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Bitcoin (BTC) Fakeout Or Trend Reversal?

Bitcoin (BTC) has finally begun its decline after falling back into the descending channel. Earlier it staged a fake out by shooting past the descending channel but it ended up declining back into the channel before the end of the day. Now, it has retraced below the 21 EMA on the 4H chart and is likely to decline further. This fake out that we have seen recently is nothing out of the blue. We have seen such fake outs before at turning point. The most recent one was a fake out to the downside which misled investors into thinking that...

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Sally Ho's Technical Analysis 27 August 2019

Bitcoin Bitcoin (BTC/USD) consolidated recent gains early in today’s Asian session as the pair continued to orbit the 10,367.06 area, an important level that represents the 38.2% retracement of the move from 4,702.53 to 13,868.44.  Stops were reached early in yesterday’s Asian session when the pair moved sharply above this level but intraday gains could not be sustained, and the pair fell back as low as the 10,168.59 area during the pullback.  During the rapid climb higher, the pair reached some Stops above the 10,638.50 level, representing the 50% retracement of the move from 7,427.00 to 13,850.00. This range is...

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How To Win Big With Bitcoin Part 2

Earlier, we published an article that aimed to explore how you can win big with Bitcoin. Indeed, this is a question that all of us ask every day, how can I win big with Bitcoin? We have all seen plenty of people turn over millions with cryptocurrency investment, so, why am I lagging behind? We want to explore exactly what it takes to win big with Bitcoin, first though there’s a few key points to remember as we highlighted in our earlier article: “This is a very complicated area and in all honesty, there’s no way one can guarantee a...

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Bitcoin (BTC) Is Waiting On EUR/USD For Its Next Big Move

Bitcoin (BTC) made a big move to the upside after yesterday’s close that gave investors the false idea that the price had broken out of the symmetrical triangle and the descending channel both. However, it was nothing more than a fake out as the price fell back inside the descending channel erasing most of its gains. The bulls and bears are heavily divided here because this a major turning point. If the price goes up from here, the bearish resolve will be seriously weakened. On the other hand, if the price falls down from here that will be game over...

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How To Win Big With Bitcoin Part 1

The question we all want an answer too, how do I win big with Bitcoin? We’re going to explore some of the investment methods that can be used to help you benefit from the uncertainty of the cryptocurrency markets.Overall, it is possible to win big with Bitcoin, in fact we have seen tonnes of people become actual millionaires because of Bitcoin, so, why can’t we all do it? Granted, this is a very complicated area and in all honesty, there’s no way one can guarantee a win with Bitcoin, or any cryptocurrency, or any investment for that matter. Overall, investment...

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