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Sally Ho's Technical Analysis 17 September 2019

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session but only after the pair jumped sharply higher late in yesterday’s Asian session as a result of aggressive buying that saw the pair lifted to the 10355.03 area after Bids emerged around the 10068.42 level.  Minor Stops were reached above the 10347.33 area, representing the 76.4% retracement of the 10433.49 – 10068.42 area. Notably, the 50-bar MA (hourly), 100-bar MA (hourly), and 200-bar MA (hourly) have nearly converged, indicating the markets are uncertain about short-term sentiment following a drastic depreciation below the 10095.00 area during yesterday’s European session. Likewise, the 50-bar...

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Bitcoin (BTC) Breaks Below Symmetrical Triangle Amid Extreme Bullish Euphoria

Bitcoin (BTC) has crashed hard below the symmetrical triangle after days of indecision. In the past 24 hours, investors were hoping it would break to the upside. Ethereum (ETH) made some big moves to the upside and a lot of traders expected Bitcoin (BTC) to do the same. However, to their disappointment the price has done the inevitable and crashed below the symmetrical triangle. This crash is significant but not as significant as what it denotes. This has finally shown us how the large symmetrical triangle that a lot of bulls are hoping to break to the upside to lead...

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White House Ban E-Cigarettes, Is Bitcoin Next?

The Trump administration is getting ever closer to banning bitcoin as they just prepared an executive order to ban flavoured e-cigarettes over health concerns. This comes as the community worries about the potential of Trump’s administration banning bitcoin altogether. The long-time industry expert and Fundstrat head, Tom Lee has said that this unexpected ban on e-cigarettes is just a stepping stone for what Trump could ban next. I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including...

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Bitcoin (BTC) Primed For A Big Move From Here

Bitcoin (BTC) has been trading sideways for the most part throughout the weekend. Ethereum (ETH) on the other hand has been making big moves to the surprise of most bears. This led some into thinking that it might be the beginning of a bull market until recently when the price ran into a strong resistance around the $194.55 and faced a strong rejection. Looking at the BTC/USD chart, we can see that it has been trading sideways for the most part for the past 24 hours. It is likely that we will see a sharp move soon but before that...

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Is Bitcoin Legal In The US? Cryptocurrency Regulations Trends | Crypto-Geography - Part 1

Crypto has become an integral part of the global economy. In the world with internet and electricity, decentralized digital currency cannot be easily censored, like it or not. Read on to find out about crypto regulations in different states of America, blockchain-based businesses and the US government’s attitude to cryptocurrency. And be sure to check out the first part of our running series exploring the crypto regulatory landscape in different places around the world.  Cryptocurrency Regulations & the Economic Situation in the USA Even Wikipedia can tell that crypto is legal not in every state of America. But the situation...

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