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BTC/USD Volatile After Pop Above 12000: Sally Ho's Technical Analysis 3 August 2020 BTC

Bitcoin (BTC/USD) remained remained volatile the psychologically-important 11000 figure early in today’s Asian session as traders continued to lick their wounds following the recent sharp move higher to the 12134.29 area and subsequent drastic fall to the 10546.15 area before its recovery back above the 11000 figure.  Stop hunters elected Stops below the 11385.78, 11372.38, 11350.94, 10938.90, 10901.02, 10866.33, and 10569.65 areas during the rapid depreciation. If downside pressure persists, traders will pay close attention to liquidity and Stops around the 10474.65, 10200.39, 10139.11, and 10082.97 levels.  Recently, Stops were elected above the 11761.97 and 11570.81 areas, and traders continue to focus on...

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Bitcoin now accepted by Coca-Cola Amatil vending machines in Australia and New Zealand

Coca-Cola Amatil, a major Asia-Pacific to soft drink bottle and distributor will have its vending machines now accept cryptocurrency for its goods.  The news was announced earlier this week on the 8th of June. Coca-Cola Amatil, a major Asia-Pacific to soft drink bottle and distributor will have its vending machines now accept cryptocurrency for its goods. This all comes following a new deal linked with the digital assets platform Centrapay. The news was announced earlier this week on the 8th of June. Coca-Cola Amatil has a network of more than 2000 vending machines all over New Zealand and Australia. This...

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Things are looking up for Bakkt as it records positive movement for bitcoin futures

One of the main services of Bakkt is its bitcoin futures service for institutional investors who are willing to get involved with the crypto space as a whole.  These bitcoin futures can be used as a measure of what to expect in the near future in the short term when it comes to bitcoin is market price. The once highly hyped up platform of Bakkt has recently reported a new record in its bitcoin futures traded in two days.  Talk about momentum!We beat yesterday's record with 11,706 Bakkt Bitcoin Futures traded today - that's over $125MM of bitcoin — Bakkt...

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A bitcoin ETP is now actively managed on the Swiss SIX exchange

Swiss SIX exchange is now listing a new cryptocurrency exchange-traded product (ETP).  This new trading product will represent an actively managed crypto ETP, trading bitcoin against some of the biggest cryptocurrencies such as Cardano. Swiss SIX exchange is one of the biggest stock platforms in the world and is now listing a new cryptocurrency exchange-traded product (ETP). This new trading product will represent an actively managed crypto ETP, trading bitcoin against some of the biggest alternative cryptocurrencies such as Cardano. It claims to be the world's first actively managed crypto ETP and the product is now listed on the SIX...

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ETH/USD Tests Major 418.79 Level: Sally Ho's Technical Analysis 2 August 2020 ETH

Ethereum (ETH/USD) gave back some recent gains early in today’s North American session as the pair depreciated to the 351.11 area after trading as high as the 415.00 area during the Asian session, its strongest print since August 2018.  Stops were elected above the 366.48 and 369.26 areas during the move higher, and then some accounts hunted for Stops and drove the pair lower to the 325.75 area.   The market tested the 418.79 level, an area that represents the 61.8% retracement of the historical depreciation from 627.83 to 80.60.  Additional upside price objectives include the 425.31, 437.31, and 454.79 areas. ...

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