Sally Ho's Technical Analysis 14 September 2019

Bitcoin
Bitcoin (BTC/USD) gave back a small amount of gains early in today’s Asian session following the pair’s quick ascent late in yesterday’s North American session that saw traders lift the pair from the 10157 level to the 10392 level, right around the 50% retracement of the move from 10939.34 to 9851.97.  Traders tested the 100-bar MA (4-hourly) around the 10150 area before driving BTC/USD higher late in yesterday’s North American session.  The pair continues to trade above and below both the 50-day MA (4-hourly) and 200-day MA (4-hourly).
If BTC/USD is able to climb above the 10392 area, traders anticipate Offers around the 10523 and 10541 areas, with the former representing the 61.8% retracement of the 10939.34 – 9851.97 range. Another important level above current market activity that traders are watching is the 10820.32 area, representing the 61.8% retracement of the 8929.91 – 13878.63 range.  Stops are likely in place above the 10939 area. Below current market activity, traders continue to monitor the 9765.93 area.
Price activity is nearest the 50-bar MA (4-hourly) at 10,333.78 and the 200-bar MA (Hourly) at 10,338.90.
Technical Support is expected around 9,765.93/ 9,532.39/ 9,265.49 with Stops expected below.
Technical Resistance is expected around 10,833.14/ 11,136.82/ 11,759.72 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) slid slightly lower early in today’s Asian session as the pair traded as low as the 180.90 area after trading as high as the 181.85 area late in yesterday’s North American session.  Traders lifted the pair from yesterday’s daily low of 177.57 during the North American session, just below the 50-bar MA (4-hourly).  Notably, yesterday’s daily high and today’s intraday high are around the 76.4% retracement of the 148.91 – 288.87 range. 
Stops were elected above the 181.04 area during yesterday’s ascent, representing the 23.6% retracement of the 164.99 – 186.00 range.  Above current market activity, traders continue to anticipate selling pressure around the 183.33 area, representing the 23.6% retracement of the 515.88 – 80.60 range.  Above that area, selling pressure is expected around the 187 – 190 area and the 191.40 level represents the 50% retracement of the 302.20 – 80.60 range.
Price activity is nearest the 200-bar MA (4-hourly) at 184.23 and the 100-bar MA (Hourly) at 179.45.
Technical Support is expected around 172.88/ 167.80/ 165.25 with Stops expected below.
Technical Resistance is expected around 188.38/ 191.40/ 201.38 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 11 September 2019

Bitcoin
Bitcoin (BTC/USD) appreciated slightly early in today’s Asian session as the pair climbed to the 10297.12 area after finding a bid around the 9916.00 area during yesterday’s North American session, below the 9938.16 area that represents the 61.8% retracement of the move from 7508.77 to 13868.44.  The pair was steadily pressured lower from yesterday’s Asian session and Stops were elected below the 100-bar MA (4-hourly) late in yesterday’s European session.  Notably, the intraday high during today’s Asian session is right around the 61.8% retracement of the recent 10541.75 – 9318.00 range, an indication that technicals are impacting the short-term.
The 50-bar MA (4-hourly) crossed above the 200-bar MA (4-hourly), and this could be a Bullish indication that results in some upward price momentum in the short-term.  Chartists are continuing to observe the pair’s short-term movements around the 100-bar MA (4-hourly), currently indicating around the 10150.33 area.  Also, the pair continues to trade below the 50-bar MA (hourly), 100-bar MA (hourly), and 200-bar MA (hourly).  Below current market activity, the 9765.93 area represents the 38.2% retracement of the move from 3128.89 – 13868.44. Above current market activity, the 10688.61 area represents the 50% retracement of the 7508.77 – 13868.44 range.
Price activity is nearest the 100-bar MA (4-hourly) at 10,150.27 and the 50-bar MA (Hourly) at 10,258.58.
Technical Support is expected around 9,765.93/ 9,532.39/ 9,265.49 with Stops expected below.
Technical Resistance is expected around 10,833.14/ 11,136.82/ 11,759.72 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.
 
Ethereum
Ethereum (ETH/USD) gained ground early in today’s Asian session as the pair appreciated to the 182.49 area after finding Bids around the 176.60 area during yesterday’s North American session.  Today’s intraday high is right around the 61.8% retracement of the recent 186.00 – 176.60 range, an indication that near-term price activity is being influenced by short-term technicals. Above this area, the 183.78 area represents the 76.4% retracement of the same range. 
The 50-bar MA (4-hourly) just crossed above the 100-bar MA (4-hourly), a bullish development, and the pair found some buying activity around both levels late in yesterday’s North American session. Above current market activity, the 200-bar MA (4-hourly) will provide additional technical Resistance. The pair escalated above the 50-bar MA (hourly) early in today’s Asian session and is also trading above the 100-bar MA (hourly) and the 200-bar MA (hourly). An important level that traders continue to monitor is the 183.33 area, representing the 23.6% retracement of the move from 515.88 to 80.60.  Chartists are observing likely selling pressure around the 188.36 – 190.40 range.
Price activity is nearest the 50-bar MA (4-hourly) at 177.57 and the 50-bar MA (Hourly) at 180.57.
Technical Support is expected around 172.88/ 167.80/ 165.25 with Stops expected below.
Technical Resistance is expected around 188.38/ 191.40/ 201.38 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.
Source: Crypto Daily

