Sally Ho's Technical Analysis 17 June 2019

Bitcoin
Bitcoin (BTC/USD) recovered some lost ground early in today’s Asian session as the pair traded as high as the 9083.76 area after finding some demand around the 8810.53 area. The pair established a fresh 2019 high during yesterday’s European session, establishing its strongest print since May 2018. Stops were elected above the 9090.00 area, a relative high dating to 30 May 2019. During the pullback lower during yesterday’s European session, Bids emerged around the 8876.41 area, representing the 38.2% retracement of the move from 8048.75 to 9388.00.
Technical Resistance then emerged around the 9071.94 area during yesterday’s North American session, representing the 23.6% retracement of the aforementioned range. Traders are again focusing on the 9532.39 area, representing the 38.2% retracement of the very important move from 19891.99 to 3128.89. Above that area, the 9948.12 area is a relative high. Below current market activity, the 8630.17 area may provide some technical Support, representing the 23.6% retracement of the move from 7702.83 to 8916.63.
Price activity is nearest the 50-bar MA (4-hourly) at 8236.52 and the 50-bar MA (Hourly) at 8827.03.
Technical Support is expected around 8718.38 8585.10/ 8278.55 with Stops expected below.
Technical Resistance is expected around 9532.19/ 9948.12/ 11510.44 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
 
Ethereum
Ethereum (ETH/USD) appreciated early in today’s Asian session as the pair traded as high as the 271.63 area after finding Bids around the 263.68 area, representing the 38.2% retracement of the move from 222.88 to 288.77. During yesterday’s European session, the pair climbed to the 278.83 area, its strongest showing since 30 May. Stops were elected above the 274.99 area during the pair’s ascent yesterday. The pair collapsed later in yesterday’s European session and then early in yesterday’s North American session. Interestingly, the 50-bar MA, 100-bar MA, and 200-bar MA on 4-hourly charts are all within US$ 0.30.
Stops were triggered below the 266.49 area during the move lower, representing the 23.6% retracement of the move from 226.56 to 278.83. Above current market activity, the 288.77 is a recent relative high and the 302.20 area is another relative high. The 289.64 area is the 38.2% retracement of the move from 627.83 to 80.60 and the 293.56 area is the 23.6% retracement of the move from 982.99 to 80.60. Also, the 298.24 level is the 50% retracement of the move from 515.88 to 80.60 and the 314.00 area is the 50% retracement of the 547.40 – 80.60 range.
Price activity is nearest the 100-bar MA (4-hourly) at 253.62 and the 50-bar MA (Hourly) at 266.99.
Technical Support is expected around 255.45/ 246.23/ 241.17 with Stops expected below.
Technical Resistance is expected around 288.77/ 293.56/ 302.20 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 16 June 2019

Bitcoin
Bitcoin (BTC/USD) gave back a small amount of hard-fought gains early in today’s Asian session after the pair rocketed to its highest level since 30 May at 8916.63 during yesterday’s North American session. Stops were elected above the 8707.00 figure during recent trading sessions, representing the 23.6% retracement of the move from 7467.10 to 9090.00. Some very important technical clues emerged during yesterday’s European and early North American sessions when Bids repeatedly emerged around the 8635 – 8640 areas, now equal to the 23.6% retracement of the 7702.83 – 8916.63 range.
BTC/USD’s upward moves again shifts the focus to upside price targets and areas of technical Support during pullbacks. If the market is able to absorb the 2019 high of 9090.00, traders will again focus on the 9532.39 area, representing the 38.2% retracement of the very important move from 19891.99 to 3128.89. Above that area, the 9948.12 area is a relative high. Below current market activity, the 8630.17 area may provide some technical Support, representing the 23.6% retracement of the move from 7702.83 to 8916.63. Other areas of technical Support include 8584/ 8338/ 8166.
Price activity is nearest the 100-bar MA (4-hourly) at 8162.03 and the 50-bar MA (Hourly) at 8555.46.
Technical Support is expected around 8585.10/ 8278.55/ 8087.05 with Stops expected below.
Technical Resistance is expected around 9090.00/ 9532.19/ 9948.12 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
 
