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Sally Ho's Technical Analysis 13 July 2019

Bitcoin Bitcoin (BTC/USD) was slightly stronger early in today’s Asian session as the pair escalated higher to the 11,950.00 level, stopping just short of testing an important level around the 11,978.03 area, representing the 38.2% retracement of the 8,919.72 – 13,868.44 range.  The next upside price level related to this range is the 12,700.54 area and the next downside price level related to this range is the 11,394.08 area. Early in today’s Asian session, the pair found some buying demand right around the 100-bar MA (4-hourly), currently indicating around the 11,612.88 area. The price also continues to orbit the 50-bar...

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Ethereum (ETH) Unlikely To Climb Above $300 Again Anytime Soon

Ethereum (ETH) remains in a strong downtrend after the recent sell off pressure. This is expected to continue towards our $231 price target. We expect ETH/USD to decline in a head and shoulders formation that is more clearly visible on the daily time frame. The 4H chart shows that the price is declining having topped out. If the 50 EMA crosses below the 200 EMA on the 4H time frame, this will be a very bearish development and we might see the price decline sharply soon after that happens. So far, this downtrend remains intact and there is no hope...

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Ethereum (ETH): All Hopes Of An Altcoin Season Lost As Price Breaks Key Support

Ethereum (ETH) breaks a critical support against Bitcoin (BTC) and has now put itself in deep trouble. The price could decline sharply from its current levels if ETH/BTC closes the week below this support. This bearish close would completely shatter all hopes of an altcoin season. Some analysts are looking at falling altcoin dominance and they are linking it with what happened last time before the beginning of the altcoin season. However, they so conveniently ignore that altcoin dominance declined in the same way during July 2014 and we saw what happened to the price after that. See, the game...

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Sally Ho's Technical Analysis 11 July 2019

Bitcoin Bitcoin (BTC/USD) extended losses early in today’s Asian session as the pair tumbled to the 11,620.00 level after strong selling pressure commenced around the 13,202.63 area during yesterday’s North American session.  Demand was relatively steady through yesterday’s Asian and European sessions and carried forth into the North American session before major selling pushed the pair back below the 12,873.12 level.  During the sharp pullback lower, the 12,367.56 level emerged as an important one where selling pressure re-emerged during a brief retracement higher, and this area represents the 23.6% retracement of the move from 7507.77 to 13,868.44. The next downside...

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Ethereum (ETH) Just Broke A Critical Support Against Bitcoin (BTC)

Ethereum (ETH) just broke below a critical support level against Bitcoin (BTC). This is a bearish development not only for ETH/BTC but also for the rest of the altcoin market. This means that Bitcoin (BTC) dominance is now expected to keep on rising and Ethereum (ETH) as well as other altcoins might experience a lot of pain when Bitcoin (BTC) begins its downtrend considering altcoins fall a lot harder than Bitcoin (BTC) during most downtrends. The altcoin market has become quite overcrowded with useless tokens over the years but we have yet to see some cleansing. Until now, during every...

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