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Sally Ho's Technical Analysis 23 January 2020 BTC ETH

Bitcoin (BTC/USD) was little changed early in today’s Asian session as the pair traded around the 8631.77 area after trading as high as the 8791.76 area during yesterday’s European session.  Some bids emerged around the 8565.00 area during yesterday’s North American session but the pair has largely been confined to a sideways trading range.  The pair continues to orbit the 8741.24 area, a level that represents the 50% retracement of the move from 10950.57 to 6531.91.  One of the many important trading ranges that traders continue to monitor is the move from 7671.00 to 9194.99.  During a pullback a couple...

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Declining Ethereum (ETH) Dominance Spells Trouble For The Altcoin Market 

Charts don’t lie. This is Ethereum dominance we are looking at on the daily time frame. This is as bearish as it gets and we are most likely on the verge of a major crash from this point forward. The descending broadening wedge on the daily chart for Ethereum dominance (ETH.D) speaks for itself. We can take a guess and see where it could fall next from here in case of a downtrend. This is why I repeatedly say that there is no reason at all to be bullish on the market at this point. It is even riskier to...

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Here’s What Bitcoin (BTC) Analysts Won’t Tell You 

Bitcoin is moving up and down between $8,800 and $8,600 but looking at the BTC/USD chart, it is not easy to ascertain where it might be headed next. The reason why is because this market is one of the most highly manipulated and controlled market there is. In many ways, it is even worse than penny stocks. There are countless cases of manipulation in this market and there will be many more in the future. However, that is not to say that we cannot get an idea as to how and when a particular pump or dump could happen in...

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Bitcoin (BTC) Could Still Rally Towards $10k After A Near-Term Retest of $8k

Bitcoin (BTC) is still hovering close to the 200-day moving average and is now on the verge of its next big move. This move whether to the upside or to the downside will be short-lived. The perfect play from the market makers’ standpoint would be for BTC/USD to fall down to the $8k level which would make the bears feel vindicated. This would then give the market makers and the whales incentive to pump the price to much higher levels to liquidate most of those overly aggressive bears. The next move from the 61.8% fib level would most likely be...

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Sally Ho's Technical Analysis 22 January 2020 BTC ETH

Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair fell to the 8693.39 area following a late rally to the 8774.31 area during yesterday’s North American session that began earlier in the session around the 8465.00 area.  Following the pair’s sharp decline over the weekend from the 9194.99 area to the 8465.00 level, BTC/USD has largely traded sideways, generally supported above the 8500.00 figure.  During the weekend pullback, the pair remained bid above the 8433.00 area, representing the 50% retracement of the recent 7671.00 – 9194.99 range.  Notably, selling pressure emerged around the 8741.24 area during the pair’s...

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