Hot Topics

Advertisement

Advertisement

Sally Ho's Technical Analysis 30 June 2019

Bitcoin Bitcoin (BTC/USD) gained ground early in today’s Asian session as traders pushed the pair to the 12,262.92 level, its strongest showing since the sell-off that started during yesterday’s Asian session around the 12,444.77 level.  Stops were elected above the 12,153.09 area early in yesterday’s North American session, representing the 23.6% retracement of the move from 6,600 to 13,868.44. Early in yesterday’s European session, traders pushed the pair lower and tested Bids around the 11,318.94 level, just above the 50-bar MA (4-hourly). Above current market activity, the 12,494.99 area is an upside price objective, representing the 23.6% retracement of the...

Read More

Bitcoin (BTC) Might Still Shoot Above $12,500 Before Beginning Its Downtrend

Bitcoin (BTC) still has plenty of room to rally now that it has cooled off after the recent crash. The 1H chart for BTC/USD shows that the price has found strong support atop the 38.2% fib retracement level. Furthermore, it is trading in an ascending triangle which could also break to the upside pushing Bitcoin (BTC) towards $12,500 or even higher levels before it tops out. It has become very tempting to go short on Bitcoin (BTC) after the recent crash. Big moves to the downside like the one we saw recently have a strong way of changing hearts and...

Read More

Bitcoin Whales & Bitcoin Dolphins: What Exactly Are They?

Depending on how new you are to the crypto space, you will have most likely heard about Crypto whales.  But this article is mainly for those who are unsure of what whales and dolphins are. No, not the actual sea creatures but Bitcoin whales and Bitcoin dolphins.  The term ‘whale’ is mainly used to describe the big money players in the crypto space. Using the ocean as a metaphor is quite a fitting one for such a diverse industry.  Whales BTC whales are the biggest players such as Hedge Funds and Bitcoin Investment Funds. Some of these funds have made...

Read More

Sally Ho's Technical Analysis 29 June 2019

Bitcoin Bitcoin (BTC/USD) was pressured lower early in today’s Asian session as the pair fell to the 11,715 area after being capped around the 12,100 area during yesterday’s European session. BTC/USD moved steadily higher from the 10,300 level starting in yesterday’s Asian session, eventually triggering Stops above the 11,663.14 area that represents the 38.2% retracement of the 13,868.44 – 10,300.00 range. The pair came off after testing the 12,084.22 level, representing the 50% retracement of the same range. Additional upside targets related to the same range include the 12,505.30 and 13,026.29 areas. Another important level is the 12,367.56 area, representing...

Read More

Novogratz: If You Were Perfect, You’d Have Sold A Whole Bunch Of BTC Before The Crash”

Just after breaching the $12k mark, Bitcoin has experienced a flash crash during a correction that many had expected. Despite the loss in value, the billionaire investor and CEO of Galaxy Digital, Mike Novogratz has explained his strategy in the current market state and it turns out he is still long on Bitcoin.  In an interview on CNBC’s Squawk Box earlier this week, Novogratz said he sold some of his Bitcoin during the $13,800 surge and said that he wishes he sold a lot more. According to the veteran trader, Bitcoin at $4k is a thing of the past, he...

Read More