Sally Ho's Technical Analysis 11 October 2019

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Bitcoin Bitcoin (BTC/USD) was mostly rangebound early in today’s Asian session with the pair trading as high as the 8614.59 level after moving higher from the 8412.50 level during yesterday’s North American session.  Today’s price activity followed a surge higher this week that saw the 8712.45 area tested during Wednesday’s North American session, its strongest print since 24 September following the pair’s sharp decline below the psychologically-important 10000 figure.  This week’s move higher was significant because it saw the 8692.32 area tested, representing the 76.4% retracement of the move from 8995.00 to 7712.45.  BTC/USD moved sharply above the 50-bar MA…
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Sally Ho's Technical Analysis 11 October 2019

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