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Sally Ho's Technical Analysis 3 June 2019

Bitcoin Bitcoin (BTC/USD) reversed course and moved higher early in today’s Asian session, trading as high as the 8760.00 area after trading as low as the 8610.26 area during yesterday’s North American session. Notably, yesterday’s daily high was around the 8834.00 level, just above the 76.4% retracement of the move from 9090.00 to 7972.00. Early in today’s Asian session, buying demand emerged just below the 61.8% retracement of the same range. Technically, the pair needs to establish a base above the 8707.00 area if it is going to sustain some upside gains, representing the 23.6% retracement of the move from...

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Bexplus, The Best Bitcoin Futures Platform For You

In 2017, the Bitcoin market runs into a great period. The Bitcoin price has risen from the price of $963 to the top at $19000, the rising rate is around 2000%. Indeed, the ICO and Altcoins market even more crazy. The rising rate is unbelievable 10000%. Undoubtedly, Bitcoin is the most profitable and popular asset of the world in the year of 2017. However, a great situation is not last long. The Bitcoin price started to decline after Dec.15th, 2018 and the market turns to the bear market. The crypto winter did not stop blowing until last month. From May...

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Bitcoin (BTC) Is Running Out Of Room To Rally, Price Primed For Another Crash

Bitcoin (BTC) has rallied incredibly over the past few weeks making gains at a pace that not even the most optimistic of bulls expected at this point. However, most traders are beginning to realize now that the price is running out of room to rally further. In fact, BTC/USD seems to have begun another rally after breaking out of the ascending triangle, but this rally does not have room to go much higher. It might be enough to see the price touch the 38.2% fib retracement from ATH which comes down to around $9,587. The price action appears very weak...

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What You Should Know About The Origins Of Bitcoin

You probably think you know a lot about Bitcoin, you know what it is, you sort of know how it works and you certainly know what it’s worth, or at least, you know what your Bitcoin is worth,ask yourself this question though, how much do you know about Bitcoins origins and where all of this actually came from? The birth of Bitcoin is often debated, though many believe that Bitcoin came from the mysterious Satoshi Nakamoto, the father of the blockchain. The identity of Nakamoto is of course unknown, they could be a man, a woman, a child, or even...

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Sally Ho's Technical Analysis 2 June 2019

Bitcoin Bitcoin (BTC/USD) continued its move higher early in today’s Asian session as the pair traded as high as the 8609.29 area with its sights set on the 8662.92 area, representing the 61.8% retracement of the move from 9090.00 to 7972.00.  During yesterday’s North American session, the pair tested the 8470.05 area, representing the 38.2% retracement of the move from 7467.10 to 9090.00. That level was also just above the 50-bar MA (4-hourly), levels that BTC/USD has remained above since Friday. Some technical clues emerged late in yesterday’s North American session when the pair found experienced buying pressure around the...

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