Ethereum
Ethereum (ETH/USD) came off a little bit early in today’s Asian session as the pair moved lower to the 267.02 area after peaking around the 273.30 area late in yesterday’s North American session, its strongest print since 2 June.  Some technical clues became evident during yesterday’s European and North American sessions when Bids emerged repeatedly just below the 262.27 area, representing the 23.6% retracement of the move from 226.56 to 273.30. Those Bids emerged after Stops were elected above the 265.01 area, representing the 61.8% retracement of the move from 288.77 to 226.56.
ETH/USD has an upward bias but it is staring at an important level in 274.09, representing the 76.4% retracement of the aforementioned 288.77 – 226.56 range. During pullbacks lower, chartists will be looking to see if technical Support can be derived around the 262/ 255/ 249 levels. Above current market activity, the 288.77 is a recent relative high and the 302.20 area is another relative high. The 289.64 area is the 38.2% retracement of the move from 627.83 to 80.60 and the 293.56 area is the 23.6% retracement of the move from 982.99 to 80.60. Also, the 298.24 level is the 50% retracement of the move from 515.88 to 80.60 and the 314.00 area is the 50% retracement of the 547.40 – 80.60 range.
Price activity is nearest the 100-bar MA (4-hourly) at 253.30 and the 50-bar MA (Hourly) at 261.82.
Technical Support is expected around 255.45/ 246.23/ 241.17 with Stops expected below.
Technical Resistance is expected around 288.77/ 293.56/ 302.20 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 15 June 2019

Litecoin
Litecoin (LTC/USD) recently traded at its strongest level since May 2018, printing as high as the 144.34 area this past week before yielding some recent gains. An extremely important level is the 137.04 area, representing the 50% retracement of the move from 251.90 to 22.17. Stops were elected above this area during the week and the pair derived some short-term constructive demand before marching lower. The 137.04 area quickly became technical Resistance during the move lower, an indication of its significance.
Another key area that was tested this week was the 121.16 area, representing the 61.8% retracement of the move from 182.35 to 22.17. Significant Stops were elected above this area during the move higher and traders are waiting to see if the area holds during pullbacks lower. The 109.93 area is also an important level above which Stops were reached, representing the 38.2% retracement of the aforementioned 251.90 – 22.17 range. Some chartists are eyeing the 112 area as a downside target while others are eyeing the 97 area as a downside target.
Price activity is nearest the 50-bar MA (4-hourly) at 122.31 and the 50-bar MA (Hourly) at 135.60.
Technical Support is expected around 121.16/ 112.72/ 102.26 with Stops expected below.
Technical Resistance is expected around 137.04/ 144.55/ 152.60 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
 
Bitcoin Cash
Bitcoin Cash (BCH/USD) continues to trade quite technically following this week’s test of the 422.93 area, its strongest print in June and also one that represents the 50% retracement of the move from 483.33 to 362.53. Some minor Stops were elected above this area during the week but the pair was unable to sustain its move higher. Right around the same area, the 422.59 area was a key level that represents the 61.8% retracement of the move from 638.55 to 73.22.
The 100-bar MA (4-hourly) and the 200-bar MA (4-hourly) continue to converge. Below current market activity, traders are closely monitoring the 391.04 area, representing the 23.6% retracement of the move from 483.33 to 362.53. Technicians are eyeing the 388 and 362 areas as downside price objectives and possible areas of technical exhaustion.
Price activity is nearest the 100-bar MA (4-hourly) at 411.27 and the 50-bar MA (Hourly) at 400.62.
Technical Support is expected around 393.75/ 384.54/ 366.11 with Stops expected below.
Technical Resistance is expected around 422.59/ 435.23/ 454.82 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 13 June 2019

Bitcoin
Bitcoin (BTC/USD) moved lower early in today’s Asian session as the pair tested the 8198.38 area and then reversed course just below the 100-bar MA (4-hourly), eventually dropping to the 8145.66 area.  Early in yesterday’s North American session, the pair rocketed to the 8292.43 level, representing its strongest print since 3 June. Stops were elected above the 8222.45 area during the move higher, the then-100-bar MA (4-hourly).
Stops were also then triggered above levels that we have identified in recent analyses, including the 8246.56/ 8258.50/ 8278.55 areas with BTC/USD unable to wander too far above the 8278.55 area, representing the 50% retracement of the move from 7467.10 to 9090.00. Following BTC/USD’s test of this level, chartists are closely monitoring the 8338.78 area, representing the 76.4% retracement of the move from 9948.12 to 3128.89. Above that area, important areas include 8388, 8454, 8470, and 8488, and 8502 with Stops like in place above these levels. 
Price activity is nearest the 100-bar MA (4-hourly) at 8204.69 and the 100-bar MA (Hourly) at 7898.18.
Technical Support is expected around 7693.71/ 7343.17/ 7187.64 with Stops expected below.
Technical Resistance is expected around 8230.98/ 8566.38/ 8761.96 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) moved lower early in today’s Asian session after it traded as high as the 264.75 area, representing its strongest showing since 3 June. During the pullback early in the Asian session, the pair receded to the 261.21 area. Strong upward price activity emerged late in yesterday’s European session when the market lifted the pair from the 246.00 area. The move higher intensified during yesterday’s North American session as traders eyed and then tested the 263.60 area, representing the 38.2% retracement of the move from 222.88 to 288.77.
Above current market activity, traders are focusing on some important areas of technical Resistance with a series of Offers expected between the 266.75 and 267.99 areas. Above that area, the 272.56 level remains technically relevant, representing the 23.6% retracement of the 894.00 – 80.60 range. A variety of technical Resistance levels are then in place between the 275 and 288 areas. Chartists are also eyeing some likely Stops above the 281.89 area.
Price activity is nearest the 100-bar MA (4-hourly) at 255.28 and the 50-bar MA (Hourly) at 248.42.
Technical Support is expected around 254.30/ 249.90/ 246.16 with Stops expected below.
Technical Resistance is expected around 266.75/ 272.56/ 289.64 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 11 June 2019

