Sally Ho's Technical Analysis 17 May 2019

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Bitcoin Bitcoin (BTC/USD) showed some signs of weakness during today’s Asian session as traders drove the pair back around the 7764.19 level, representing the 38.2% retracement of the recent move from 6755.00 to 8388.00.  Late in yesterday’s North American session, the pair fell below the 7709.26 area, representing the 23.6% retracement of the 5512.00 – 8388.00 range.  Another key level that traders are watching is 7598.36, representing the 61.8% retracement of the absolutely lifetime range of BTC/USD. Notably, the pair is now trading below its 50-bar MA (hourly) which is now around 8007.14 and has just moved below its 100-bar…
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Sally Ho's Technical Analysis 17 May 2019

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