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Ethereum (ETH) Bulls Are Fighting A Lost Battle Hoping For Altcoin Season

Bitcoin (BTC) bulls are fighting a battle and that battle is to prove to the world that Bitcoin (BTC) could be a good hedge during times of crisis and that it can be a store of value. That may be considered a lost battle as well but not as lost as the one Ethereum (ETH) bulls are fighting and in this analysis we will see why. First of all, while Bitcoin (BTC) is hailed as digital gold by some, Ethereum (ETH) is not digital anything. It is just a smart contracts platform that derives its valuation from the high number...

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Sally Ho's Technical Analysis 18 August 2019

Bitcoin Bitcoin (BTC/USD) continued to hover around some key technical levels early in today’s Asian session as the pair continues to orbit the 10,367.06 area, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44.  The pair did not really deviate from this area during yesterday’s Asian session or European session. The pair traded as low as the 9,470.00 level this week, its weakest print since late July and a level that is right around the 50% retracement of the move from 5,072.01 to 13,868.44. Given the pair’s recovery back above the psychologically-important 10,000 figure, its short-term bias is...

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Ethereum (ETH) Likely To Plunge Below $180 To Complete Correction

Ethereum (ETH) is trading within a large falling wedge. The price is likely to eventually break out of this falling wedge and rally higher potentially towards the 38.2% fib retracement level at $232.15 but it is unlikely to happen before the price sees further downside from current levels. We can spot a downtrend on the RSI on the 4H chart for ETH/USD. That being said, the support at $180 is a strong one but we expect it to be broken nonetheless in order for Ethereum (ETH) to complete its correction. There is also the possibility that this falling wedge might...

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Sally Ho's Technical Analysis 17 August 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair escalated higher to the 10,321.01 level after steady buying activity emerged during yesterday’s European and North American sessions.   The pair has traded as low as the 9,470.00 level this week, its weakest print since late July and a level that is right around the 50% retracement of the move from 5,072.01 to 13,868.44.  BTC/USD continues to trade below its 50-bar MA (4-hourly), 100-bar MA (4-hourly), and 200-bar MA (4-hourly), and is trading between its 50-bar MA (hourly) and 100-bar MA (hourly). Following the pair’s recent sell-off, traders are...

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Sally Ho's Technical Analysis 16 August 2019

Bitcoin Bitcoin (BTC/USD) gained a little bit of ground early in today’s Asian session as the pair escalated higher to the 10,154.74 level following another sharp move lower overnight that saw the pair test the 9,470.00 level, its weakest print since late July.  The pair was unable to get back above the 10,234.22 area during yesterday’s Asian session and European session, representing the 50% retracement of the move from 6,600 to 13,868.44.  Bids emerged around the 9,470.23 level during today’s Asian session to reverse the quick decline lower, representing the 50% retracement of the move from 5,072.01 to 13,868.44.  The...

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