Bitcoin
Bitcoin (BTC/USD) moved back above the psychologically-important 8,000 figure early in today’s Asian session as traders lifted the pair to the 8057.19 area after it had traded as low as the 7895.96 area during yesterday’s North American session. Yesterday’s daily high was actually reached during the European session when BTC/USD gained ground and climbed to the 8097.35 area after again Bullishly moving above the 50-bar MA (4-hourly).  Some Stops were elected above the 8062.27 area during the move higher, representing the 38.2% retracement of the move from 9090.00 to 7427.00.
This most recent resurgence in BTC/USD over the past couple of days has some chartists again focused on the upside. The 8258.50 and 8454.73 areas represent the 50% and 61.8% retracements of the aforementioned range and Stops are likely in place above these areas. Another very important level is the 8338.78 area, representing the 76.4% retracement of the move from 9948.12 to 3128.89.  Additionally, the 100-bar MA (4-hourly) is now indicating around the 8241.52 area. Below current market activity, the 200-bar MA (hourly) is above the 100-bar MA (hourly) and 50-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 7939.22 and the 200-bar MA (Hourly) at 7945.02.
Technical Support is expected around 7343.17/ 7187.64/ 6881.34 with Stops expected below.
Technical Resistance is expected around 8230.98/ 8566.38/ 8761.96 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) reversed course early in today’s Asian session as the pair tested the 249.38 level after attempting to gain a foothold above the 50-bar MA (4-hourly) but then fell to the 245.26 area. The pair found some good buying activity late in yesterday’s North American session and was lifted to multi-session highs, testing the 61.8% retracement of the move from 222.88 to 288.77. Strong bids emerged during yesterday’s European session that saw ETH/USD gain ground from the 233.32 area.
Chartists note that today’s intraday high was right around the 23.6% retracement of the 233.00 – 254.40 range. The pair’s inability to sustain its brief amount of time above the 200-bar MA (hourly) is generally Bearish and refocuses attention on the 100-bar MA (hourly), now indicating around 243.58. If the pair is able to extend its recent upward trajectory, some key levels are found between the 250 – 254 range. Also, the 255.83 area is the 50% retracement of the move from 222.88 to 288.77 and the 256.34 area is the 61.8% retracement of the move from 274.75 to 226.56.
Price activity is nearest the 50-bar MA (4-hourly) at 246.44 and the 200-bar MA (Hourly) at 246.61.
Technical Support is expected around 223.08 / 217.55/ 209.75 with Stops expected below.
Technical Resistance is expected around 249.90/ 258.80/ 266.75 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 9 June 2019

Bitcoin
Bitcoin (BTC/USD) traded sideways early in today’s Asian session as the pair reached the 7975.80 area and was supported around the 7833.64 area, having calmly drifted lower from Friday’s high print of 8134.29. BTC/USD continues to exhibit an inability to gain much traction at or above the 8062.27 area, representing the 38.2% retracement of the move from 9090.00 to 7427.00. This signifies the importance of this range, and also explains why the pair did not get too far below the 7819.47 area during yesterday’s North American session, representing the 23.6% retracement of the same range.
The 200-bar MA (4-hourly) continues to approach price activity from below the current market range, and is currently indicating around the 7746.58 area. There are a couple of additional ranges that chartists are watching. First, the move lower from 8834.00 to 7427.00 is relevant, and price has recently traded between its 50% retracement level at 8130.50 and its 23.6% retracement level at 7759.05. If BTC/USD moves higher, traders will pay close attention to the 8298.53 area, its 61.8% retracement level. Technicians are also paying close attention to the move lower from 9090.00 to 7427.00. Bears are looking to see if a decisive break can be made below the 7819.47 area, and Bulls are looking to see if a move can be sustained above the 8062.27 area.
Price activity is nearest the 200-bar MA (4-hourly) at 7746.58 and the 50-bar MA (Hourly) at 7935.13.
Technical Support is expected around 7343.17/ 7187.64/ 6881.34 with Stops expected below.
Technical Resistance is expected around 8230.98/ 8566.38/ 8761.96 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
 
