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Bitcoin Can Inflict More Pain On Bears

Bitcoin is practically back where it was yesterday before the price plunged below the 200 MA on the 4H time frame. It seems as if the price wants to do the same thing again but I highly doubt it. I think we have now seen that the decline below that level was a trap that got more bears onboard. Many of those bears will be shaken out if the price attempts to break out from here breaking the symmetrical triangle to the upside. The 4H chart for BTC/USD shows the price trading within a falling wedge as well that is...

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Bitcoin (BTC) Could Still Inflict More Pain On The Bears Before It Declines

The recent decline in BTC/USD below the 200 MA on the 4H time frame proved to be a false signal. The price is now well above that level having closed above it and is struggling to break past the 38.2% fib retracement level. So far, it has failed to do that but considering that BTC/USD is trading within a large falling wedge, it is reasonable to assume that it might succeed at some point. When that happens, most of the traders that entered bearish positions around the 200 MA when the price was declining will experience a lot of pain....

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Sally Ho's Technical Analysis 13 November 2019

Litecoin Litecoin (LTC/USD) fell to the 59.60 level early in today’s Asian session after trading as high as the 66.19 area during yesterday’s North American session.  The pair’s recent moves above some important technical levels have given traders some short-term optimism that some additional price appreciation could be result. Last weekend, the pair moved above the 59.97 area, representing the 23.6% retracement of the 182.35 – 22.17 range, and then moved above the 62.46 area, representing the 23.6% retracement of the 192.89 – 22.17 range. Additionally, the 100-bar MA (4-hourly) recently moved above the 200-bar MA (4-hourly), another Bullish development....

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Ethereum (ETH) Risks Decline Below A Key Support If Bulls Fail To Save It

Ethereum (ETH) has shown some signs of bullishness recently but now it is beginning to be forced to remain below the 38.2% fib extension level. There are now two possibilities at this point. Either we will see the price break out of the symmetrical triangle to potentially pump again like before or we will see it break trend line support to enter a strong downtrend. So far, ETH/USD remains well above the 200 MA on the 4H time frame. However, things do not take long to change in this market. In my opinion, a lot of people are now waiting...

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Bitcoin (BTC) Price Action Remains Puzzling

Bitcoin is on the verge of a major decline but it was here before and the downtrend was delayed. Now that we are close to the beginning of a major downtrend, we are seeing similar manipulation as before. The market makers and the whales have become too comfortable playing these games in the absence of regulation. If anybody complains, they will just chalk it up to volatility and indecisiveness. If this was happening in the stock market, it would be a whole different story. Anyway, the BTC/USD price action remains marred by confusion. We do not have a clear direction...

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