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Sally Ho's Technical Analysis 22 March 2020 BTC ETH

Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session as the pair escalated higher to the 6274.32 area after encountering upward buying pressure around the 5851.00 level during yesterday’s European session.  Notably, the 6274.32 area was just below some upside price objectives related to the 3858.00 and 4432.30 areas, along with downside price objectives related to the 6990.00 area. The pair peaked around the 6384.60 level during yesterday’s Asian session before depreciating.  Traders continue to experience very volatile market conditions, rendering its quite challenging to determine market sentiment and a reliable trading bias.  After opening the month around the...

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Sally Ho's Technical Analysis 21 March 2020 BTC ETH

Bitcoin (BTC/USD) came off early in today’s Asian session as the pair depreciated to the 6343.30 level during yesterday’s North American session after trading as high as the 6990.00 area during yesterday’s North American session.  Upward price momentum had been decent since the pair was lifted from the 5001.00 area during Wednesday’s North American session and the pair traded as high as the 6990.00 area during Thursday’s North American session.  Stops were elected above the 6055.23 area during the recent ascent higher, an upside price objective related to buying pressure that emerged around the 5001.00 level.  Additional Stops were reached...

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Bitcoin Might Be Bluffing 

Bitcoin seems to have sparked retail buying interest in the market again after the recent ‘bullishness’. This is a movie that we have watched over and over but for some reason so many people in this market tend to think it could end differently this time. Just last year, we saw a 43% pump culminate in a major crash that followed soon after. The same is very likely to happen this time but this is not what the mainstream crypto media wants you to know. They want to make you believe that the market is ready to begin a new...

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Sally Ho's Technical Analysis 20 March 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 6361.00 level, its strongest level since 12 March, as traders elected Stops above the 5787.42 area during yesterday’s North American session, an upside price objective related to buying pressure that emerged around the 3858.00 area last week.  Additional Stops were triggered above the 5980, 6053, and 6122 areas during the move higher, and traders are waiting to see if another upside price objective around the 6383 area will be tested.  Above that area, traders are observing upside price objectives around the 6481 and 6572...

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Where Will Bitcoin Flourish?

Asia & United State are the true leaders for Crypto Japan has been involved in a number of cryptocurrency blunders Internationally there’s a race on to become the capital of the cryptocurrency world. Many cities and many countries all want to become a hotspot for the production of cryptocurrency and blockchain based products. So, we want to explore which country will be the first to actually claim the title of the Bitcoin capital of the world?  This is something we have touched upon in the past, a couple of months ago in one post, we discussed how important both Japan...

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