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Sally Ho's Technical Analysis 16th April 2019

Bitcoin Bitcoin (BTC/USD) found a Bid early in the Asian session but only after the pair fell to the 4945.54 level during yesterday’s North American session, its weakest print since 11 April.  Stops were elected below the 4970.67 area during the descent, representing the 76.4% retracement of the move from 4901.99 to 5193.01. During today’s climb higher from multi-day lows, BTC/USD found a Bid around the 5013.16 area, representing the 61.8% retracement of the aforementioned range. Chartists are eyeing the 5081.84 area as the pair’s next upside target. Other minor retracement levels including 5098.48/ 5134.61 related to yesterday’s depreciation from...

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Ethereum (ETH) Likely To Revisit 200 Day EMA Before Its Next Big Decline

Ethereum (ETH) is on the verge of another major decline as the price fails to break out of the bearish pennant it has been trading in since the beginning of the year. However, the way the Stochastic RSI has cooled off on the daily chart for ETH/USD hints that we might see a false break out that could see the price revisit the 200 day exponential moving average and possibly break slightly above it to mislead traders into thinking the price has broken past a critical resistance. However, it will most likely close below the 200 day EMA leaving a...

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Sally Ho's Technical Analysis 15th April 2019

Bitcoin Bitcoin (BTC/USD) scored strong gains during today’s Asian session, rocketing to the 5191.19 level. In our 14 April 2019 analysis, we identified the 50-bar MA (4-hourly) as technical Resistance and strong Stops were elected above the 5137.67 area after traders tested this key area.  The pair reached the 5191.19 level, just below the 50% retracement of the 5488.00 – 4901.99 range. Additional Stops were elected above the 5125.85 area, representing the 38.2% retracement of the same range. Notably, there were some early indications during the Asian session that BTC/USD was trying to derive technical Support at the 50-bar MA...

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How Mobile Browsers are Pushing Crypto Adoption

Until recent years, mobile internet browsers were little more than a means to connect to the web on the go. With this, developers started implementing crypto-friendly functionality like a wallet, VPN or a dApp store. This and more, have a big boost to the simple mobile browser and changed it into a very powerful toolkit with a big range of applications.   Mobile web browsers are subtly evolving into highly versatile tools for cryptocurrency users. During this process, they have lowered the barriers for entry for beginners by making it much easier to start owning and using cryptocurrencies. Several software...

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Sally Ho's Technical Analysis 14 April 2019

Bitcoin (BTC/USD) continued to orbit a key technical level during the Asian session today, with the pair dancing around the 5079.35 level, representing the 50% retracement of the move from 4670.69 to 5488.00. As with many assets in the cryptocurrency complex, BTC/USD fell sharply during yesterday’s European session with no discernible technical explanation as to why.The 5125.85 has also remained toppish since 11 April, representing the 38.2% retracement of the 5488.00 – 4901.99 range as noted in our 13 April 2019 analysis. The 50-bar MA (4-hourly) has also prevented BTC/USD from drifting too far above. During the past day, price...

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