Today's Hot Topics


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...

Read More

How The First BCH Halving Will Damage Its Security

Since it’s launch in 2017, Bitcoin Cash has got its own community but it still hasn’t got that wide-use when compared to say, Bitcoin or Ripple’s XRP. Aside from a brief bubble around the time of the hard fork, there hasn’t been a lot going on the Bitcoin Cash network. Despite being a top ten cryptocurrency, it seems pretty dead on the system. There might be more problems around the corner as the first halving of Bitcoin Cash is scheduled for about a year from now. This will have a side effect of weakening the security of the network. For...

Read More

Sally Ho's Technical Analysis 4th April 2019

Bitcoin Bitcoin (BTC/USD) reached a key upside price objective early in the Asian session when 5265.70 was reached, representing the 50% retracement of the 7402.50 – 3128.89 range. Stops were triggered and pushed the pair as high as the 5345.00 figure before profit-taking knocked the pair lower to the 4787.11 level, just above the 4761.41 area, representing the 38.2% retracement of the same range. Today’s intraday high represents BTC/USD’s Highest level since 19 November 2018. Chartists are eyeing the 5403.82 level, representing the 61.8% retracement of the 6810.00 – 3128.89 range. Technical Support is expected around 4393.64/ 4137.46/ 3997.63 with...

Read More

Sally Ho's Technical Analysis 28th March 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains during today’s Asian session as the pair got as high as the 4035.80 level, after absorbing technical Resistance around the 4009.52 area, representing the 76.4% retracement of the 4056.33 – 3858.00 range. Price activity is now trading above 50-bar MA, 100-bar MA, and 200-bar MA on both Hourly and 4-Hourly charts. As noted in our 27 March 2019 analysis, traders tested the 3984.88 level without much resistance and are working to establish a base above the key technical level, representing the 61.8% retracement of the move from 4188.79 – 3655.00. Technical Support is expected...

Read More

BTC & BCH Payments Removed From Twitch

One thing you might not know is that the popular live video streaming platform, Twitch is actually owned by Amazon. The streaming platform has recently removed the Bitcoin and Bitcoin Cash options for payment methods for subscriptions. The news of Twitch getting rid of these two cryptocurrencies on the platform got many people thinking of whether digital assets, as a form of payment, is going through a rough patch or if this was just a one-off move from Twitch. Ditching Twitch So, Twitch has decided to remove Bitcoin and Bitcoin Cash payments from their platform although they did it very...

Read More