Sally Ho's Technical Analysis 9 September 2019

Litecoin
Litecoin (LTC/USD) gained ground early in today’s Asian session as the pair appreciated to the 70.46 area after encountering some difficult technical Resistance during yesterday’s European and North American sessions. During yesterday’s Asian session, the pair traded as high as the 72.25 level before coming off and then depreciated as low as the 68.01 area during yesterday’s European session. LTC/USD briefly traded below the 100-bar MA (4-hourly) during its pullback, and then orbited the 69.47 area for a couple of trading sessions, a level that represents the 61.8% retracement of the 22.17 – 146.00 range.
Sentiment continues to remain weak for LTC/USD with a significant chance of further erosion on the downside. There is a legitimate possibility the pair could depreciate further to the 64.86 area and then weaken to test the 62.58 area, representing the 38.2% retracement of the move from 127.95 to 22.17.  Some chartists are speculating the pair could also depreciate to test the 59.97 and 51.39 areas, a downward move that could possibly open up a downside price objective around the 47.13 area if the pair gets below the psychologically-important 50.00 figure.
Price activity is nearest the 100-bar MA (4-hourly) at 68.55 and the 50-bar MA (Hourly) at 68.35.
Technical Support is expected around 64.86/ 59.97/ 51.00 with Stops expected below.
Technical Resistance is expected around 75.06/ 83.36/ 87.54 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.
 
Bitcoin Cash
Bitcoin Cash (BCH/USD) gained some ground early in today’s Asian session as the pair reached the 304.99 area after buying activity lifted the pair higher from the 293.57 area during yesterday’s European session. Yesterday’s move lower saw traders push the pair below the 100-bar MA (4-hourly), then indicating around the 295.90 area. Prior to the move lower yesterday, the pair traded above the 200-bar MA (4-hourly), then indicating around the 308.61 area. BCH/USD’s depreciation yesterday also saw it weaken to test the 50-bar MA (hourly) and 100-bar MA (hourly), even trading below this area before rebounding higher. 
The pair’s sentiment remains relatively mixed at the moment as BCH/USD Bears have shown their strength by pushing the pair below the psychologically-important 300.00 figure and the pair has recently shown the ability to trade above the 350.00 area. One immediate challenge for BCH/USD Bulls will be to trade above the 200-bar MA (4-hourly), currently indicating around the 307.79 area. Another important upside level is the 312.81 area, representing the 50% retracement of the 358.58 – 267.03 range.
Price activity is nearest the 200-bar MA (4-hourly) at 307.79 and the 50-bar MA (Hourly) at 297.83.
Technical Support is expected around 275.42/ 262.40/ 237.83 with Stops expected below.
Technical Resistance is expected around 312.81/ 323.61/ 331.48 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.
Source: Crypto Daily

Sally Ho's Technical Analysis 7 September 2019

Litecoin
Litecoin (LTC/USD) traded lower early in today’s Asian session, reaching a low of 63.87, as the pair continues to exhibit weakness and trade just above some very important technical downside levels.  Earlier this week, the pair appreciated and tested the 100-bar MA (4-hourly), then trading around the 70.75 area but Bulls were unable to push the pair higher above that technical Resistance.  Traders are searching for direction around the 50-bar MA (4-hourly) after pushing LTC/USD below this area on Thursday.
One very important level that traders are watching is the 62.58 area, representing the 38.2% retracement of the move from 127.95 to 22.17.  LTC/USD tested this area between 29 August and 31 August, evidence of its technical significance. If that levels gives way, chartists will be curious to see if Bears have the strength to test the 59.97 area, another important downside price target that represents the 23.6% retracement of the 182.35 – 22.17 range. The 51.39 and 47.13 levels are also downside price targets where technical Support may emerge.
Price activity is nearest the 50-bar MA (4-hourly) at 65.84 and the 200-bar MA (Hourly) at 65.83.
Technical Support is expected around 59.97/ 51.00/ 44.65 with Stops expected below.
Technical Resistance is expected around 68.84/ 75.06/ 83.36 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) maintained its relatively weak bias early in today’s Asian session as the pair continued to trade below the psychologically-important 300.00 figure after diving to the 278.60 area late in yesterday’s North American session. Last week, the pair traded as high as the 306.37 area before moving back below the 300.00 figure and towards its recent low of 270.17.  Levels related to this range include the 284.00 and 278.71 areas on the downside, with 297.83 being an important level on the upside.
Below current market activity, the 262.40 area is an important downside price target that represents the 23.6% retracement of the 885.04 – 70.07 range. Above current market activity, the 331.48 area is another important upside price target.  In recent trading sessions, BCH/USD has traded mostly below the 100-bar MA (4-hourly), and continues to circle the 50-bar MA (4-hourly). Interestingly, the pair is also now Bearishly trading below the 200-bar MA (hourly).  Also, the pair’s recent move below the 50-bar MA (hourly) has seen it test the 100-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 319.57 and the 100-bar MA (Hourly) at 314.96.
Technical Support is expected around 275.42/ 262.40/ 237.83 with Stops expected below.
Technical Resistance is expected around 297.83/ 306.37/ 323.01 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 31 August 2019

