Hot Topics
Coin Gecko

Advertisement

Advertisement

Sally Ho's Technical Analysis 17 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed to the 9797.18 level after trading as low as the 9612.12 area during yesterday’s North American session.  The pair peaked around the 10048.34 level during yesterday’s Asian session, down from the 10400.00 level area during Saturday’s Asian session.  Market sentiment remains bullish for many traders as the pair has recently traded above the psychologically-important 10000 figure, but BTC/USD’s ability to score additional gains above this area is being closely evaluated to determine if the recent climb has staying power and sustainability.  The market’s most immediate barometer of upside...

Read More

Sally Ho's Technical Analysis 16 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair gained ground to the 9945.00 area after being driven lower to the 9750.00 area during yesterday’s North American session.  Stops were triggered below the 9978.34 area during the move lower, representing the 23.6% retracement of the appreciation from 8216.71 to 10522.51, with more triggered below the 9849.55 area, representing the 23.6% retracement of the 6430.00 – 10522.51 range.  After trading above the 10500 level last week, the pair depreciated back below the 10200 area as traders booked profits, leading to some additional speculation the pair might be unable to...

Read More

Sally Ho's Technical Analysis 15 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair gained ground to the 10373.39 area after finding buying demand around the 10102.50 area during yesterday’s European session.  The pair had earlier traded as high as the 10395.66 area before retreating during the North American session.  This intraday high was just below the 10397.09 area, an upside price objective that became technically relevant when bids emerged around 8880.87 level following upside pressure that lifted the market from the 6430.00 area.  Traders continue to evaluate the pair’s recent upside progress within the context of important technical levels derived from important...

Read More

Ether Was a Hedge Against Stocks & Gold in December 2017/2018 - Could it Be Again?

Ethereum was found to be a hedge against stocks and gold between December 2017/2018. The second largest was seen to act as a diversifier “diversifier on an intraday basis for the US Dollar.” With the leading cryptocurrency rising up above $10,000 over the weekend just gone, things seemed to be looking up for bitcoin. But after a slight dip in price, the leading cryptocurrency was able to fight the $10,000 mark once more, earlier this week. In fact, it was able to rise up above the $10,000 mark twice throughout the week so far. Many people see bitcoin as a...

Read More

Sally Ho's Technical Analysis 14 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 10262.35 area after trading as low as the 10083.10 area during yesterday’s European session.  Notably, the pair moved higher to test the 10522.51 area during yesterday’s North American session, a fresh multi-month high.  After peaking around the psychologically-important 10500 level early in yesterday’s European session, traders quickly booked profits and drove the pair lower to the 10083.10 level, testing the 100-bar MA (4-hourly) and just above the 10064.04 area that represents the 38.2% retracement of the depreciation from 13868.44 to 7712.45.  Traders are curious...

Read More