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Sally Ho's Technical Analysis 27 April 2019

Bitcoin Bitcoin (BTC/USD) gained ground early in today’s Asian session and continued to orbit a key technical level around 5176.07, representing the 38.2% retracement of the move from 8488.00 to 3128.89. Yesterday, the pair drifted lower during the European and North American sessions, eventually trading as low as the 5041.14 area before reclaiming some lost ground. BTC/USD has a variety of upside challenges it may encounter including the 100-bar MA (4-hourly) at 5240.22 and the 50-bar MA (hourly) at 5340.04. The 5265.70 level is technical Resistance as well, representing the 50% retracement of the 7402.50 to 3128.90 range. Other key...

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Sally Ho's Technical Analysis 26 April 2019

Bitcoin Bitcoin (BTC/USD) managed to reclaim a little bit of lost ground in today’s Asian session as traders continued to lift the pair from yesterday’s intraday low of 4963.00 following the sharp and rapid sell-off.  Traders pushed the pair higher to the 5295.03 level during the Asian session before some profit-taking emerged and technical accounts probed demand around some key levels that we have highlighted for weeks. The rapid plunge during yesterday’s North American session started when the pair tested the 5512.12 level, around the 50% retracement of the move from 5650.01 to 5374.00. Chunky Stops were triggered during the...

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Sally Ho's Technical Analysis 25 April 2019

Bitcoin Bitcoin (BTC/USD) moved higher early in today’s Asian session as the pair reached the 5454.01 level after being pressured lower during yesterday’s North American session. The pair encountered strong technical Resistance yesterday around the 5488 and 5472 levels, right around the 38.2% retracement of the move from 5213.34 to 5650.01. During the move higher during today’s Asian session, the pair found some technical Bids around the 5436 area, just above the 50% retracement of the same range. Additional upside targets include 5483.20/ 5546.96, both of which are key upside retracement levels related to the same range. BTC/USD will also...

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Sally Ho's Technical Analysis 24 April 2019

Bitcoin Bitcoin (BTC/USD) gave back some of yesterday’s strong gains during today’s Asian session, trading as low as the 5483.07 level, a key technical area that is right around the 38.2% retracement of the recent move from 5213.34 to 5650.01. The pair traded as high as the 5650.01 level yesterday, the pair’s strongest print since 18 November 2018. During the Asian session, BTC/USD moved back to the 5566.54 area, representing the 50% retracement of yesterday’s high through today’s intraday low. Upside targets related to this range include 5586.24/ 5610.61.  Chartists are waiting to see how the pair trades around the...

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Sally Ho's Technical Analysis 23 April 2019

Bitcoin Bitcoin (BTC/USD) gained additional ground during today’s Asian session, trading as high as the 5430.00 level after trading as high as the 5440.84 area during yesterday’s North American session. Today’s intraday low is 5353.71, right around the 76.4% retracement of the move from 5488.00 to 4901.99 and an area that we spotlighted in our 22 April 2019 analysis. Traders are waiting to see if the pair can remain above the 5403.82 level, an area we have discussed extensively that represents the 61.8% retracement of the 6810.00 – 3128.89 range. BTC/USD is now at its highest level since 10 April...

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