Sally Ho's Technical Analysis 14 August 2019

Bitcoin Bitcoin (BTC/USD) extended recent losses early in today’s Asian session as the pair traded as low as the 10,467.77 level after Stops were elected below the 10,508.20 area, representing the 38.2% retracement of the move from 5,072.01 to 13,868.44.  The market blew through the 11,136 and 11,624 areas that have recently represented technical Support and technical Resistance for the pair, and technicians are observing key areas below and above those levels. Significant Stops were also elected below the 10,955.39 area, a key retracement level. Also, the 10,810.13 level represents the 61.8% retracement of the move from 8,919.72 to 13,868.44,…
Source: Sally Ho's Technical Analysis 14 August 2019

Leave a Reply

Your email address will not be published. Required fields are marked *

Tags: