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Sally Ho's Technical Analysis 7 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair escalated to the 7570.32 area after Bids emerged around the 7305.75 area during yesterday’s European session.  Notably, the move higher has coincided with the 50-bar MA (4-hourly) Bullishly crossing above the 100-bar MA (4-hourly), a technical development that could lead to additional price appreciation.  Chartists are waiting to see if the pair can build a constructive base around the 7473.42 area, representing the 23.6% retracement of the 9948.12 – 3128.89 range. The pair has steadily weakened after plateauing around the 10540.49 area in late October, including a move...

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Bitcoin Bulls All Set To Charge Ahead

Way before when the falling wedge that we now see on the BTC/USD chart was a thing, we discussed in one of our video analyses from last month that people are going to gradually start talking about it and it will become common sight to see traders posting about it. That has finally happened and even though some think the falling wedge has yet to be broken, we believe that has already been broken and tested as support. The price is now ready to rally higher soon as it breaks out of the symmetrical triangle. This triangle now has just...

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Major Bitcoin (BTC) Breakout Is Just Around The Corner

A major Bitcoin (BTC) breakout is just around the corner as we can see on 30 min chart for BTC/USD. This breakout is likely to push the price towards the top of the ascending triangle. If this weekend is as inconsequential as the last few weeks then we might see a subsequent decline down to the bottom of the ascending triangle over the weekend partly erasing a potential bullish move. The rationale behind this is that EUR/USD is currently the major driving force behind Bitcoin (BTC).  Cryptocurrency trading is dominated by whales for the most part at this point in...

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What Is Bitcoin Forking

Forking is basically updating a software. All of us update software and apps in our mobiles every now and then. This Updating simply means changes in a better way. Why Bitcoin Forking Needed We all know that for Bitcoin transactions to complete we need confirmation from 6 nodes. Currently there are approx 300,000 bitcoin transactions per day. This comes out to be approx 3.5 in a second. Against this visa credit card handles 1667 and pay pal 193 transactions per second as per 2016 data. As awareness of Bitcoin is going up how do we ensure timely confirmation from nodes....

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Bitcoin Naysayer Put In Charge Of Overseeing SEC - Is There Still Hope?

Brad Sherman, has just been elected to take the helm as the Chairman of the Subcommittee on Investor Protection. Maxine Waters revealed that Sherman was elected to take up his new position that is also in charge of the SEC. Not all hope is lost following Sherman’s newly appointed position... Brad Sherman, the well known United States Congressman who is against bitcoin and all things crypto, has just his week been elected to take the helm as the Chairman of the Subcommittee on Investor Protection, Entrepreneurship and Capital Markets. On December 5th, Maxine Waters, Chairwoman of the House Financial Services...

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