Sally Ho's Technical Analysis 10 October 2019Sally Ho's Technical Analysis 10 October 2019

Bitcoin Bitcoin (BTC/USD) was mostly flat early in today’s Asian session after the pair’s sharp climb higher during yesterday’s North American session tested the 8712.45 area, representing the 76.4% retracement of the move from 8995.00 to 7712.45.  Minor Stops were triggered above that level and the corresponding pullback saw Bids emerge around the 8516 area, right around the 50% retracement of the move from 3136.25 to 13868.44.  The move pushed BTC/USD above its 50-bar MA (hourly), 100-bar MA (hourly), and 200-bar MA (hourly). Bids emerged right around the 50-bar MA (4-hourly) during the pair’s rapid ascent yesterday and some additional…
Source: Sally Ho's Technical Analysis 10 October 2019

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