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ETH/USD Stops Above 159.62 Push to 169.00: Sally Ho's Technical Analysis 6 April 2020 ETH

Ethereum (ETH/USD) appreciated in today’s North American session as the pair climbed higher to the 165.13 level after buying pressure emerged around the 153.39 area during today’s European session.  The pair has been consistently bid higher since yesterday’s North American session when the pair traded as low as the 140.81 area.  Stops were elected above a couple of key technical areas, including the 156.77 and 159.62 areas, both of which represent upside price objectives related to buying pressure that emerged around the 90.00 level during the volatile trading activity from mid-March. Market sentiment is decidedly more positive than it was...

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Bitcoin Manipulation At Peak Before The Next Big Crash

Bitcoin manipulation has taken one of its worst shapes ever. Every time the price is ready to fall, we see a big green candle that shakes out a lot of retail bears. This is a clear case of market manipulation that would be like an open and shut case in other financial markets. However, in this market all sorts of things go by without any consequences. The 4H chart for BTC/USD shows that the price risks a major decline in the near future. This is going to be a lot more aggressive than the previous crash. The stakes are too...

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Sideways at 6800 After BTC/USD Tested 7025: Sally Ho's Technical Analysis 6 April 2020 BTC

Bitcoin (BTC/USD) traded sideways early in today’s Asian session as the pair continued to orbit the 6800 figure after spiking to the 7025.33 area early in yesterday’s Asian session.  Stops were elected above the 6949.09 level during the move higher, an area that represents the 50% retracement of the recent depreciation from the 7292.11 area to the 6606.06 area.  The market tested the 7030.04 area during the appreciation higher to the 7030.04 area, a level that represents the 61.8% retracement of the depreciating range, but traders lacked the strength to push BTC/USD through the 7030 area.  Following the pair’s depreciation...

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ETH/USD Continues to Orbit 144 Level: Sally Ho's Technical Analysis 5 April 2020 ETH

Ethereum (ETH/USD) gained some ground in today’s North American session as the pair appreciated to the 144.27 level after buying pressure emerged around the 142.16 level during yesterday’s European session.  Stops were elected above the 144.25 and 145.73 levels during the recent appreciation, representing the 50% and 61.8% retracements of the prior depreciation from the 150.50 level to the 138.00 level.  Traders lacked the conviction to test the 147.55 level, representing the 76.4% retracement of the same deprecating range.  Chartists note that the 144.18 area also represents the 23.6% retracement of the appreciation from the 123.72 level to the 150.50...

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Failure to Test 6949 Pushes BTC/USD Lower: Sally Ho's Technical Analysis 5 April 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 6800 level early in today’s Asian session as the pair weakened from the 6915.17 area during yesterday’s European session and traded as low as the 6658.16 area early in yesterday’s North American session. Prior to the pullback, the pair has been orbiting the psychologically-important 7000 figure, after recently trading as high as the 7292.11 level, a multi-week high, before paring gains lower to the 6650.00 area.   Stops were recently elected above some key technical levels during this sharp move higher.  These levels include the 6979.43 level, an upside price objective related to upside buying...

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