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Decisive Bitcoin Moves Up Ahead

The cryptocurrency market seems to be on the verge of a major move. Volume is drying up and we are now at a point where the stakes are too high. BTC/USD is still trading within a symmetrical triangle and the bulls and the bears continue to be heavily divided over the future direction of this market. The next big move is near and it is going to be decisive. In both the stock market and the cryptocurrency market, the majority of the stakeholders want the market to remain bullish. This is how they make most of their money. However, when...

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243.85 Emerges as Key ETH/USD Technical Level: Sally Ho's Technical Analysis 13 July 2020 ETH

Ethereum (ETH/USD) appreciated early in today’s North American session as the pair traded as high as the 245.37 level after trading as low as the 236.51 area during yesterday’s North American session.  Earlier in yesterday’s North American session, the pair spiked to the 243.90 level before coming off, a level that represents the 61.8% retracement of the recent depreciation from 248.98 to 235.56.  Stops were eventually elected above this level during today’s European session, with bids later emerging around this level during the North American session.  The next upside levels in this depreciating range include the 245.81 and 246.11 levels. ...

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9338.63 Remains a Big BTC/USD Level: Sally Ho's Technical Analysis 13 July 2020 BTC

Bitcoin (BTC/USD) showed some signs of life early in today’s Asian session as the pair continued to recovery from its recent low around the 9118.00 area.  Some traders continued to eye the 9233.23 level as an upside target, representing the pair’s strongest recent print.  Traders are observing the 9296.50, 9338.63, and 9390.75 areas as upside targets, representing the 50%, 61.8%, and 76.4% retracements of the recent depreciation from 9475.00 to 9118.00.  Stops were elected below the 9340.68, 9257.58, and 9190.42 levels during the recent move lower, representing the 23.6%, 38.2%, and 50% retracements of the recent appreciation from 8905.84 to...

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Can ETH/USD Remain Above 236.25? Sally Ho's Technical Analysis 12 July 2020 ETH

Ethereum (ETH/USD) extended earlier gains in today’s North American session as the pair traded as high as the 241.59 level after trading as low as the 237.43 area during the Asian session. The pair then moved as low as the 239.38 area before during the European session, right around the 50% retracement of the recent appreciation from 237.43 to 241.59.  Notably, the intraday high was right around the 241.63 area, representing the 78.6% retracement of the depreciation from 248.64 to 215.16.  During the past few trading sessions, the pair has remained above the 236.07 area, representing the 38.2% retracement of...

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Are Lower BTC/USD Highs a Warning Sign? Sally Ho's Technical Analysis 12 July 2020 BTC

Bitcoin (BTC/USD) remained pressured early in today’s Asian session as the pair continued to encounter resistance around the 9500.00 area.  Traders pushed the pair higher to the 9322.23 area during yesterday’s Asian session before it depreciated to the 9182.35 area early in yesterday’s North American session.  BTC/USD continues to experience selling pressure at lower highs with traders most recently unable to get the pair back above the 9340.68 level, representing the 23.6% retracement of the recent appreciation from 8905.84 to 9475.00.  Stops were elected below the 9340.68, 9257.58, and 9190.42 levels during the recent move lower, representing the 23.6%, 38.2%,...

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