Bitcoin
Bitcoin (BTC/USD) glided higher early in today’s Asian session as the pair traded as high as the 9649.01 area following a move to the 9699.00 level late in yesterday’s North American session.  Bids emerged around the 9451.67 area during yesterday’s North American session and Bids also emerged there during yesterday’s European session.  Notably, that levels represent the 50% retracement of the move from 9,321.73 to 9,572.99.  During yesterday’s Asian session, the pair traded as low as the 9337.97 area before gaining ground.
If BTC/USD Bulls are able to take command in the near-term, one of the first important levels they may seek to test is the 9,765.93 area, representing the 38.2% retracement of the move from 3128.89 to 13868.44.  Offers are then anticipated between the 9938 and 10046 levels and traders will pay very close attention to market activity around the psychologically-important 10000 figure. Above those areas, the 50-bar MA (4-hourly) is currently indicating around the 10005.55 level.
Price activity is nearest the 50-bar MA (4-hourly) at 10,005.55 and the 50-bar MA (Hourly) at 9,530.38.
Technical Support is expected around 9,265.49/ 8,919.72/ 8,488.00 with Stops expected below.
Technical Resistance is expected around 9,964.93/ 10,101.47/ 10,238.00 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) was slightly stronger early in today’s Asian session as the pair reached the 169.53 area following a move to the 165.63 area during yesterday’s North American session.  Also, the pair traded as low as the 165.30 level during yesterday’s Asian session, an area that is right around the 38.2% retracement of the move from 302.20 to 80.60. During yesterday’s European session, the pair traded as high as the 170.43 area.  Above that area, traders anticipate Offers between the 171.10 and 171.39 levels, but these are unlikely to be too strong because the pair traded around the 172.00 figure on 29 August.
Chartists are observing the 173.80 area as an important upside target as this was the pair’s high following its massive depreciation last week from the 185.78 area. Above the 173.80 levels, ETH/USD must get above the 175.75 and 178.62 areas with additional selling pressure expected around the 182.17 area. Additional selling pressure is expected between the 181 – 183 levels followed by Offers anticipated around the 187 – 189 areas.
Price activity is nearest the 50-bar MA (4-hourly) at 183.17 and the 50-bar MA (Hourly) at 168.71.
Technical Support is expected around 165.25/ 152.08/ 142.22 with Stops expected below.
Technical Resistance is expected around 178.77/ 181.84/ 187.46 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 29 August 2019

Bitcoin
Bitcoin (BTC/USD) was relatively quiet early in today’s Asian session following its massive depreciation late in the North American session that saw the pair decline below the psychologically-important 10,000 figure and reach the 9522.93 area, just below the 38.2% retracement of the 19,891.99 – 3128.89 range. The technical Bids that emerged around yesterday’s daily low pushed the pair back to the 9749.40 area, shy of the 9765.83 that remains a technical level.  The move lower also pushed the pair further below the 50-bar MA (4-hourly) and 50-bar MA (hourly).
Stops were elected below the 9880.59 area during the move lower in BTC/USD, a level that had served as technical Support in recent trading sessions and one that represents the 61.8% retracement of the move from 7427.00 to 13,850.00.  One area traders are now focusing on is the 9689 area, a downside price objective target relating to a recent high around 13,202 on 10 July. Other similar areas include 9758 and 9921 and chartists observing current price activity expect the markets may orbit these levels in the near-term.
Price activity is nearest the 50-bar MA (4-hourly) at 10,155.34 and the 50-bar MA (Hourly) at 10,076.58.
Technical Support is expected around 9,265.49/ 8,919.72/ 8,488.00 with Stops expected below.
Technical Resistance is expected around 9,964.93/ 10,101.47/ 10,238.00 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) continued its recent weakness early in today’s Asian session as the pair traded as low as the 165.90 area following its dive from the 187.92 area during yesterday’s North American session.  The pair was unable to again test the 50-bar MA (4-hourly) before its significant plunge, an indication of additional short-term bearishness ahead.  Some sizable Stops were reached below the 175.06 area and the 172.88 area, both of which are retracement areas. Traders were also able to elect Stops below the 167.80 area, representing the 50% retracement of the move from 255.00 to 80.60.
ETH/USD found some technical Bids above the 165.25 area, a level that represents the 38.2% retracement of the 302.20 – 80.60 range. Stops were also triggered below the 183.84 area, a downside price extension objective related to a relative recent high of 318.60 reached on 8 July. Another major downside level for ETH/USD is the 152.08 area, followed by another downside target around the 142.22 area. Market sentiment is likely to remain Bearish in the short-term.
Price activity is nearest the 50-bar MA (4-hourly) at 187.82 and the 50-bar MA (Hourly) at 183.81.
Technical Support is expected around 165.25/ 152.08/ 142.22 with Stops expected below.
Technical Resistance is expected around 178.77/ 181.84/ 187.46 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

Sally Ho's Technical Analysis 25 August 2019

Bitcoin
Bitcoin (BTC/USD) continued to consolidate recent gains early in today’s Asian session as the pair traded back below the psychologically-important 10,000 figure following its recent move to a relative high of 10,478.00.  Stops were elected below the 10,033.66 area during the move lower, representing the 61.8% retracement of the move from 9,759 to 10,478.  Bids emerged around the 9,880.59 area, representing the 61.8% retracement of the move from 7,427 to 13,850.
BTC/USD Bears also triggered Stops below the 10,218.54 area during the pullback, the area where the 50-bar MA (hourly) was then indicating.  The pair’s short-term outlook and bias again looks weak, and chartists are again considering some downside price objectives. The 9,285 and 9,071 levels are potential areas of technical Support, as well as the 8,203.91 level, representing the 61.8% retracement of the move from 4,702.53 to 13,868.44.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Price activity is nearest the 50-bar MA (4-hourly) at 10,340.16 and the 50-bar MA (Hourly) at 10,218.40.
Technical Support is expected around 9,765.93/ 9,265.49/ 8,919.72 with Stops expected below.
Technical Resistance is expected around 10,367.06/ 10,508.20/ 11,136.82 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) slumped lower early in today’s Asian session as the pair continued to move away from the psychologically-important 200.00 figure following its recent test of the 196.66 area. The pair briefly traded above the 196.15 level, representing the 76.4% retracement of the move from 144.15 to 364.49.  Bids emerged during ETH/USD’s pullback around the 186.36 area, representing the 61.8% retracement of the move from 180.00 to 196.66. 
Above current market activity, the 50-bar MA (4-hourly) once again represents technical Resistance, and chartists are looking to see if the pair will remain Given above the 190.98 level.  The 200-bar MA (hourly) has just crossed above the 100-bar MA (hourly), a Bearish development that could lead to additional selling pressure.  Traders are focusing on a couple of important short-term downside price targets, including the 183 and 178 levels.
Price activity is nearest the 50-bar MA (4-hourly) at 191.06 and the 100-bar MA (Hourly) at 190.47.
Technical Support is expected around 183.93/ 181.84/ 178.47 with Stops expected below.
Technical Resistance is expected around 206.18/ 209.75/ 217.55 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 20 August 2019

Bitcoin
Bitcoin (BTC/USD) orbited the psychologically-important 10,000 figure early in today’s Asian session as traders attempted to build upon the positive upward momentum that saw traders reclaim the 10,000 figure last weekend.  The 10,508.20 level emerged as an important one late in the weekend when traders tested it, an area that represents the 38.2% retracement of the move from 5,072.01 to 13,868.44.  Bids have recently emerged at multiple important technical levels over recent trading sessions, and this is indicative of a stronger upward bias.
These levels include the 9,470.23 area, representing the 50% retracement of the move from 5,072.01 to 13,868.44. Additional buying pressure also emerged around the 9,765.93 area, followed by Bids around the 9,765.93 level and the 10,087.62 area. Chartists are observing some upward price pressures around the 10,955.39 and 11,262.06 areas.  Additional selling pressure is expected between the 11,262 and 11,439 areas.
Price activity is nearest the 200-bar MA (4-hourly) at 10,516.18 and the 50-bar MA (Hourly) at 10,287.61.
Technical Support is expected around 9,765.93/ 9,265.49/ 8,919.72 with Stops expected below.
Technical Resistance is expected around 10,638.50/ 10,810.13/ 11,136.82 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) continued its advance towards the psychologically-important 200.00 figure early in today’s Asian session as traders sought to push market activity above this level for the first time since 14 August.  The 183.33 area emerged as an important one last week as buying activity emerged around that level, representing the 23.6% retracement of the move from 515.88 to 80.60.  Traders then succeeded in pushing the rate above the 100-bar MA (hourly) and traders then tested the 200-bar MA (hourly).
Chartists note that the 50-bar MA (4-hourly) emerged as a technical barrier during the move higher, and traders are attempting to establish some buying pressure above this level. The 100-bar MA (4-hourly) and 200-bar MA (4-hourly) are also upside price targets that traders will need to challenge, along with the 209.75 area that represents the 23.6% retracement of the move from 627.83 to 80.60.  Selling pressure and Offers are anticipated between the 217.55 and 220.40 areas.
Price activity is nearest the 50-bar MA (4-hourly) at 197.73 and the 200-bar MA (Hourly) at 197.65.
Technical Support is expected around 178.47/ 165.25/ 157.28 with Stops expected below.
Technical Resistance is expected around 201.38/ 206.18/ 217.55 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 18 August 2019

Bitcoin
Bitcoin (BTC/USD) continued to hover around some key technical levels early in today’s Asian session as the pair continues to orbit the 10,367.06 area, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44.  The pair did not really deviate from this area during yesterday’s Asian session or European session. The pair traded as low as the 9,470.00 level this week, its weakest print since late July and a level that is right around the 50% retracement of the move from 5,072.01 to 13,868.44. Given the pair’s recovery back above the psychologically-important 10,000 figure, its short-term bias is questionable.
Below current market activity, the 9,921, 9,758, and 9,689 areas were levels that traders challenged on the downside, triggering Stops below. Above current market activity, the 10,548.63 and 11,032.37 were originally downside price objectives that BTC/USD Bulls will attempt to test again. Chartists are observing the 50-bar MA (4-hourly) above current market activity, currently indicating around the 10,899.27 area. Upside price targets include the 10,810.13 and 11,136.02 levels.
Price activity is nearest the 200-bar MA (4-hourly) at 10,529.24 and the 100-bar MA (Hourly) at 10,337.96.
Technical Support is expected around 9,765.93/ 9,265.49/ 8,919.72 with Stops expected below.
Technical Resistance is expected around 10,638.50/ 10,810.13/ 11,136.82 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) continued to orbit a key technical level early in today’s Asian session as the pair continues to trade around the 183.33 area, representing the 23.6% retracement of the move from 515.88 to 80.60.  Notably, the pair traded as low as the 171.00 figure this week, its weakest showing since May and a level that was reached after the pair traded as high as the 216.58 area last weekend. Significant Stops were elected below the 195.31 and 189.05 areas during the pair’s move lower this week, both of which were downside price extension objectives related to the pair’s June high of 364.49.
ETH/USD also continues to closely trade around its 50-bar MA (hourly), currently indicating around the 184.95 area.  Technically, the pair must attempt to establish a base above this area and then target the 100-bar MA (hourly) and 200-bar MA (hourly), both of which are currently indicating around the 191.44 and 200.99 levels. One important level that traders are watching is the 165.25 area, a downside price extension objective. Additionally, the 157.28 area is another downside price extension objective that chartists are paying close attention to, given the pair’s ongoing weak sentiment.
Price activity is nearest the 50-bar MA (4-hourly) at 200.68 and the 50-bar MA (Hourly) at 184.95.
Technical Support is expected around 178.47/ 165.25/ 157.28 with Stops expected below.
Technical Resistance is expected around 197.56/ 206.18/ 217.55 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 17 August 2019

Bitcoin
Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair escalated higher to the 10,321.01 level after steady buying activity emerged during yesterday’s European and North American sessions.   The pair has traded as low as the 9,470.00 level this week, its weakest print since late July and a level that is right around the 50% retracement of the move from 5,072.01 to 13,868.44.  BTC/USD continues to trade below its 50-bar MA (4-hourly), 100-bar MA (4-hourly), and 200-bar MA (4-hourly), and is trading between its 50-bar MA (hourly) and 100-bar MA (hourly). Following the pair’s recent sell-off, traders are looking to see if the pair can establish a base above its 50-bar MA (hourly).
Below current market activity, the 9,921, 9,758, and 9,689 areas were levels that traders challenged on the downside, triggering Stops below. Above current market activity, the 10,548.63 and 11,032.37 were downside price objectives that BTC/USD Bulls will attempt to test again. The pair’s bias will likely remain negative in the short-term, and will partially be determined by how well the pair trades around the psychologically-important 10,000 figure.
Price activity is nearest the 200-bar MA (4-hourly) at 10,529.26 and the 100-bar MA (Hourly) at 10,518.90.
Technical Support is expected around 9,765.93/ 9,265.49/ 8,919.72 with Stops expected below.
Technical Resistance is expected around 10,638.50/ 10,810.13/ 11,136.82 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) gained a little bit of ground early in today’s Asian session as the pair climbed higher to the 187.00 figure after Bids emerged around the 178.47 area during yesterday’s European session.   The pair traded as low as the 171.00 figure this week, its weakest showing since May and a level that was reached after the pair traded as high as the 216.58 area last weekend. Significant Stops were elected below the 195.31 and 189.05 areas during the pair’s move lower this week, both of which were downside price extension objectives related to the pair’s June high of 364.49.
Chartists observe that the pair continues to trade below its 50-bar MA (4-hourly), 100-bar MA (4-hourly), 200-bar MA (4-hourly), 50-bar MA (hourly), 100-bar MA (hourly), and 200-bar MA (hourly). Another important level that traders are watching is the 165.25 area, a downside price extension objective. Additionally, the 157.28 area is another downside price extension objective that chartists are paying close attention to, given the pair’s ongoing weak sentiment.
Price activity is nearest the 50-bar MA (4-hourly) at 203.32 and the 50-bar MA (Hourly) at 184.73.
Technical Support is expected around 178.47/ 165.25/ 157.28 with Stops expected below.
Technical Resistance is expected around 197.56/ 206.18/ 217.55 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 August 2019

Bitcoin
Bitcoin (BTC/USD) gained a little bit of ground early in today’s Asian session as the pair appreciated to the 10,245.67 level after extending recent losses to the psychologically-important 10,000.00 figure during yesterday’s North American session.  Stops were elected below the 10,067.62 area during the move lower, representing the 76.4% retracement of the move from 8,919.72 to 13,868.44.  Following the pair’s move below the 200-bar MA (4-hourly) during yesterday’s Asian session, traders were unable to push and sustain a move back above the 200-bar MA (4-hourly) during yesterday’s European and North American sessions.
BTC/USD also continues to trade well below its 50-bar MA (hourly), 100-bar MA (hourly), and 200-bar MA (hourly).  The 10,638.50 area has been technical Resistance over the last day, representing the 50% retracement of the move from 7,427.00 to 13,850.00.  Given the pair’s current weaker bias, traders are identifying some downside price objectives. These include the 9,765, 9.265, and 8,919 areas ahead of the important 8,488 level.
Price activity is nearest the 200-bar MA (4-hourly) at 10,597.18 and the 50-bar MA (Hourly) at 10,825.17.
Technical Support is expected around 9,765.93/ 9,265.49/ 8,919.72 with Stops expected below.
Technical Resistance is expected around 10,367.06/ 10,810.13/ 11,136.82 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) climbed a little higher early in today’s Asian session but only after a massive depreciation during yesterday’s North American session that saw the pair decline to the 181.60 area, a quick move lower from the 206.19 level. The pair was capped around the 209.75 level during yesterday’s Asian session, an important level that represents the 23.6% retracement of the move from 627.83 to 80.60. Also, the 206.18 level has emerged as technical Resistance.
During the pair’s depreciation during yesterday’s North American session, Bids finally emerged around the 181.84 area, representing the 76.4% retracement of the move from 148.81 to 288.77.  ETH/USD clearly has a downward bias, and one level that chartists are now focusing on is the 165.25 area, representing the 38.2% retracement of the move from 302.20 to 80.60. Sizable Stops are thought to be in place below the 181.84 area.
Price activity is nearest the 50-bar MA (4-hourly) at 213.09 and the 50-bar MA (Hourly) at 205.32.
Technical Support is expected around 181.84/ 165.25/ 157.28 with Stops expected below.
Technical Resistance is expected around 197.56/ 206.18/ 217.55 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 14 August 2019

Bitcoin
Bitcoin (BTC/USD) extended recent losses early in today’s Asian session as the pair traded as low as the 10,467.77 level after Stops were elected below the 10,508.20 area, representing the 38.2% retracement of the move from 5,072.01 to 13,868.44.  The market blew through the 11,136 and 11,624 areas that have recently represented technical Support and technical Resistance for the pair, and technicians are observing key areas below and above those levels. Significant Stops were also elected below the 10,955.39 area, a key retracement level.
Also, the 10,810.13 level represents the 61.8% retracement of the move from 8,919.72 to 13,868.44, and sizable Stops were triggered below this area.  Above current market activity, the 11,705/ 11,759/ 11,978 levels represent technical Resistance, and each of those areas is above the 50-bar MA (4-hourly). Below market activity, the 10,367 and 10,087 levels represent downside technical Support.
Price activity is nearest the 200-bar MA (4-hourly) at 10,624.81 and the 50-bar MA (Hourly) at 11,200.18.
Technical Support is expected around 10,367.06/ 10,271.87/ 10,087.62 with Stops expected below.
Technical Resistance is expected around 10,810.13/ 10,955.38/ 11,136.82 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) continues to attempt to establish new ground above the psychologically-important 200.00 figure but has remained in a relatively tight range over the past several trading sessions, with the 202.27 level serving as important technical Support. If ETH/USD is able to gain additional ground, its first major challenge will be the 226.56 area, with Offers expected between the 235 and 239 levels.
Technicians note that the 50-bar MA (4-hourly), 100-bar MA (4-hourly), and 200-bar MA (4-hourly) are converging above current market activity, and this may have a negative impact on market sentiment.  If selling pressure emerges, technicians will continue to anticipate some technical Support around the 202.27 level, an area where Bids have recently emerged. Below that level, the 197.56 and 191.40 areas are levels where additional technical Support is likely to emerge.
Price activity is nearest the 50-bar MA (4-hourly) at 216.25 and the 50-bar MA (Hourly) at 209.92.
Technical Support is expected around 202.27/ 197.56/ 191.40 with Stops expected below.
Technical Resistance is expected around 222.55/ 229.46/ 239.45with 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.
Source: Crypto Daily

Sally Ho's Technical Analysis 12 August 2019

Bitcoin
Bitcoin (BTC/USD) searched for a fresh market bias early in today’s Asian session as the pair continues to take cues from important technical levels. During yesterday’s European session, the pair fell sharply to the 11,088.88 area before bouncing higher, a level that is right around the 38.2% retracement of the move from 6,600.00 to 13,868.44. BTC bulls continue to try to establish a base around the psychologically-important 12,000 figure, a possibility especially after several recent tests of the technically-important 11,978.03 area, representing the 38.2% retracement of the move from 8,919.72 to 13,868.44. Likewise, BTC/USD Bulls are trying to establish technical Bids above the 50-bar MA (4-hourly) and 100-bar MA (4-hourly).
Stops were elected below the 11,439 and 11,394 areas during yesterday’s move lower, both of which represent important technical levels. Additionally, the 50-bar MA (4-hourly) continues to climb, and this may be supportive of BTC/USD in the short-term. Chartists also continue to eye the 11,950.79 level, representing the 76.4% retracement of the move from 13,204.24 to 7,893.01.
Price activity is nearest the 50-bar MA (4-hourly) at 11,535.21 and the 50-bar MA (Hourly) at 11,513.23.
Technical Support is expected around 11,175.35/ 10,688.61/ 10,271.87 with Stops expected below.
Technical Resistance is expected around 12,367.56/ 12,873.12/ 13,488.49 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 Bullishly above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) sought fresh market sentiment early in today’s Asian session as the pair continues to trade above the psychologically-important 200.00 figure and orbit the 209.75 level, representing the 23.6% retracement of the move from 627.83 to 80.60. The move to 200.38 during Saturday’s European session was abrupt and some Stops were elected below the 202.27 level.  Market bias may continue to weaken given the pair’s gyrations below the 50-bar MA (4-hourly), 100-bar MA (4-hourly), and 200-bar MA (4-hourly), levels that will render it more challenging to make progress on the upside.
Chartists observe that the 223.22 level represents the 38.2% retracement of the move from 197.00 to 239.45.  Given the pair’s recent move lower, it will become increasingly difficult for ETH/USD Bulls to push the pair higher.  If sentiment continues to weaken for ETH/USD, traders are observing technical Support around the 202 and 197 areas, with stronger Bids expected around the 191.40 level. On the upside, the 224.59 and 227.43 levels represent technical Resistance for the pair.
Price activity is nearest the 100-bar MA (4-hourly) at 216.99 and the 100-bar MA (Hourly) at 214.51.
Technical Support is expected around 202.27/ 197.56/ 191.40 with Stops expected below.
Technical Resistance is expected around 222.55/ 229.46/ 239.45with 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 11 August 2019

Bitcoin
Bitcoin (BTC/USD) continued to search for direction early in today’s Asian session as traders continue to keep the pair confined to a relatively tight range.  BTC bulls continue to eye the psychologically-important 12,000 figure, especially after several recent tests of the technically-important 11,978.03 area, representing the 38.2% retracement of the move from 8,919.72 to 13,868.44. BTC bears continue to find headwinds around the 11,439 and 11,394 areas, both of which represent important technical levels. Additionally, the 50-bar MA (4-hourly) is now indicating around the 11,415.93 level.
Below these areas, Bids appear to be stronger around the 11,136.82 area, representing the 50% retracement of the move from 13,202.63 to 9,071.00. A couple of additional technical levels are limiting BTC/USD’s ability to react to new sentiment. On the upside, the 12,052.92 area has been tested multiple times and represents the 76.4% retracement of the move from 12,320.40 to 11,187.00. On the downside, the 11,454.48 level has been tested a couple of times and represents the 23.6% retracement of the same range. Chartists also continue to eye the 11,950.79 level, representing the 76.4% retracement of the move from 13,204.24 to 7,893.01.
Price activity is nearest the 50-bar MA (4-hourly) at 11,415.93 and the 50-bar MA (Hourly) at 11,795.93.
Technical Support is expected around 11,175.35/ 10,688.61/ 10,271.87 with Stops expected below.
Technical Resistance is expected around 12,367.56/ 12,873.12/ 13,488.49 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.
 
Ethereum
Ethereum (ETH/USD) continued to orbit the technically-significant 209.75 level early in today’s Asian session as traders continue to reprice risk following the pair’s depreciation from the 239.45 level last week.  Following last week’s depreciation, Bids emerged around the 206.50 level, just above the 76.4% retracement of the move from 157.28 to 364.49. A couple of notable technical levels have emerged over the last few trading sessions. The 224.59 level represents the 23.6% retracement of the move from 239.45 to 220.00. 
Also, the 223.22 level represents the 38.2% retracement of the move from 197.00 to 239.45.  Given the pair’s recent move lower, it will become increasingly difficult for ETH/USD Bulls to push the pair higher. The 100-bar MA (4-hourly) is now indicating around the 217.92 level and the 50-bar MA (4-hourly) is now indicating around the 222.17 area.  If sentiment continues to weaken for ETH/USD, traders are observing technical Support around the 202 and 197 areas, with stronger Bids expected around the 191.40 level.
Price activity is nearest the 100-bar MA (4-hourly) at 217.92 and the 50-bar MA (Hourly) at 215.19.
Technical Support is expected around 202.27/ 197.56/ 191.40 with Stops expected below.
Technical Resistance is expected around 222.55/ 229.46/ 239.45with 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.
Source: Crypto Daily

Sally Ho's Technical Analysis 10 August 2019

Bitcoin
Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed to the 11,945.00 area after finding technical Support around the 11,645.32 area during yesterday’s European and North American sessions, representing the 38.2% retracement of the move from 8,048.75 to 13,868.44.  Bulls continue to chip away at the 11,978.03 area, a level that has served as technical Resistance over the past several trading sessions with a little bit of trading activity above it. The pair continues to trade well above its 50-bar MA (4-hourly) and continues to oscillate above and below its 50-bar MA (hourly). The 11,950 level continues to draw serious interest from traders as it represents a downside price objective that developed when the pair descended from the 13,204 level in July.
BTC/USD bears are observing additional downside price objectives related to the depreciation from the 13,204 level, including 11,175 and 10,548. Chartists are observing a recent range that saw the pair trade between 12,320.40 and 11,187.00 and how price activity reacted at retracement levels related to that range. Offers emerged around the 12,052.92 area, representing the 76.4% retracement of the range, while Bids were seen around the 11,154.48 level, representing the 23.6% retracement of the range. Additional important upside price targets include the 12,367.56 and 12,873.12 levels.
Price activity is nearest the 50-bar MA (4-hourly) at 11,327.19 and the 50-bar MA (Hourly) at 11,813.32.
Technical Support is expected around 11,175.35/ 10,688.61/ 10,271.87 with Stops expected below.
Technical Resistance is expected around 12,367.56/ 12,873.12/ 13,488.49 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) moderated early in today’s Asian session after the pair dipped lower and traded as low as the 206.50 area, right around the 76.4% retracement of the move from 157.28 to 364.49.  The pair continues to orbit the 209.75 level, representing the 23.6% retracement of the 627.83 – 80.60 range. Traders have been reluctant to take the pair too far above the 222.55 area, an important technical level that represents the 50% retracement of the 80.60 -364.49 range. Additionally, the 50-bar MA (4-hourly) and the 200-bar MA (4-hourly) have acted as technical Support and technical Resistance for most of the month of August.
If ETH/USD is able to resume its upward trajectory and move above the 222.55 level, traders are eyeing the 229.46 area as another important upside target. If market sentiment becomes bearish, the 191 level may again be tested. Before that level, the 202.27 and 197.56 levels are where many chartists expect Bids. The pair is now bearishly trading well below its 200-bar MA (hourly), 100-bar MA (hourly), and 50-bar MA (hourly).
Price activity is nearest the 100-bar MA (4-hourly) at 217.98 and the 50-bar MA (Hourly) at 217.61.
Technical Support is expected around 202.27/ 197.56/ 191.40 with Stops expected below.
Technical Resistance is expected around 222.55/ 229.46/ 239.45with 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.
Source: Crypto Daily