Ethereum
Ethereum (ETH/USD) weakened early in today’s Asian session as the pair came off to the 241.00 figure after being pressured lower during yesterday’s European and North American sessions. The pair was challenged around the 250.59 area in yesterday’s price activity and gradually drifted lower before testing the 241.17 area multiple times, representing the 61.8% retracement of the move from 233.00 to 254.40. ETH/USD Bears are anticipating some Stops below the 238.05 area, representing the 76.4% retracement of the same range.
Chartists are also again paying close attention to the 240.34 area, representing the 38.2% retracement of the 162.00 – 288.77 range. Related downside areas of technical Support include the 225/ 210/ 191 levels and a related area of upside technical Resistance is the 258 area. If ETH/USD is going to resume some of its recent upward price trajectory, it must make a break above the 254.30 level, representing the 38.2% retracement of the move from 288.77 to 233.00. Related upside levels that chartists are watching include the 260.89 and 267.47 levels.
 
Price activity is nearest the 200-bar MA (4-hourly) at 236.60 and the 100-bar MA (Hourly) at 245.83.
Technical Support is expected around 233.21 / 217.55/ 209.75 with Stops expected below.
Technical Resistance is expected around 248.95/ 258.80/ 266.75 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 8 June 2019

Bitcoin
Bitcoin (BTC/USD) gained some ground early in today’s Asian session as the pair moved higher back to the 8083.27 area and was supported around the 7975.01 level. Yesterday’s intraday high was established during the North American session as BTC/USD traded around the 8134.29 area, right around the 38.2% retracement of the 6600.00 – 9090.00 range. Also, yesterday’s intraday high was right around the 50% retracement of the 8834.54 – 7427.00 range. The pair continues to trade below the 50-bar MA (4-hourly), currently indicating around 8168.43. During yesterday’s North American session, some technical clues emerged when the pair derived technical Support right around the 38.2% retracement of the 7450.00 – 8134.28 range.
BTC/USD Bulls are eyeing a couple of upside levels where some profits might be taken including the 8296.86 and 8502.36 areas, both of which are related to the move lower from 8834.00. Some additional upside price targets include 8258/ 8454/ 8697, areas of technical Resistance related to the 9090.00 – 7427.00 range. Below current price activity, technical Support is seen around the 7792/ 7711/ 7611 areas. Additional Bids are expected around the 7558 area. Chartists are noting that the 50-bar MA (hourly) is just crossing above the 100-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 8168.43 and the 50-bar MA (Hourly) at 784847.
Technical Support is expected around 7343.17/ 7187.64/ 6881.34 with Stops expected below.
Technical Resistance is expected around 8230.98/ 8566.38/ 8761.96 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
 
Ethereum
Ethereum (ETH/USD) appreciated early in today’s Asian session as the pair gained ground to tackle the 252.59 area, right around the 50% retracement of the move from 281.89 to 222.99.  Late during yesterday’s North American session, the pair traded as high as the 254.40 level, just below the 23.6% retracement of the move from 144.15 to 288.77 and also below the 50-bar MA (4-hourly) which was indicating at 255.46 around that time.  During yesterday’s European session, some Bids emerged around the 246.23 area, right around the 23.6% retracement of the range from 288.77 to 233.00.
During yesterday’s Asian session, some Bids emerged right around the 76.4% retracement of the 231.12 – 288.77 range, and this likely means technical Resistance areas above current market activity are relevant including 259.95/ 266.75/ 275.16. Technicians are also eyeing additional upside price targets related to the move higher from 222.88. These upside areas of likely technical Resistance include 255.83/ 263.60/ 273.22. Additionally, the 272.56 area remains a key level, representing the 23.6% retracement of the move from 894.00 to 80.60. Chartists note that the 50-bar MA just crossed above the 100-bar MA, a potentially Bullish signal.
Price activity is nearest the 50-bar MA (4-hourly) at 254.34 and the 50-bar MA (Hourly) at 246.77.
Technical Support is expected around 246.16/ 235.31 /231.12 with Stops expected below.
Technical Resistance is expected around 258.80/ 266.75/ 275.16 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 7 June 2019

