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BTC/USD Tests 12060 Technical Resistance: Sally Ho's Technical Analysis 20 October 2020 BTC

Bitcoin (BTC/USD) gave back some gains in today’s North American session as the pair receded to the 11908.49 area after trading as high as the 12050 area earlier in the North American session, a test of the 12060.06 area that represents the 61.8% retracement of the depreciating range from 12486.61 to 11370.00.  The 11700.40 area emerged as important technical support during the Asian session, right around the 23.6% retracement of the recent depreciating range from 11833 to 11659.44.  Stops were elected above the some key technical levels during the acute move higher including the 11928.31, 11957.97, and 11992.15 areas.  Above current price...

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Five DeFi Projects to Harness the Value of Your Bitcoin 

It’s hard to believe how far DeFi has come in such a short time. A year ago, as total value locked hovered around the $600 million mark, hitting the $1 billion milestone seemed ambitious. Now, the next big milestone is $12 billion.  However, it’s fair to say that Ethereum-based DeFi has caused the lion’s share of the hype throughout this meteoric rise. But amid the ongoing saga of the Ethereum 2.0 upgrade, other blockchains are starting to muscle in on the act. This year has seen the launch of Polkadot and Binance Smart Chain - both hot new platforms for...

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The advantages offered when trading Bitcoin

If you have been trading more traditional markets, or even betting on the price action of precious metals, you might be hesitant to get into Bitcoin. The popular cryptocurrency is more volatile than any other investment option and not many people feel confident enough to delve into it, especially with a price that has seemingly recovered from its 2018 lows. While you may choose to buy Bitcoin in UK or any other continent (after all, Bitcoin is permissionless), trading it is a whole different category. And there are many benefits to it that we will briefly discuss in the post...

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Wealthy Rothschilds family buy into bitcoin

Quick take 1 minute read 27 bitcoins have been bought by the Rothschild investment Corporation recently in a stock form through Grayscale’s GBTC.  According to reports, they are allegedly holding $1.4 billion worth of assets with $235,000 of it now being acquired in the leading cryptocurrency. 27 bitcoins have been bought by the Rothschild investment Corporation recently in a stock form through Grayscale’s GBTC. According to reports, they are allegedly holding $1.4 billion worth of assets with $235,000 of it now being acquired in the leading cryptocurrency. This makes them potentially the biggest banking institution in the world to purchase...

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BTC/USD Eyeing 12000 if 11736.02 Absorbed: Sally Ho's Technical Analysis 19 October 2020 BTC

Bitcoin (BTC/USD) appreciated sharply early in today’s North American session as the pair traded as high as the 11679.96 level after trading as low as the 11408.52 area during the Asian session.  Stops were elected above the 11531.64, 11609.76, and 11621.53 areas during the ascent, retracement levels related to the recent depreciation from 11736.02 to 11201.00.  Above current price activity, upside price objectives include the 11707.73, 11858.19, 11992.15, 12112.97, 12173.80, and 12348.26 levels.  Traders continue to carefully monitor market demand around the 11282.19 area, representing the 23.6% retracement of the appreciating range from 9813.00 to 11736.02.  Additional retracement levels in this depreciating...

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