Hot Topics

Advertisement

Advertisement

BTC/USD Tests 11780.42 Then Retraces Gains Lower: Sally Ho's Technical Analysis 1 September 2020 BTC

Bitcoin (BTC/USD) tried to sustain recent multi-day highs early in today’s Asian session as traders continued to push the pair closer to the 11800 area after pushing the pair as high as the 11784.66 area during yesterday’s North American session, a test of the 11794.67 area that represents the 50% retracement of the recent depreciation from 12486.61 to 11102.73.  Additional retracement levels in this depreciating range include 11957.97, 12160.01, and 12190.46.   Notably, the 11631.37 area represents the 38.2% retracement of the recent depreciation from 12486.61 to 11102.73, and traders are interested to see if BTC/USD can establish momentum above this level.   During...

Read More

Why more companies are betting on bitcoin as a worthy reserve asset

MicroStrategy, a $1 billion financial services company, recently decided to shift half of its stockpile of reserve cash into the leading cryptocurrency. To that end, the Ottawa based graphics software company, Snappa has done the same.  MicroStrategy, a $1 billion financial services company, recently decided to shift half of its stockpile of reserve cash into the leading cryptocurrency. To that end, the Ottawa based graphics software company, Snappa has done the same. This promising company announced recently that it will move a large portion of its reserve into bitcoin just like MicroStrategy did. Chris Gimmer, the co-founder of the company...

Read More

BTC/USD Showing a Spark on Drive to 12000: Sally Ho's Technical Analysis 31 August 2020 BTC

Bitcoin (BTC/USD) attempted to maintain its upward momentum early in today’s Asian session as traders continued to buy on dips above the 11000 figure and attempt to establish a base above the 11548.24 area, representing the 61.8% retracement of the recent depreciation from 11823.62 to 11102.73.  Traders recently tested the 11648.05 area during the pair’s appreciation, representing the 38.2% retracement of the recent appreciation from 8055.91 to 13868.44.  Notably, the 11631.37 area represents the 38.2% retracement of the recent depreciation from 12486.61 to 11102.73, and traders are interested to see if BTC/USD can establish momentum above this level.  During the pair’s recent...

Read More

Reaching the media: Hong Kong newspaper prints full-page advertisement on BTC

The Apple Daily, a local newspaper in Hong Kong just recently had a full-page advertisement dedicated to the leading Cryptocurrency.  The Independent media offering just recently saw its chief executive officer, arrested earlier this month on the 10th of August.  The Apple Daily, a local newspaper in Hong Kong just recently had a full-page advertisement dedicated to the leading Cryptocurrency. Translated, the advertisement reads that, “Banks, today you’re not ditching me, I’m ditching you.” The advertisement further went on to discuss how bitcoin can’t be shut down or controlled by a higher entity such as governments or an institutional company. ...

Read More

11429.33 Emerges as an Important BTC/USD Level: Sally Ho's Technical Analysis 30 August 2020 BTC

Bitcoin (BTC/USD) continued to orbit some key technical levels early in today’s Asian session as traders waited to see if the pair can reclaim the 11631.37 area, representing the 38.2% retracement of the recent depreciation from 12486.61 to 11102.73.  Traders pushed BTC/USD as high as the 11580 area during yesterday’s European session before profit-taking pushed the pair lower to the 11422.21 area during yesterday’s North American session.  During the pair’s recent pullback from multi-month highs, Stops were elected below the 11642.05, 11603.11, 11560.28, 11533.61, 11516.38, and 11442.52 areas, levels related to the pair’s appreciation to the 12486.61 area.  After the depreciation of...

Read More