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Sally Ho’s Technical Analysis 15th March 2019

Bitcoin (BTC/USD) displayed some serious volatility along with many of the majors in the alt-coin complex during Thursday’s North American session. In short order, the pair sharply escalated from around the 3850 level to the 3900.00 figure before bidding a hasty retreat to the 3779 level, and then reclaiming most of its lost ground. Stops were triggered above the 3866.46 level, representing the 200-bar MA (240 minutes) and then the 3878.34 level, representing the 23.6% retracement of the 3655 – 3947.33 range. During the sharp spin lower, BTC/USD encountered technical Support just below the 3780.97 level, representing the 23.6% retracement of the move from 4188.79 to 3655.00.

Yesterday’s volatile move created an Outside Bar and the intraday Low was also around the 200-bar MA(240 minute) which came in around the 3783.02 level.

Technical Support is expected around 3763.333684.133620.14 with Stops expected below.

Technical Resistance is expected around 3977.303987.973997.634026.624062.82 with Stopsexpected above.

Upside price objectives remain around the 4163/ 4358/ 4673 levels.

On 240-minute chart, SlowK is marginally above SlowD and MACD is marginally above MACDAverage.

On 60-minute chart, Price activity is trying to break above the 200-bar MA (3866.89) during today’s Asian session. SlowK is Bullishly diverging from SlowD and MACD has been above MACDAveragesince yesterday’s volatility.

ETH/USD (Ethereum/ US dollar)

Ethereum (ETH/USD) also displayed major volatility during Thursday’s North American session as traders took the pair abruptly Higher, electing Stops above the 200-bar MA (132.90), 100-bar MA(133.62), and 50-bar MA (134.11) before testing major technical Resistance around the 134.91 level, representing the 38.2% retracement of the 222.78 – 80.60 range.

Accounts then pushed ETH/USD sharply Lower and elected Stops below the 129.34 level, representing the 61.8% retracement of the move from 122.75 to 140.00, before Support emerged around the 128.90 level.

Bids are expected around the 126.82 level, representing the 76.4% retracement of the 122.75 (4 Mar) – 140.00 (6 March) range.

Technical Support is expected around the 125.16/ 123.25/ 121.76 levels with Stops expected below.

Technical Resistance is expected around the 137.62/139.13/ 140.61 levels with Stops expected above.

Downside price objectives remain around the 119.57 level.

On 240-minute chart, SlowK has just Bullishly crossed above SlowD and MACD Bullishly crossed above MACDAverage during yesterday’s volatility.

On 60-minute chart, Price activity just moved above the 100-bar MA (131.91), triggering nearly USD 0.50 in Stops, and the 200-bar MA is now at 133.91SlowK has just Bullishly crossed above SlowDand MACD is Bullishly diverging from MACDAverage.

LTC/USD (Litecoin/ US dollar)

Litecoin (LTC/USD) was one of the alt-coins that traded in a volatile manner during yesterday’s North American session as traders pushed the pair Higher and elected Stops above the 55.80 level, representing the 50-bar MA (240 minutes). LTC/USD reached the 57.74 level before spinning Lower.

Traders were unable to challenge the key 58.28 level, representing the 50% retracement of the move from 94.39 to 22.17.

During the rapid deprecation yesterday, LTC/USD tested the 53.11 level, right around the 38.2% retracement of the move from 103.06 to 22.17.

Technical Support is expected around the 51.38/ 49.76/ 45.81 levels with Stops expected below.

Technical Resistance is expected around the 59.97/ 62.68/ 66.80 levels with Stops expected above.

Upside price objectives remain around the 62 and 74 levels.

On 240-minute chart, Price activity remains above the 200-bar MA (51.67). SlowK has Bullishlycrossed above SlowD while MACD is marginally above MACDAverage.

On 60-minute chart, Price activity triggered some Stops yesterday above the 200-bar MA (55.79). SlowK is Bullishly diverging from SlowD and MACD is Bullishly diverging from MACDAverage.

BCH/USD (Bitcoin Cash/ US dollar)

Bitcoin Cash (BCH/USD) rocketed Higher during yesterday’s North American session before plumbing intraday Lows and then retracing. Traders reached Stops above the 130.07 level, representing the 200-bar MA (240 minutes), and then pushed the pair as High as the 133.20 level, just below the important 133.44 level, representing the 38.2% retracement of the move from 109.88 to 157.00.

Traders then elected Stops below the 127.93 level, representing the 50% retracement of the move from 120.36 to 135.50.

Technical Support is expected around the 124.74/ 121.00/ 117.12 levels with Stops below.

Technical Resistance is expected around the 133.91/ 136.91/ 139.00 levels with Stops above.

Downside price objectives remain the 110 and 82 levels.

On 240-minute chart, Price activity Bullishly remains above the 50-bar MA (129.36), 100-bar MA(129.31), and 200-bar MA (130.15). SlowK and SlowD appear to be converging while MACD Bullishlyremains above MACDAverage.

On 60-minute chart, Price activity Bullishly remains above the 50-bar MA (129.18), 100-bar MA(128.45), and 200-bar MA (129.37). SlowK Bullishly remains above SlowD while MACD and MACDAverage have converged.



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