Hot Topics

Advertisement

Advertisement

Sally Ho's Technical Analysis 4 June 2019

Bitcoin Bitcoin (BTC/USD) depreciated sharply early in today’s Asian session, declining to the 7700.00 area after being unable to climb above the 8588.66 area during yesterday’s North American session.  Yesterday’s selloff commenced during the Asian session and BTC/USD quickly weakened from the 8695.21 area during yesterday’s European session. Traders tested the 8338.78 area, representing the 76.4% retracement of the move from 9948.12 to 3128.89, and that level eventually gave way, resulting in Stops being elected below the 100-bar MA (4-hourly). Stops were then triggered below the 8087.05 area late in yesterday’s North American session, representing the 61.8% retracement of the...

Read More

Bitcoin (BTC): Healthy Retracement Or Beginning Of The Next Downtrend?

Bitcoin (BTC) started the week in red by declining sharply from $8,740 to $8,356. It is trading close to $8,500 at the moment but the crash made a lot of analysts start talking about the next big crash or the most anticipated downtrend. While we still expect that crash to happen, we believe this rally still has some room to go before the next big downtrend. The recent crash might have trapped in some more bears that would most likely be hunted down by the whales as they run their stops and push the price above $9,000 in the near...

Read More

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...

Read More

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...

Read More

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...

Read More