in our 7 April 2019 analysis, the 5244.04 area remains a key technical level, representing the 50% retracement of the 7402.50 – 3128.89 range, and traders were able to elect Stops above this area. During the pullback, Bids emerged just below the 5176.07 area, representing the 38.2% retracement of the 8488.00 – 3128.89 range, a key level...

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Sally Ho's Technical Analysis 7th April 2019

Bitcoin (BTC/USD) pushed higher during yesterday’s European session before weaker Longs exited their trades early in today’s Asian session.  BTC/USD reached 5244.04 before coming off, representing the 50% retracement of the 7402.50 – 3128.89 range. During the pullback, traders tested the 5176.07 level, representing the 38.2% retracement of the 8488.00 – 3128.89 range. Bids emerged just ahead of the 4911.81 area, representing the 23.6% retracement of the move from 5345.00 – 4778.00 range. Additional Buying pressure will spotlight key upside price objectives including 5733.84/ 5941.26/ 6393.93. Price activity is nearest the 50-bar MA (4-hourly) at 4602.00 and the 50-bar MA...

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