Sally Ho's Technical Analysis 16 May 2019


Bitcoin Bitcoin (BTC/USD) expanded recent gains during today’s Asian session, reaching the 8269.69 level after finding some Bids late during yesterday’s European session. The pair generally stayed Bid during yesterday’s North American session and Stops were elected above the 8172.02 area, representing the 76.4% retracement of the move from 8350.00 to 7621.27. Traders continue to speculate whether BTC/USD will explode higher to fresh multi-month highs or whether it will instead consolidate recent gains. The pair continues to tightly hug its 50-bar MA (hourly). Above current price activity, the 9532.02 area is an upside target and it represents the 38.2% retracement…
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Sally Ho's Technical Analysis 16 May 2019

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