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Sally Ho's Technical Analysis 11 May 2019

Bitcoin Bitcoin (BTC/USD) established a new multi-month high during yesterday’s North American session, peaking at 6430.00 before some profit-taking ensued during today’s Asian session. As we have noted in recent analyses, there was not much technical Resistance between the psychologically-important 6000 figure and the 6393 area, above which significant Stops were elected. The market stopped just short of testing the 6440 area, representing the 61.8% retracement of the 8488.00 – 3128.89 range. Yesterday’s high is the pair’s strongest showing since 8 November 2018. Another major upside target for BTC/USD is 6538.51, representing the 50% retracement of the 9948.12 – 3128.89...

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Ripple (XRP): Here’s What It Would Take For The Bulls To Return

Ripple (XRP) is trading below a critical trend line support now and the price has already tested it as resistance. This coupled with the fact that XRP/USD is already trading within a descending triangle has raised some red flags. Ripple (XRP) is one of the few large cryptocurrencies that investors worry could take the whole market down with it. As BTC/USD nears a potential downtrend, investors are looking for a black swan event that could trigger the next sell-off. We have seen the recent Binance exchange hack do little to affect the enthusiasm of overly excited bulls. Maybe something like...

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PayPal Steps Back From Crypto Sector

You will most likely have heard of PayPal. Founded in 1998 by Elon Musk, Peter Thiel, Max Levchin, Ken Howery, Luke Nosek, and Yu Pan, the American giant operates on a global scale and supports online money transfers and serves as an electronic alternative to traditional paper methods like money order and cheques. The Chief Financial Officer of PayPal has said that the payments giant is a bit skittish about getting involved with the cryptocurrency space as he said in an interview with Yahoo Finance earlier this week. Whilst discussing the future of PayPal, the CFO John Rainey highlighted that...

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Want to Become a Master in Gambling or ESports?

The forward-thinking Macau Government approved a Master’s Degree in Business Management with a specialisation in Gambling Management.  This is a prime example of a country addressing the training needs of the local population which will produce a growing number of professionals able to enter the gaming industry at a senior level. The two-year course will be delivered and accredited by the Instituto Politécnico de Macau (Macau Polytechnic Institute) and consist of compulsory classroom-based lectures and workshops leading to the creation and discussion of an original thesis. As well as traditional Business Management subjects, the Master’s Degree includes topics related to...

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Ethereum (ETH) Could Make A Run For $200 Before The Sell-Off Begins

Ethereum (ETH) has a strong bearish divergence on the daily chart but it would not be surprising to see this invalidated in light of recent market movements. The price is still likely to make a run for $200 short term. Traders have become overly optimistic once again as the price has found a trend line support that has provided the pedestal it needed to maintain its rally. So far, there is no sign of a loss of bullish momentum. The price could rally towards $200 and end up hitting the rising wedge. This will most likely be the final move...

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