Hot Topics
Coin Gecko

Advertisement

Advertisement

Sally Ho's Technical Analysis 23 October 2019

Bitcoin Bitcoin (BTC/USD)  depreciated to the 7998.90 level early in today’s Asian session as the pair failed to sustain a move higher to the 8317.14 area during yesterday’s North American session. The pair has recently been orbiting the 8200.63 area, representing the 38.2% retracement of the 8826.00 – 7814.08 range, and derived support around that level during yesterday’s European and North American sessions.  Buying pressure also emerged around the 50-bar MA (4-hourly) during yesterday’s North American session, then indicating arou nd the 8201 level, but Stops were elected below it during this most recent downturn. Chartists also note that the...

Read More

Ethereum (ETH) Inches Closer To Breaking Out Of Ascending Triangle

Ethereum (ETH) is trading with an ascending triangle that will soon have to be broken. Whether to the upside or to the downside remains to be seen but historically we have seen ascending triangles break to the upside most of the time in this market. It is therefore likely that we might see continued sideways movement in this market for a while but sooner or later ETH/USD will have to break out. If it ends up breaking to the upside, then it would be in a position to break past even the 38.2% fib retracement level and rally towards $200....

Read More

Hot Or Cold? How To Store Your Ethereum

If you own Ethereum, you’ve probably wondered if you’re storing it in the most effective away. You’ve got to weigh up safety vs ease of use, security vs accessibility in what seems to be a constant battle between hot and cold cryptocurrency storage. What does all this mean? Hot storage, or online storage refers to cryptocurrency that is stored at a location contacted to an online network. A great and common example of this is when you buy cryptocurrency from an exchange and then store it within that exchange, on an exchange based wallet. This is great, because it’s easy...

Read More

Sally Ho's Technical Analysis 22 October 2019

Bitcoin Bitcoin (BTC/USD) traded mostly sideways early in today’s Asian session as the pair moved to the 8195.11 level after spiking to the 8349.84 area during yesterday’s North American session.  Some minor Stops were elected above the 8338.78 level during yesterday’s rapid climb, representing the 76.4% retracement of the 9948.12 – 3128.89 range.  The pair twice tested the 8280.46 area during yesterday’s Asian session and yesterday’s North American session, a level that represents the 61.8% retracement of the move from 7850.71 – 8975.71 range.  Chartists are noting that the 50-bar MA (hourly) crossed above the 100-bar MA (hourly) and 200-bar...

Read More

Ethereum (ETH) Next Big Move Could Push It Past $200 As Early As This Week

Ethereum (ETH) has just closed the 4H candle above the 50 EMA. This was a consequence of the sharp bounce off the top of the previously broken falling wedge. We can now expect ETH/USD to test the 38.2% fib retracement level near term. However, it is very likely to rally towards $200 soon as it breaks past this level. The 200 EMA on the 4H time frame could pose as resistance just around the long term trend line resistance. It may stop the price temporarily around $187 but it likely to rally towards the top of the ascending channel before...

Read More