Bitcoin
Bitcoin (BTC/USD) gained some marginal ground early in today’s Asian session as the pair climbed higher to the 7835.79 area after trading as low as the 7450.00 level in yesterday’s North American session. BTC/USD continues to encounter technical Resistance around the 7881.93 area, representing the 76.4% retracement of the projected range of 7470.51 – 9213.84, an upside price objective. The pair has derived some technical Support around the 7759.18 area, representing the 23.6% retracement of the move from 8834.54 to 7427.00, and is attempting to find a floor there early in today’s Asian session.
Above current price activity, chartists are focusing on some levels related to the same range including 7964/ 8130/ 8296/ 8502. Some additional upside price objectives related to the projected upside price target of 9213 include 8342/ 8547/ 8802. Likewise, the 10,271 area is another important upside price objective and some key upside technical Resistance levels related to this range include 8002/ 8435/ 8868/ 9405. Technicians also note BTC/USD derived some technical Support around the 200-bar MA (4-hourly) during yesterday’s North American session.
Price activity is nearest the 200-bar MA (4-hourly) at 7611.48 and the 50-bar MA (Hourly) at 7768.75.
Technical Support is expected around 7343.17/ 7187.64/ 6881.34 with Stops expected below.
Technical Resistance is expected around 8230.98/ 8566.38/ 8761.96 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) halted its upward trajectory early in today’s North American session as the pair traded as high as the 252.00 figure and then came off to the 246.78 area. After some downward pressure during yesterday’s European session, ETH/USD found a floor around the 235.32 area during the North American session before marching higher. Yesterday’s intraday low was right around the 38.2% retracement of the move from 148.81 to 88.77.
Below current price activity, the 200-bar MA (4-hourly) is now indicating around 231.54 and the price has not tested this area since 9 May 2019. The 239.64 area represents the 23.6% retracement of the move from 80.60 to 288.77. There are a variety of technical Support levels situated between 231.12 and 239.64, thus it is likely there are many Stops below some of these levels and if elected, those Stops could hasten a slide lower.
Price activity is nearest the 100-bar MA (4-hourly) at 257.55 and the 100-bar MA (Hourly) at 248.84.
Technical Support is expected around 235.31 /231.12/ 223.08 with Stops expected below.
Technical Resistance is expected around 249.08/ 262.11/ 276.18 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 5 June 2019

Bitcoin
Bitcoin (BTC/USD) gained some ground early in today’s Asian session as the pair moved higher to the 7792.82 area after finding a floor around the 7427.00 area late in yesterday’s North American session. Some clues emerged during yesterday’s European session after the pair struggled for hours to move back above the 7972.00 area, a support level from 30 May that served as technical Resistance yesterday. Some minor Stops were elected when the pair briefly moved above the level, but traders were able to decisively push the market below the 7724.78 area, representing the 38.2% retracement of the move from 5516.12 to 9090.00.
During the move lower, some additional Stops were reached below the 7551.18 area and traders then tested the 7515.25 area, representing the 38.2% retracement of the 4967.61 – 9090.00 range. Bears then pushed the pair below technical Support around the 7467.10 area and hit some Stops below the 200-bar MA (4-hourly) around the 7471.17 level. Below current price activity, chartists are focusing on the 7303.06 area, representing the 50% retracement of the 5516.12 – 9090.00 range, with the 6881.34 area representing the 61.8% retracement of the same range. Other relevant levels include 7223/ 7187/ 7084/ 7028.
Price activity is nearest the 200-bar MA (4-hourly) at 7482.86 and the 50-bar MA (Hourly) at 8165.09.
Technical Support is expected around 7343.17/ 7187.64/ 6881.34 with Stops expected below.
Technical Resistance is expected around 8230.98/ 8566.38/ 8761.96 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) found some buying pressure early in today’s Asian session as traders pushed the pair as high as the 243.28 level after it depreciated to the 233.00 area late in yesterday’s North American session. The pair’s short-term upward bias was confirmed when some Bids were seen during a pullback just above the 239.64 area, representing the 23.6% retracement of the move from 80.60 to 288.77. During the move lower yesterday, technical Bids emerged right around the 236.89 area, representing the 23.6% retracement of the move from 281.89 to 222.99.
The pair was then unable to move back above the 250.99 area during a temporary consolidation higher, just below the 38.2% retracement of the move from 274.75 to 237.00.  Chartists are eyeing some important levels of technical Support below current price activity. These include the 200-bar MA (4-hourly), now indicating around the 226.61 area. Other important levels include the 231 and 223 areas and the 217.55 area represents the 61.8% retracement of the move from 302.20 to 80.60.
Price activity is nearest the 200-bar MA (4-hourly) at 226.61 and the 50-bar MA (Hourly) at 252.18.
Technical Support is expected around 231.12/ 223.08/ 217.39 with Stops expected below.
Technical Resistance is expected around 249.08/ 262.11/ 276.18 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 4 June 2019

Bitcoin
Bitcoin (BTC/USD) depreciated sharply early in today’s Asian session, declining to the 7700.00 area after being unable to climb above the 8588.66 area during yesterday’s North American session.  Yesterday’s selloff commenced during the Asian session and BTC/USD quickly weakened from the 8695.21 area during yesterday’s European session. Traders tested the 8338.78 area, representing the 76.4% retracement of the move from 9948.12 to 3128.89, and that level eventually gave way, resulting in Stops being elected below the 100-bar MA (4-hourly).
Stops were then triggered below the 8087.05 area late in yesterday’s North American session, representing the 61.8% retracement of the move from 7467.10 to 9090.00.  Stops were also then elected below the 7724.78 area, representing the 38.2% retracement of the move from 5516.12 to 9090.00. Chartists are focused on additional downside market risk with the 7551.18 area as another important level, representing the 61.8% retracement of the move from 5072.01 to 9090.00. Additionally, the 7343.17 level represents the 61.8% retracement of the 9948.12 – 3128.89 range.
Price activity is nearest the 200-bar MA (4-hourly) at 7410.27 and the 100-bar MA (Hourly) at 8507.77.
Technical Support is expected around 7551.18/ 7223.25/ 6881.34 with Stops expected below.
Technical Resistance is expected around 8230.98/ 8566.38/ 8761.96 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
 
Ethereum
Ethereum (ETH/USD) extended its recent selloff early in today’s Asian session, trading as low as the 237.00 area after steady selling pressure emerged during yesterday’s European and North American sessions. The pair orbited the 100-bar MA (4-hourly) during yesterday’s sessions but the level finally gave way, quickly plunging to test the 246.88 area, representing the 38.2% retracement of the move from 515.88 to 80.60. Various Stops were then elected below the 238 – 239 areas where some technical Support had been in place.
Some shorts were covered just above the 236.89 area, representing the 23.6% retracement of the move from 281.99 to 222.99.  Traders are focused on additional downside risk for ETH/USD with some key levels now at the fore. There are various technical Support levels between the 231 – 236 areas and the 200-bar MA (4-hourly) is currently around the 224.09 level. Notably, the 234.23 area represents the 38.2% retracement of the move from 146.00 to 288.77.
Price activity is nearest the 100-bar MA (4-hourly) at 258.63 and the 100-bar MA (Hourly) at 263.39.
Technical Support is expected around 234.23/ 217.39/ 200.54 with Stops expected below.
Technical Resistance is expected around 262.11/ 276.18/ 281.64 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 3 June 2019

Bitcoin
Bitcoin (BTC/USD) reversed course and moved higher early in today’s Asian session, trading as high as the 8760.00 area after trading as low as the 8610.26 area during yesterday’s North American session. Notably, yesterday’s daily high was around the 8834.00 level, just above the 76.4% retracement of the move from 9090.00 to 7972.00. Early in today’s Asian session, buying demand emerged just below the 61.8% retracement of the same range.
Technically, the pair needs to establish a base above the 8707.00 area if it is going to sustain some upside gains, representing the 23.6% retracement of the move from 7467.10 to 9090.00. The pair continues to trade above the 50-bar MA (4-hourly) and a bullish signal became evident yesterday when the 50-bar MA (hourly) crossed above the 200-bar MA (hourly), preceding the 50-bar MA (hourly) crossing above the 100-bar MA (hourly). Above current price activity, traders continue to focus on levels including 9405/ 9532/ 9647. Above the psychologically-important 10,000 figure, the 10,271 area represents an important upside price objective.
Price activity is nearest the 50-bar MA (4-hourly) at 8557.43 and the 50-bar MA (Hourly) at 8607.32.
Technical Support is expected around 8399.08/ 8235.08/ 7850.10 with Stops expected below.
Technical Resistance is expected around 9090.00/ 9532.02/ 9948.12 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
 
Ethereum
Ethereum (ETH/USD) appreciated early in today’s Asian session, trading as high as the 271.15 area after falling to the 266.12 area during yesterday’s North American session. During yesterday’s action, the pair climbed as high as the 274.75 area, just below the 23.6% retracement of the move from 231.12 to 288.77. The pair also came close to testing its 50-bar MA (4-hourly) multiple times yesterday, just below a series of intraday lows. Late in yesterday’s North American session, the 50-bar MA (hourly) crossed above the 100-bar MA (hourly), a bullish signal that could result in additional price appreciation.
ETH/USD needs to establish a base above the 272.56 area if it is going to make some progress to the upside, as this level represents the 23.6% retracement of the move from 894.00 to 80.60. A similar interesting level is the 257.22 area, representing the 23.6% retracement of the 828.98 – 80.60 range. These longer-term ranges should be watched closely and if ETH/USD is unable to remain above these areas, additional selling pressure may ensue. Chartists are eyeing some Stops below the 265.66 area with some technical Support seen around the 253 – 255 range. Additionally, the 244 area is also of extreme technical significance.
Price activity is nearest the 50-bar MA (4-hourly) at 266.53 and the 200-bar MA (Hourly) at 265.82.
Technical Support is expected around 257.22/ 244.96/ 235.44 with Stops expected below.
Technical Resistance is expected around 276.18/ 289.64/ 298.24 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 2 June 2019

