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BTC/USD Tests 13492.45 Technical Resistance on Recovery: Sally Ho's Technical Analysis 29 October 2020 BTC

Bitcoin (BTC/USD) moved higher early in today’s North American session as the pair appreciated to the 13255.10 level after trading as low as the 12976.29 area earlier in the North American session, below the 13039.61 area that represents the 76.4% retracement of the appreciating range from 12785.00 to 13863.87.  Traders lifted BTC/USD to test the 50-hour simple moving average during the North American session, and then tested the 61.8% retracement of the recent depreciating range from 13863.87 to 12891.57.  Notably, BTC/USD recently tested the 13868.44 area, a previous relative high from June 2019.  As expected, the pair also recently encountered technical resistance...

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ETH/USD Reverses Course After 380.75 Support: Sally Ho's Technical Analysis 29 October 2020 ETH

Ethereum (ETH/USD) regained some lost ground early in today’s North American session as the pair appreciated to the 390.96 area after trading as low as the 380.75 area earlier in the North American session, just above levels of support earlier this week.  Some Stops were recently elected above the 409.45 and 410.23 areas during the push higher, levels that represents the 76.4% and 78.6% retracements of the depreciating range from 417.86 to 382.21.  During the recent pullback lower, Stops were elected below the 404.79, 400.48, 396.99, 393.50, 389.19, and 388.54 areas, retracement areas related to the recent appreciating range from...

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BTC/USD Tests Major Technical Resistance, Then Retreats: Sally Ho's Technical Analysis 28 October 2020 BTC

Bitcoin (BTC/USD) gave back some recent gains early in today’s North American session as the pair depreciated to the 13164.55 level after trading as high as the 13863.87 area in the Asian session, its strongest print this year.  Notably, BTC/USD tested the 13868.44 area, a previous relative high from June 2019.  As expected, the pair also encountered technical resistance ahead of some upside price objectives between 13875.45 and 13884.29, levels related to buying pressure that emerged much lower around the 3135.90 and 13884.29 areas.  Stops were elected below the 13609.26, 13451.74, 13224.44, and 13197.13 levels during today’s pullback, levels related to the...

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ETH/USD Rapidly Retreats Below 400: Sally Ho's Technical Analysis 28 October 2020 ETH

Ethereum (ETH/USD) was pressured lower early in today’s North American session as the pair depreciated to the 385.25 area after trading as high as the 411.77 area during the Asian session, just above the 411.49 area that represents the 50% retracement of the recent depreciating range from 421.47 to 401.51.  Some Stops were elected above the 409.45 and 410.23 areas during the push higher, levels that represents the 76.4% and 78.6% retracements of the depreciating range from 417.86 to 382.21.  During the pullback lower in the European session, Stops were elected below the 404.79, 400.48, 396.99, 393.50, 389.19, and 388.54...

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BTC/USD Extends Rampage and Eyes 13694.57: Sally Ho's Technical Analysis 27 October 2020 BTC

Bitcoin (BTC/USD) exploded higher early in today’s North American session as the pair appreciated to the 13498.24 level after trading as low as the 13000.00 figure in the Asian session, its strongest print this year.  Stops were elected above the 13361.00 level during the pair’s ascent, a recent relative high, and strong upward pressure has kept the pair bid from the 12785.00 area.  Traders are continuing to monitor the 13488.49 area, representing the 61.8% retracement of a broad historical depreciating range from 19891.99 to 3128.89.  Above that area, traders anticipate some technical resistance between the 13868 and 13884 areas.  Stops were recently...

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