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BTC/USD Hovering Around 9480.61 Technical Level: Sally Ho's Technical Analysis 17 June 2020 BTC

Bitcoin (BTC/USD) continued to trade around some technical levels early in today’s Asian session as the pair orbited the 9480.61 level, representing the 38.2% retracement of the recent depreciating range from 10428 to 8895.01.  Stops were reached above the 9256.80 level during the pair’s climb higher from recent lows, representing the 23.6% retracement of the same depreciating range, and the next upside retracement level in this depreciating range is the 9661.51 area.  Below current market activity, Stops were recently elected below the 8993.44 area during the pullback, representing the 61.8% retracement of the appreciation from 8106.70 to 10428, and additional ...

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Why Bitcoin Will Plunge Below $3k

Bitcoin (BTC) has climbed back above $9.4k in an aggressive move. It has become very clear now that BTC/USD intends to test the main trend line resistance for the third time just like it did in March before the brutal downtrend started. It is important to realize that the uptrend is already broken at this point. We are just waiting for the downtrend to formally begin now. The bulls have lost control but the market makers and whales are not on the side of the bears yet. In fact, they want to shake out some impatient bears before the downtrend...

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Andreas Antonopoulos talks on limitations of bitcoin and how the lightning network could be a solution

  Andreas Antonopoulos recently spoke on the limitation of crypto currencies such as bitcoin when it comes to everyday payments.  He highlighted that for many people, crypto is an answer that is still not fully equipped to handle every day requirements such as recurring payments. The well-known bitcoin advocate, Andreas Antonopoulos recently spoke on the limitation of crypto currencies such as bitcoin when it comes to everyday payments. He highlighted that’s for many people, crypto is an answer to that is still not fully equipped to handle every day requirements such as recurring payments, subscriptions and just your morning cup...

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Bitcoins place in socio-economic issues

Over the course of 2020, there have been a lot of unexpected events to occur throughout the world.  But even though the severity of COVID-19 has had such an impact on our lives, the emergence of the black lives matter movement Has arisen in its ashes. Over the course of 2020, there have been a lot of unexpected events to occur throughout the world. COVID-19 being one of the biggest things to happen this year and potentially this decade. But even though the severity of COVID-19 has had such an impact on our lives, the emergence of the black lives...

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Is BTC/USD 8695 Back in Jeopardy? Sally Ho's Technical Analysis 16 June 2020 BTC

Bitcoin (BTC/USD) extended its recent weakness early in today’s Asian session as the pair remained pressured around the 9000 figure after trading as low as the 8895.01 area during yesterday’s European session.  Stops were elected below the 8993.44 area during the pullback, representing the 61.8% retracement of the appreciation from 8106.70 to 10428.  More Stops were triggered below the 8910.70 area, an upside price objective related to buying pressure that emerged around the 6456 area in April, after Stops were reached below the 9028.89 area, an upside price objective related to buying pressure the originated around the 3858 area.  Additional...

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