Bitcoin
Bitcoin (BTC/USD) continued its move higher early in today’s Asian session as the pair traded as high as the 8609.29 area with its sights set on the 8662.92 area, representing the 61.8% retracement of the move from 9090.00 to 7972.00.  During yesterday’s North American session, the pair tested the 8470.05 area, representing the 38.2% retracement of the move from 7467.10 to 9090.00. That level was also just above the 50-bar MA (4-hourly), levels that BTC/USD has remained above since Friday.
Some technical clues emerged late in yesterday’s North American session when the pair found experienced buying pressure around the 8531.00 figure, representing the 50% retracement of the aforementioned 9090.00 – 7972.00 range. Stops are expected to be situated above the 8662.92 area and if they are elected, BTC/USD could test the 8707.00 area, representing the 23.6% retracement of the move from 7467.10 to 9090.00. Above that area, the 8826.15 area is technical Resistance and represents the 76.4% retracement of the aforementioned 9090.00 – 7972.00 range. Chartists also continue to focus on the 9532.39 area as an important upside target, along with 9213/ 9405/ 10,271.
Price activity is nearest the 50-bar MA (4-hourly) at 8488.97 and the 100-bar MA (Hourly) at 8547.62.
Technical Support is expected around 8399.08/ 8235.08/ 7850.10 with Stops expected below.
Technical Resistance is expected around 9090.00/ 9532.02/ 9948.12 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
 
Ethereum
Ethereum (ETH/USD) encountered some light upward price pressure early in today’s Asian session after being pressured lower during yesterday’s European session and being unable to sustain modest gains in the North American session. Yesterday’s test of the technically-important 275.16 area was toppish for the pair and ETH/USD eventually slid as low as the 261.30 area after some Stops were triggered below the 50-bar MA (4-hourly). Following the move lower, the pair tested the 269.76 area during yesterday’s North American session, representing the 61.8% retracement of the move from 274.99 to 261.30.
Below current price activity, chartists are focusing on levels such as 259.95/ 257.22/ 255.83 to see if they represent decent technical Support during a move lower. Additionally, the 100-bar MA (4-hourly) is currently indicating at 256.42. Above current price activity, technicians are focusing on levels including 272.56/ 275.16/ 281.77.  Also, the 276.18 area represents the 76.4% retracement of the move from 288.77 to 235.44. Traders are also focusing on 293.56/ 298.24/ 302.20 as upside price targets.
Price activity is nearest the 50-bar MA (4-hourly) at 264.53 and the 100-bar MA (Hourly) at 267.59.
Technical Support is expected around 259.88/ 244.96/ 235.44 with Stops expected below.
Technical Resistance is expected around 281.77/ 289.64/ 298.24 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 1 June 2019

Bitcoin
Bitcoin (BTC/USD) extended its rebound higher early in today’s Asian session as the pair continued to reclaim lost ground following Thursday’s move that saw a sudden depreciation from 9090.00 to 7972.00.  There have now been five consecutive 4-hourly bars with higher highs and higher lows, a bullish development that saw the pair test the 8580.00 level early in today’s session. BTC/USD has also managed to move back above the 50-bar MA (4-hourly), another bullish development.
Some Stops were elected above the 8531.00 figure late in yesterday’s North American session, representing the 50% retracement of the move from 9090.00 to 7972.00. Additional upside targets related to that range include 8662.92 and 8826.15. Another important level remains the 8707.00 area, representing the 23.6% retracement of the move from 7467.10 to 9090.00. Following the recent move higher, traders are also interested to see if the pair can establish a base around the 8488.00 level, representing a relative historical high.
Price activity is nearest the 50-bar MA (4-hourly) at 8420.19 and the 100-bar MA (Hourly) at 8591.98.
Technical Support is expected around 7850.10/ 7659.87/ 7343.17 with Stops expected below.
Technical Resistance is expected around 9090.00/ 9532.02/ 9948.12 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) marched higher early in today’s Asian session, adding to the pair’s recent gains following Thursday’s dramatic depreciation from the 288.77 level to the 235.44 area. After Stops were elected above the 50-bar MA (4-hourly) during yesterday’s European session, the pair encountered technical Resistance for several hours around the 263.60 area, representing the 38.2% retracement of the move from 222.88 to 288.77.
Early in today’s Asian session, ETH/USD tested the 275.16 area, an important level that represents the 23.6% retracement of the move from 231.12 to 288.77. After encountering technical Resistance there, the pair retreated lower as traders awaited an indication the market have the strength to elect Stops that are likely above that area. Traders are also paying very close attention to the 281.77 area, a recent relative high that gave way a couple of days ago during the pair’s move higher. If ETH/USD is able to derive additional buying interest, upside targets include 289.64/ 293.56/ 302.20.
Price activity is nearest the 50-bar MA (4-hourly) at 262.45 and the 100-bar MA (Hourly) at 268.30.
Technical Support is expected around 259.88/ 244.96/ 235.44 with Stops expected below.
Technical Resistance is expected around 281.77/ 289.64/ 298.24 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 31 May 2019

