Hot Topics
Coin Gecko

Advertisement

Advertisement

Sally Ho's Technical Analysis 30 October 2019

Bitcoin Bitcoin (BTC/USD) rallied higher early in today’s Asian session as the pair climbed to the 9515.03 area after trading as low as the 9068.19 area during yesterday’s North American session.  Traders continue to keep BTC/USD above some important technical levels and this could lead to additional price gains. Over the weekend, technical Bids emerged around the 8917.00 area, right around the 50% retracement of the recent 7296.44 – 10540.49 range.  The pair bounced higher from this level and has since been orbiting a couple of additional price retracement levels related to this range, including 9301.26 and 9774.89.  Another important...

Read More

Ethereum (ETH) Could Begin Its Most Anticipated Downtrend This Week

Ethereum (ETH) could begin its most anticipated downtrend as soon as this week. This would be a big move followed by further continuation for the weeks ahead. In my opinion, this would be more than a 40% decline that would see the price fall towards the 61.8% fib retracement level from the yearly high. So far, we have seen the price consolidate within a symmetrical triangle. It is equally likely that we see a sharp breakout to the upside before any downtrend follows. We have seen such fake outs in the past before major downtrends which is why such a...

Read More

Sally Ho's Technical Analysis 29 October 2019

Bitcoin Bitcoin (BTC/USD) lost a little bit of ground early in today’s Asian session as the pair weakened to the 9180.59 area and has continued to be capped below the 9537 level for several trading sessions.  The pair’s market bias remained neutral-to-positive following moves during yesterday’s European session when the pair tested and bounced higher from the 9300.00 figure, just below the 9301.26 area that represents the 38.2% retracement of the 7296.44 – 10540.49 area.  During yesterday’s North American session, the markets moved decisively below two important price levels, namely the 9307.67 area that represents the 61.8% retracement of the...

Read More

Ethereum (ETH) Expected To Crash Hard Against Bitcoin (BTC) In Weeks Ahead

Ethereum (ETH) has just plunged below the 38.2% fib retracement level against Bitcoin (BTC). We were previously expecting a rally towards the 200 day EMA on the ETH/BTC chart but the recent pump in Bitcoin (BTC) which led to it outpacing most other cryptocurrencies including Ethereum (ETH) led to other cryptocurrencies losing ground against Bitcoin (BTC). As a result of that, Ethereum (ETH) has now declined below the key 38.2% fib retracement level against Bitcoin (BTC). This is a bearish event not just for Ethereum (ETH) but for the rest of the altcoin market as well. We are now very...

Read More

Sally Ho's Technical Analysis 28 October 2019

Bitcoin Bitcoin (BTC/USD) appreciated to the 9732.26 level early in today’s Asian session as  the pair continued to steadily move higher from Saturday’s North American session.  Following the pair’s recent spike to the 10540.49 area, the markets came off and traded as low as the 8917 area before gliding slightly higher.  This has been a very technical recovery following the pullback because the 8918.47 area represents the 50% retracement of the move from 7296.44 to 10540.49.  Some profit-taking then was seen around the 9301.26 area, representing the 38.2% retracement of the same range.  Market sentiment had been negative following the...

Read More