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Sally Ho's Technical Analysis 9th April 2019

Bitcoin Bitcoin (BTC/USD) took a breather early in the Asian session after traders drove the pair as high as the 5314.59 level. Minor Stops were triggered above the 5300.53 level, representing the 76.4% retracement of the recent move from 5352.50 to 5132.28. During today’s pullback, Bids emerged around the 5215.38 area, just above the 5211.19 area which represents the 76.4% retracement of the wider 5345.00 – 4778.00 range, as noted in our 7 April 2019 analysis. Additional selling pressure may see the 5184.25 level tested again, an area that provided intraday technical Support yesterday. As we noted in our 8...

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How Europe Is Paving The Way For Adoption

The adoption of Bitcoin and cryptocurrency is something that is highly anticipated by almost everyone involved in the industry. Now, it seems that adoption is getting a boost in Slovenia and Croatia with the number of stores that are accepting cryptocurrencies being on the rise. Starting with merchants in one of the largest shopping and entertainment complexes in Europe, Elipay has now been implemented in three hundred stores in Slovenia and has started to expand into Croatia following approval by the nation’s central bank. The adoption of cryptocurrency has been growing at a fast rate in Slovenia. Elipay by the...

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Bitcoin (BTC) Closes Below 50 Week EMA But Shorts Decline Around 20%

The most anticipated event of the week which was the BTC/USD weekly close is now over. The price has just closed below both its 50 Week EMA as well as the 61.8% Fibonacci retracement level. This means that the ongoing weekly candle now has a higher probability of being red and could at least fall towards the 200 Week EMA if not lower. The Stochastic RSI on the weekly time frame shows that Bitcoin (BTC) has not been this overbought since the beginning of the bear market. Even when the price topped in late 2017, the Stochastic RSI was much...

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Rise In Bitcoin Price Could Help Blockchain Real Estate Revolution

A little over one year ago The Keyes Company announced only the third ever Bitcoin real estate transaction in Florida. While the price of Bitcoin was down from the golden era of late 2017, it was still valued at over $10,000 during that month of February when the Florida Bitcoin real estate deal was hitting the headlines. The Miami townhouse eventually sold for $338,878, paid for in cryptocurrency. A new era was dawning, or so we believed. Price fluctuations Although the value of Bitcoin was still at a healthy level, especially looking back today with hindsight, and the price fluctuations...

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Analyst Believes BTC Could Reach $8k In Coming Weeks

Cryptocurrency had an exciting week last week with Bitcoins price going over $5,000. Reports surfaced very quickly covering the news, citing that the bear market was ‘finally over’ and that the ‘bulls are just around the corner’. Whether you believe this or not, Bitcoin still saw a big surge which saw it reach levels on the back of a record-setting influx of buying pressure, with Bitcoin finding itself above $5,000 for the first time since November 2018. Since then, Bitcoin seems to have calmed down a bit but it is still above $5k (at the time of writing). With Bitcoin...

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