Bitcoin
Bitcoin (BTC/USD) depreciated sharply early in today’s Asian session following the pair’s ascent to the 9090.00 level during yesterday’s North American session, its strongest print for several months. Stops were elected above the 8824.74 area during yesterday’s move higher, representing the 76.4% retracement of the move from 8947.88 to 8426.09. BTC/USD depreciated to the 7972.00 level early in the Asian session after Stops were elected below some key retracement areas including 8278.55 and 8087.05.
Stops were also triggered below the 8324.13 level, representing the 50-bar MA (4-hourly), and then below the 8063.08 area, representing the 100-bar MA (4-hourly).  Buying demand emerged just above a key retracement level, as 7966.03 is the 76.4% retracement of the move from 8388.00 to 6600.00.  Chartists are eyeing some additional technical Support below current price activity, especially around the 7910/ 7850/ 7704 levels.
Price activity is nearest the 100-bar MA (4-hourly) at 8063.20 and the 200-bar MA (Hourly) at 8311.61.
Technical Support is expected around 7850.10/ 7659.87/ 7343.17 with Stops expected below.
Technical Resistance is expected around 9090.00/ 9532.02/ 9948.12 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
 
Ethereum
Ethereum (ETH/USD) depreciated sharply early in today’s Asian session as the pair fell to the 235.44 area, its weakest print since in more than one week. ETH/USD had shown some bullishness prior to the depreciation after Stops were triggered above the 274.98 area, representing the 76.4% retracement of the move from 279.55 to 260.20. Additional Stops were elected above recent relative highs including the 279.55 and 281.77 areas.
The pair established a fresh multi-month high around the 288.77 area late in yesterday’s North American session before the sharp selling pressure commenced. During the move lower, additional Stops were triggered below 50-bar MA (4-hourly) and 100-bar MA (4-hourly). Buying demand eventually emerged around a couple of interesting retracement levels, including the 23.6% retracement of the move from 281.77 to 222.88 and the 38.2% retracement of the move from 157.28 to 281.77.
Price activity is nearest the 100-bar MA (4-hourly) at 252.56 and the 200-bar MA (Hourly) at 259.59.
Technical Support is expected around 231.12/ 219.53/ 209.75 with Stops expected below.
Technical Resistance is expected around 281.77/ 289.64/ 298.24 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 30 May 2019

Bitcoin
Bitcoin (BTC/USD) was weaker early in today’s Asian session following a stronger showing during yesterday’s North American session that saw the pair back around the 8760.43 area, just above the 61.8% retracement of the move from 8947.88 to 8426.09. During yesterday’s European session, BTC/USD came off and traded as low as the 8426.09 area after Stops were elected below the 8488.00 area, an important level that was a historical relative high.
Traders are looking to see if the pair can hold the 8598.42 area, representing the 23.6% retracement of the move from 7467.10 to 8947.88. The market has still failed to absorb the 8793.98 and 8852.80 areas with conviction to establish new multi-month highs, and needs to do so to challenge the 9532.39 level, representing the 38.2% retracement of the move from 19891.99 to 3128.89. Above that area, the 9948.12 remains a relative historical high that could provide some technical Resistance.
Price activity is nearest the 50-bar MA (4-hourly) at 8238.70 and the 50-bar MA (Hourly) at 8689.23.
Technical Support is expected around 8488.00/ 8124.10/ 7506.12 with Stops expected below.
Technical Resistance is expected around 9532.02/ 9948.12/ 10121.50 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) was generally weaker early in today’s Asian session after the pair was pushed as high as the 274.25 level during yesterday’s North American session. Traders were eyeing the 274.98 area as an upside price target that represents the 76.4% retracement of the move from 279.55 to 260.20 but the market consolidated late in the North American session. Some Bids were seen around the 269.88 level late in yesterday’s North American session, representing the 50% retracement of the aforementioned range, but they eventually gave way early in today’s Asian session.
ETH/USD has now been trading sideways for a few days as the market looks for direction. Technical Bulls would like to see the pair hold the 261 – 262 area during the next retracement lower with stronger technical Support expected around the 258 – 259 area.  A very important technical level remains the 257.22 area, representing the 23.6% retracement of the move from 828.97 to 80.60.  Below that area, technicians are eyeing the 252.39 area, representing the 23.6% retracement of the move from 157.28 to 281.77.
Price activity is nearest the 50-bar MA (4-hourly) at 257.46 and the 50-bar MA (Hourly) at 269.94.
Technical Support is expected around 260.73/ 243.82/ 231.12 with Stops expected below.
Technical Resistance is expected around 281.77/ 289.64/ 298.24 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily