Is it again a good time to buy Bitcoin?

16m
cryptoticker

Bernie Sanders Slams Jamie Dimon On Socialism – They’re Both Wrong

22m
cryptonewmedia

Bitcoin is the Most Popular Crypto Asset Amongst Investors

27m
bitcoinist

TOP 3 Price Predictions: BTC, ETH, XRP — Searching for Levels to Open a Short Position

40m
utoday

Willy Woo Predicted New 'DeFi Unicorn': Details

1h
utoday

Bitcoin (BTC) Expected To Decline Down To $8,000 In The Days Ahead

1h
cryptodaily

Ripple Plummets, Lacks Buyers at Critical Support

2h
coinidol

Bitcoin ‘Needs More’ PR from People Like Peter Schiff: Binance CEO

2h
cointelegraph

Is Kareem Hunt Doomed to Become the Next Josh Gordon?

2h
cryptonewmedia

Ethereum Moves up After a Breakdown

2h
coinidol

Are Exchanges Safer than Private Wallets?

2h
cryptodaily

XRP Index of Liquidity About to Set New Records in Two Largest Corridors

3h
utoday

Are Bulls Exhausted? Bitcoin Slips Below $8,400, Risks Plummeting Under $7,900

4h
zycrypto

The Close Relationship Between The Darknet And Cryptocurrency Prices

4h
zycrypto

Nedbank Not Looking to Shut Down Crypto Exchange Bank Accounts

4h
bitcoinist

Vietnamese Dong to See Listing Support on Binance

4h
cryptodaily

Bitcoin Risk-Return a ‘Different Beast’ Compared to Amazon: Analyst

4h
cointelegraph

Ripple’s IPO Will Help Increase XRP Price: Major XRP Supporter

4h
utoday

Bitcoin’s Github Community Now Boasts of 3000+ Members

5h
bitcoinist

Italy to Use Blockchain in Copyright Protection and Notarization Services

5h
coinidol

This Ripple Backed Firm is Eyeing Indian Market Dominance

5h
bitcoinist

Peter Schiff Keeps Slamming Bitcoin (BTC), While CZ Binance Praises Him for It, Here’s Why

5h
utoday

Protests across France against pensions overhaul

6h
bitcoinwarrior

Cryptocurrency Market Trading Volume Went up Nearly 600% in 2019

6h
beincrypto

Litecoin’s (LTC) Charlie Lee Suggests Miners Donate One Percent of Block Rewards: Details

6h
utoday


Sally Ho’s Technical Analysis 20 July 2019

Bitcoin

Bitcoin (BTC/USD) encountered some slight buying pressure early in today’s Asian session as traders lifted the pair to the 10,457.00 level after Bids emerged around the 10,111.00 area during yesterday’s North American session, just above the 76.4% retracement of the move from 8,919.72 to 13,868.44.  The next upside retracement targets related to this range are the 10,810.13 and 11,394.08 areas. Minor Stops were elected above the 10,649.28 area during yesterday’s Asian session, representing the 38.2% retracement of the move from 13,202.63 to 9,071.00.

The pair encountered some technical Resistance around the 50-bar MA (4-hourly), however, and then had problems breaking above the 10,810.13 area. Traders are interested to see if BTC/USD can eclipse the 11,136.82 area, the 50% retracement of the aforementioned 13,202.63 – 9,071.00 range. Before it is able to test that level, however, chartists are eyeing some technical Resistance around the 10,958 and 11,091 areas. Also, the 200-bar MA (4-hourly) is currently indicating around the 10,933.32 area and the 100-bar MA (4-hourly) is currently indicating around the 11,187.22 level.

Price activity is nearest the 50-bar MA (4-hourly) at 10,626.39 and the 200-bar MA (Hourly) at 10,644.22.

Technical Support is expected around 10,046.06/ 9,532.39/ 9,071.00 with Stops expected below.

Technical Resistance is expected around 11,136.82/ 11,510.44/ 12,227.57 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) made strides higher early in today’s Asian session as the pair traded as high as the 220.86 area after finding Bids around the 213.15 area during yesterday’s North American session.  ETH/USD continues to orbit the 220.44 area, representing the 23.6% retracement of the move from 318.63 to 190.11.  The pair’s next upside retracement levels related to this range include the 239.20 area followed by the 254.37 area.

During yesterday’s European session, the pair tested the 226.56 area, a relative low from 9 June. Chartists are closely watching the 229.46 area, an important area that was tested during yesterday’s Asian session that represents the 61.8% retracement of the move from 146.00 to 364.49.  The next upside level related to that range is the 255.25 area.  Before advancing to some of these upside areas, however, the pair must get through technical Resistance around the 235 – 236 area. Also, the 246.88 area remains a key longer-term price objective.

Price activity is nearest the 50-bar MA (4-hourly) at 236.32 and the 50-bar MA (Hourly) at 218.88.

Technical Support is expected around 206.18/ 183.33/ 165.25 with Stops expected below.

Technical Resistance is expected around 236.43/ 257.22/ 272.56 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.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments