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Sally Ho's Technical Analysis 7 May 2019

Bitcoin Bitcoin (BTC/USD) found some buying pressure early in today’s Asian session as the pair moved back to the 5750.00 level after declining to the 5651.00 area during yesterday’s North American session. Earlier in the North American session, the pair got as high as the 5753.66 level before spinning lower, a level that is right around the 23.6% retracement of the 5520.00 – 5831.39 range. Notably, BTC/USD was supported above the 5650.01 area during the brief pullback, previously a relative high dating to 23 April 2019. A move back above recent highs will spotlight the 5808.45 area, representing the 50%...

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Sally Ho's Technical Analysis 6 May 2019

Bitcoin Bitcoin (BTC/USD) reversed course and found some buying pressure during today’s Asian session with the pair climbing higher to the 5782.22 level after drifting sideways during yesterday’s European and North American sessions. Today’s intraday high was right around the 76.4% retracement of the move from 5831.39 to 5627.35 and a break above this area will open up the 5808.45 level, representing the 50% retracement of the 8488.00 – 3128.89 range. Yesterday’s pullback in BTC/USD saw the market move lower around the area that represents the 38.2% retracement of the move from 5265.61 to 5846.88. If the market is able...

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Sally Ho's Technical Analysis 5 May 2019

Bitcoin Bitcoin (BTC/USD) appreciated sharply during today’s Asian session as the pair traded as high as the 5846.88 level, its strongest print since 14 November 2018. During yesterday’s European and North American sessions, the 5650.01 area was supportive, representing a previous relative high from 23 April 2019, and Stops were triggered yesterday once the market moved below this area. Stops were also elected below the 5593.97 area, representing the 38.2% retracement of the 5265.61 – 5796.93 area, with additional Stops reached below the 5531.27 area. An upside target that was have talked extensively about was reached during the ascent higher...

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Sally Ho's Technical Analysis 2 May 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains by testing Offers around the 5330.00 figure following a pullback from yesterday’s daily high of 5358.39, its strongest showing since 25 April 2019. Before the move to yesterday’s daily high, Bids emerged right around the 50% retracement of the 4901.99 – 5650.01 range, and then following the yesterday’s daily high Bids emerged right around the 23.6% retracement of the move from 5072.01 to 5358.39.  The Bids that have emerged at technical levels during the past two days suggest BTC/USD could be poised to appreciate further. Notably, the 100-bar MA (4-hourly) just crossed above the...

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Sally Ho's Technical Analysis 1 May 2019

Bitcoin Bitcoin (BTC/USD) gained decent ground during today’s Asian session, trading as high as the 5329.80 level after demand surfaced around the 5225.55 area, right around the 38.2% retracement of the move from 5650.01 to 4963.00. Clues emerged early in yesterday’s North American session to suggest the pair would appreciate as Bids emerged at 5187.00 on a pullback, right around the 61.8% retracement of the move from 4901.99 to 5650.01. Some Stops were then elected above the 5251.55 area, then the 100-bar MA (4-hourly) before Bids were seen around the aforementioned 5225 area. Additional Stops were then triggered above the...

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