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Sally Ho's Technical Analysis 29 May 2019

Bitcoin Bitcoin (BTC/USD) made some moves higher early in today’s Asian session and traded as high as the 8737.00 area after Bids emerged around the 8662.25 area. During yesterday’s North American session, BTC/USD moved sharply lower in short order as Stops were elected below the 8598.42 area, representing the 23.6% retracement of the move from 7467.10 to 8947.88. Momentum accounts got involved in the quick move downward when they saw relative highs of 8710 and 8695 give way during brief retracements higher and many shorts were covered around the 8546 area, a short-term intraday price objective that has held. Above...

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Ethereum (ETH) Rally To $300 Would Be Too Easy To Come To Fruition

The obvious never happens in any market unless the market makers want that to happen. Why would the market makers want to let the obvious happen? To instill confidence in the market and make retail bulls more confident or let’s say complacent. The recent break above the ascending triangle was too obvious but it did come to fruition quite cleanly and a lot of retail bulls feel like geniuses right now just because they could predict the price to break out of some lines on a chart. Make no mistake, technical analysis is a very important part of trading research...

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Ethereum: What You Need To Know About Ethereum 2.0

Currently, Ethereum sits very close to its original design. Way back when Ethereum was first created, it was designed to provide a new platform to allow people to be creative with blockchain technology. Whilst Bitcoin remained very static, Ethereum was designed to open up new opportunities. As it stands, Ethereum hasn’t changed much over the years, however according to new reports it looks as if the next few years promise some huge transformations for Ethereum. Ethereum 1.0 is about finished with, now it is time for us to move on to Ethereum 2.0, a new era for the Ethereum blockchain...

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Is This The End of FIAT Currencies?

FIAT currency is the term used to describe centralised media for value exchange and generally refers to sovereign currencies such as the British Pound, the Euro and the United States Dollar. Historically though, the use of gold and salt would also have been considered as a FIAT currency when it was under the control of a central body. The difference that cryptocurrency has here and one of its many advantages is that crypto is not controlled by a central body – what does this actually mean though? The problem with FIAT currency is that when we spend it, it needs...

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Sally Ho's Technical Analysis 28 May 2019

Bitcoin Bitcoin (BTC/USD) managed to find a little bit of a Bid during early in today’s Asian session, trading as high as the 8816.18 level following some late-day selling pressure during yesterday’s North American session.  The pair escalated to the 8947.88 area early in yesterday’s Asian session, establishing a new multi-month high, before some profit-taking ensued. Traders are again focused on seeing if BTC/USD can be pushed above the psychologically-important 9000.00 figure. During yesterday’s pullback, the pair declined to the 8611.44 area, just above the 23.6% retracement of the move from 7467.10 to 8947.88. If Stops become elected below this...

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